I was taking the day off, but this is the best news the Obama Administration could get right now.* Wonder how they’ll screw it up? I second the (self-)nomination of Dr. Black, on condition he commit to bringing me on as Assistant Secretary of the Treasury for Financial Markets, which was held in its Glory […]
Fifteen years ago this evening, my wife made the biggest mistake of her life. And she still hasn’t repented. But that doesn’t mean there might not be a little “buyer’s remorse“: G-d help me, that was the best specific option I could find.* So let’s go instead with a standard: *Really, folks, does no one […]
by Rebecca Wilder What do you want to wager that the IMF’s a bit overly optimistic on the outlook for Greek nominal GDP? Monday, June 27, 2011 Newsneconomics These jokers have no idea what they’re doing. The IMF has overshot the ex-post path of Greek nominal GDP in each and every one of their World […]
by Mike Kimel A few questions about Obama and Next Year’s Presidential Election Assume that Michelle Bachmann wins the Republican nomination next year and Obama wins re-election. Given Obama’s governing style (i.e., fold early, fold often), in what way will the outcome of Obama’s final five years in office (i.e., next year plus the second […]
This is why Andrew Leonard (h/t Yves Smith) gets paid for blogging and I don’t. He tries to do the impossible: make sense out of Michelle Bachmann’s “economics“: 1) The interest can easily be paid for … Bachmann is making the argument here that the U.S. can choose to pay its creditors — the various […]
Mark Thoma joins Dr. Black, putting him one-up on some Liberal Bloggers Who Should Know Better.* Thoma: 1. You have to make the Republicans pay in terms of eroded public support before they will agree to cooperate at all. The president in particular has not played a long-run strategy, the Republicans have, and the results […]
By: Daniel Becker There is some new information from Adam Hersh of Center for American Progress showing what has happened in the states that have followed the conservative economic approach (yes, talking to you Obama, DLC, Clintonites). Keep cutting at your own risk. Here’s the thing. Like the Wile E Coyote, we seem to have […]
I just couldn’t resist clicking “Bank of America to pay $8.5 billion settlement over mortgages”. Finally the Bankers are paying for destroying the economy. My enthusiasm rapidly faded as I read the article. Then I read “Shares of Bank of America Corp. jumped more than 4 percent, or 48 cents to $11.30 before the market […]
If I made this up, you would never believe me: “He informed me by text while he was on the floor,” [Erie County Republican Chairman Nicholas A.] Langworthy said of [New York, State Sen. Mark J.] Grisanti’s Friday vote. “I urged him to stick by his word he had given. The people elected him on […]
Yes, it’s another “AB was right” post. Detractors of this blog in general and me in particular could stop reading now. But they shouldn’t. Anyone who thought through the economics could have pointed out what I did on the 17th: From [Republican Congressman John] Boehner’s site: At least 30 percent of employers would gain economically […]