Relevant and even prescient commentary on news, politics and the economy.

Housing equity withdrawal drove the bubble, not so much the building

Tim Duy also points to Bill McBride and Josh Lerner adding to the discussion of the narrative of housing in our economy and how that should affect policy.  I would add of course the variety of responses by the mortgage industries (see Naked Capitalism) since that started in earnest round 1998 (MERS).  I think this […]

Is Ireland the Poster Child of Growth?

by Rebecca Wilder Is Ireland the Poster Child of Growth? I wanted to familiarize myself with the economic statistics in Ireland, so I thought that I’d share my findings with you all. Many politicians refer to Ireland as the poster child of austerity – according to the contentious thesis of expansionary austerity (a review from the […]

Germany the Euro winner?

Update: This post from 6/28 has been re-posted today 7/04 as I believe it was lost in last Thursday’s reaction to the Supreme Court’s ruling on the health care ACA. Robert Waldmann has also subsequently expressed an opinion on how Germany should proceed. Re-posted:The NYT carries a data filled op-ed by Gunnar Beck, and takes […]

The Disease of the 21st Century…

Via AlterNet, Lynn Parramore describes: Job Insecurity: It’s the Disease of the 21st Century — And It’s Killing Us A massive, Xanax-fueled public health crisis driven by chronic employment worry is headed our way. Remember Dilbert, the mid-level, white-collar Cubicle Guy of the ’90s who could never seem to get ahead? In the 21st century, […]

What to do with the Euro ?

G. has to leave the Eurozone. No not Greece Germany. Germany and a bunch of small Northern countries use the undervalued Northern Euro as their currency while we use the over valued Mediterranian and Irish (or Catholic and Orthodox) Euro. We need one more flexible exchange rate somewhere between them and the Sea. If Greek […]

Where’s Daniel Becker when you need him??

‘Small business representative’ still has some meaning for people, but of course the term is gamed constantly in the political arena. Via Alternet comes this example: This morning, NPR’s Yuki Noguchi wanted to know how an ordinary small business owner feels now that the Obama health care law has been upheld. So she turned to […]