PGL at Econospeak has a note on Holtz-Eakin’s interpretation of Q3 BEA statement. James Hamilton has a graph and thoughts. CR points to another thought on Q3 from the San Francisco FED Dr. Janet Yellen here.

Halloween’s Voodoo Economics (Business Week) Americans will spend 50% more in 2006 than they did last year on Halloween jack-o-lanterns, spooky costumes, and ghoulish decorations. From haunted houses to horror flicks and tales of headless horsemen, Halloween is a day when the fearful becomes fun. But maybe scarier than any demonic costume are the record […]

by cactus Story for George Bush, Hank Paulson, and Ben Bernanke My wife and I are renters – we figured we never could justify paying the crazy prices we saw people charging for houses. But now the bubble burst, and we figured – OK, now’s our time. So there’s this house my wife likes. A […]

rdan Yves Smith comments on a NYT piece about NY Attorney General Cuomo.  The following caught my attention this morning.  Admittedly before coffee: Banks have proven to be remarkably immune to condemnation over senior level pay. CEOs and top level producers seem to have an undimmed sense of entitlement, even though the nine banks receiving […]

rdan The Politico has a well written piece on media bias. Not a quantitative description, but reasoned. They say it much better than I.

by cactus Two Wings of the Republican Party A few facts (labeled with “F”s) and a few questions (labeled with “Q”s): F1. Sarah Palin has stated that if McCain loses, she will stay on the national stage and perhaps seek the top spot herself in 2012. F2. Sarah Palin’s presence on the ticket has energized […]

by OSO Sadly that is the case. US Public debt has increased and in the lastweek it has gone up over $1000. I’m running a weekly debt watch over at my blog. It’s simple mathematicsreally: Public Debt as % of latest GDP figures, as well as Public Debtdivided by latest population figures. One Salient Ovesight […]

by cactus Mankiw’s Incentives I know this has received comment here at Angry Bear a few weeks back (sorry – I’m in too much of a hurry to find the link right now) but a post by Greg Mankiw looking at his own incentive structure under the proposed Obama and McCain tax systems sticks in […]

Investment News suggested the following is being considered: House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all […]