Reposted from New Deal 2.0 with permission from author. Deficit Hawks Down: The Misconstrued “Facts” Behind Their Hype by James K. Galbraith Economist James K. Galbraith attends a Pete Peterson-funded road show. The Fiscal Solutions Tour is the latest Peter G. Peterson Foundation effort to rouse the public against deficits and the national debt — […]
Kash Mansori will be writing again for Angry Bear. He has his own site The Streetlight, which carries several new posts. When he entered the private sector in 2006 he stopped writing for blogs. Kash wrote well written and data driven posts on international finance and macro economic topics, and some humorous as well. Welcome […]
Commentary: Subprime Thinking from Wednesday morningre-posted with permission from the author When I started this blog in January 2005, one of my goals was to alert people to the housing bubble, and to discuss the possible consequences of the then approaching housing bust. Residential investment has historical been one of the best leading indicators for […]
By Noni Mausa The Promise Merchants Part II — Postulates(Dan here…reformatted from the original posted earlier) 1. There is always [1] excess production. Individual human beingscannot produce enough to live comfortably, but people in groups can’thelp but overproduce. 2. People can’t stop producing. The time, attention and efforts ofhuman beings are expended continuously. Their energy […]
by Linda Beale Economic stimulus–the right and the wrong of itcrossposted with Ataxingmatter Clearly, for ordinary Americans, the US economy is still in a funk from the financial crisis caused by the housing boom funded by the easy credit of turnover securitization of mortgage loans, coupled with the casino banking mentality spurred by proprietary trading […]
Moderator is John Holdren, Science and Technology Advisor to President Barack Obama and Director, White House Office of Science and Technology Policy. Participants are: Nadia K. Al Dossary, Chief Executive Officer and Partner, Al Sale Eastern Co. Ltd Gary Hattem, President, Deutsche Bank Americas Foundation, Deutsche Bank Tri Mumpuni, Executive Director, IBEKA Conrad van Oostrom, […]
by Bruce Webb Exactly a month ago I put up a post If a Social Security Annual Report Vanishes into the Forest noting that not only was the Report months overdue but that nobody seemed to notice or care that there was no official announcement about the reasons for the delay or a new release […]
op-ed by Run “The Messenger Again Wears A Skirt (Mama Tucker on Brooksley Born)” Taking a page from his former boss and mentor Larry Summers, Geithner behind closed doors has expressed opposition to Dr. Elizabeth Warren heading up the Consumer Financial Protection Bureau as reported by The Huffington Post. For those of you who may […]
CoRev brought up the claim that small firms account for 70% of job creation in the US economy. Several years ago the Small Business Administration and Census began an annual survey of employment by firm size. You can find the data here: http://www.census.gov/econ/susb/historical_data.html Here is a table of what the joint survey of employment by […]
The Washington Post reports on an interesting development. If people aren’t able to “see” how they personally fit in to the ‘economy’ or ‘carbon footprint’ in a real way, they often ignore the ‘problem’ or keep it so abstract it does not touch them. Three years ago, Dan Yates and Alex Laskey, the co-founders of […]