Robert Waldmann knows that either Robert Waldmann or Kevin Drum is very confused. Help me out here. update: Drum is right and I’m wrong. Thanks guest in comments. I should have checked before posting. Drum wrote But even if this works, no one thinks that such a bill can get 60 votes in the Senate. […]
By Spencer, At month end the S&P 500 PE on trailing operating earnings was around 24. In my model that is expensive, but not massively so. Except in the irrational exuberance market of the 1990s, a PE of over 20 has never been sustained and always signaled a major bear market. Trailing earnings does include […]
rdan You may have noticed the change in font size for text. I was experimenting with the font size and inadvertently saved the change, which for some reason does not readily change back. It should be easy through the widgets…however, meanwhile, let me know if the font size is easier or harder to read, and […]
Angry Bear is looking for an economist or other bright mind (no jokes please…well, some anyway)) to help us keep the issue of trade, trade policy, WTO, trade deficit/surpluses in the global and national contexts on the front burner at Angry Bear, not just sometimes. Send me an e-mail if you have the interest and […]
rdan The New York Times carries a story that is actually probably of more import than Fed announcement of not renewing the Treasury Bond program. Wednesday’s ruling goes to the heart of one of the biggest trade issues pending between China and the West: whether intellectual property, like copyrighted songs, books and movies, should be […]
rdan Sandwichman, the go to guy on labor issues and author of the series Chapman, Labor, and Unemployment at Econospeak suggests an alternative to the myth of supremacy of capital, which is after all an idea that reminds me of King Midas in our little child version, but in the adult world has several versions […]
by divorced one like Bush Come on, step right up, don’t be afraid. Lay that money down. 3 and 1/8 economist out of 4 say the dastardly deed is done or ending by next month. After months of uncertainty, economists are finally seeing a break in the clouds. Forecasts were revised upward for every period, […]
by cactus I can’t remember where I saw this OECD study first: Finland, the Netherlands and Sweden have the lowest prices for mobile phone calls among OECD countries, according to the latest OECD Communications Outlook. The highest were found in Canada, Spain and the United States. But after listening to folks on the right talk […]