Relevant and even prescient commentary on news, politics and the economy.

Stock Market PE

I have been asked to repeat some of my past post on the stock market. In particular they wanted to see this long term chart of the S&P 500 price/earnings ratio. Until the 1990s bull market a PE of over 20 on trailing earnings was always a signal of an impending bear market as a […]

Money-Driven Medicine on Link TV

T.R. Reid hosts a Presentation of Money-Driven Medicine on Link TV (see reception information) As taken from Maggie Mahar’s Health Beat Blog. A special investigative TV program is being aired detailing healthcare costs and the healthcare system. The topic is timely and well worth the time watching in order to gain a greater understanding on […]

Thank You Marjorie Margolies-Mezvinsky

Robert Waldmann Let me join Brad DeLong in Saying Let Me Join Pete Davis in Saying: “Thank You Marjorie Margolies-Mezvinsky”Pete Davis expresses the sentiment very well: Thank You Marjorie Margolies-Mezvinsky: I’ve always wanted to thank Marjorie Margolies-Mezvinsky (D-PA) for her courageous deciding vote for President Clinton’s 1993 deficit reduction bill. Her Republican colleagues jeered her […]

TEEN UNEMPLOYMENT AND THE MINIMUM WAGE

Recently the Wall Street Journal editorial page and numerous conservative/libertarian bloggers have shown charts comparing the last few years spike in the teen age ( 16-19 year olds) unemployment rate with the rise in the minimum wage in an attempt to blame rising teen unemployment in 2008 and 2009 to the minimum wage hike. But […]

Economics Bloggers Forum

Angry Bear Ken Houghton will be a panelist, and other participants in the conference include Mike Shedlock, Mark Thoma, Paul Romer, Alex Tabborak. Economics Bloggers Forum8:30 a.m. – 4:00 p.m. CDTFriday, March 19, 2010 Watch leading economics, technology, and finance bloggers discuss key policy issues and cutting-edge research on topics related to entrepreneurship, innovation, and […]

John Quiggin Scores Again

Robert Waldmann I am very glad that John Quiggin has found a group even less worthy or respect than us macroeconomists. He writes It seemed for a little while as if the delusionists had scored another win, when Phil Jones, the scientist who has been most viciously target by the hackers/harassers gave an honest answer […]

‘Republican’ resurgence comes from shift in 65-85 year old group

American Conservative Magazine considers who is feeling the the new anger against ‘liberals’ from the Feb.17 Mt. Vernon statement of the Conservative statement of principles: One of the things that many people have noticed since the release of Mount Vernon statement on Wednesday is the sharp contrast between the youth of the creators (my link) […]