Today I was thinking about tightening cycles in emerging markets; and more specifically, about that in China. Because let’s face it, China matters. China matters to the rest of Asia via competition for export income. China matters to Europe via competition for jobs. China matters to Brazil via domestic production via imports. China matters. The […]
This is a guest contribution by Marshall Auerback, Braintruster at the New Deal 2.0 by Marshall Auerback A new book by Kenneth Rogoff and Carmen Reinhart, “This Time It’s Different: Eight Centuries of Financial Follies”, has occasioned much comment in the press and blogosphere (see here and here) The book purports to show that once […]
by Linda Beale Banking Matters–Bing’s Views The Bing Blog is one of those well-written something about everything we’ve all thought about blogs that everybody should read at least every once in a while. So let me suggest a proper post for your introduction, if you haven’t looked there before. It’s a list of suggestions for […]
(Rdan here…as we develop thought on economic issues facing us today, a nod to excellent writing in the past is important. Newcomers need to know past wisdom exists, and readers of five years ago can use this wisdom again as we visit today’s trends in the knowledge of predictions 2003-2005. I also have been reviewing […]
by cactus A NonReview of Yves Smith’s Econned, Plus Some Questions About Selling Books I’ve been swamped – a lot of work at work, deadlines for my book (more on that below), and family issues to contend with so for the past few weeks I’ve been cooped up with zero downtime. Friday I managed to […]
The Fed of San Francisco just published a note on Okun’s Law and the Unemployment Surprise of 2009. In the paper they conclude that strong productivity was the main reason employment growth was weaker than the traditional relationship that Okun’s law implied. Of course, we at Angry Bear have long known this. I have published […]
by Daniel Becker I came across a presentation called Make Markets be Markets sponsored by the Roosevelt Institute which is tied to New Deal 2.0. Here is the full report here (pdf). The following are two videos, first by Simon Johnson, second by Elizabeth Warren, from the full presentation (see here). I have not read the full […]
Yesterday I argued that Latvia’s cost-cutting efforts are evident compared to a cross-section of European Union countries. Latvia’s efforts, while commendable, were very much a function of the emergency IMF loan in December 2008 and the ensuing recession in 2009. After an email exchange with Marshall Auerback, and thinking more about the cross-section of Europe, […]
by Tom aka Rusty Rustbelt RANDOM ECONOMIC OBSERVATIONS WHILE TRAVELING THE RUSTBELT Even while on vacation the CPA/consultant side of my brain is engaged sometimes (although my grandchildren engaged the Super Mario and Spongebob Squarepants side of my brain). * small businesses are closing at an alarming rate* cities thought recession-proof (e.g. Columbus Ohio) are […]