Brad DeLong asked a few days ago who he should be reading on a daily basis. Following is a cross-post from my nominee, The Hunting of the Snark: Kudlow’s Komedy Kapers Larry Kudlow is worried that Obama is ruining the economy. Larry KudlowAugust 5, 2011 4:30 P.M. More Obama Spending Won’t Do ItAnd stocks know […]
Find a set of Mortgage-Backed Securities that are (1) still rated AAA by S&P, (2) have a WAL the same as (close to) an on-the-rin US Treasury, and (3) still have a Factor within 5% of the expectation of a generic MBS of that maturity (that is, are not clearly impaired). Post the CUSIP(s) in […]
Sorry, there seems to be a problem at BLS and I have not yet been able to download the data as of 9:15. After yesterday in the stock market we needed some good news and compared to reduced expectations the employment report provided it. Private payrolls rose by 117,000 a levelmuch better than the last […]
I know the recent comments section is blank. I have tried amending, removing, replacing etc the blogger widget that provides the feed to no avail. Blogger comments and js kit comments appear to be functioning normally and in synch, so no guarantees on when it will be fixed. Apologies for the disruption. I have e-mailed […]
It’s that they are so bad at it. At least they made clear that Glenn Greenwald was correct when he said the deal is exactly what Obama wanted: Fact: President Obama laid out key priorities that had to be part of any deal. Those priorities are reflected in this compromise.…the initial down payment on deficit […]
Economists for Obama suddenly showed up in my RSS reader again. It’s not a pretty sight: I suppose I might change my mind, but after watching the President give in to the Boehner-McConnell blackmail axis, I don’t imagine I’ll be spending much of my time advocating his re-election. Assuming he’s the Democratic nominee, which I […]
To which some might be tempted to respond: “What fresh hell is this?!” Well it is an attempt to backfill some of the argument behind my last post on consumption vs accumulation in relation to investment and marginal rates. A.V. Chayanov was an early Soviet era agricultural economist of enormous influence during his time. Unfortunately […]
Ken writes that Ezra Klein has turned into a Fred Hiatt Jr. I was inclined to differ. As evidence, I considered linking to To govern responsibly, the White House will need to negotiate like Republicans That doesn’t sound like Hiatt. Then I got to the policy proposal The White House should announce that it won’t […]
by Rebecca Wilder Edward Harrison draws our attention to the euro area bond crisis: Spain, Italy, Belgium yields now under attack. I’d like to add to this thread by offering some illustrations of the polarizing of bond markets that’s coincident with the euro area bond crisis. (Notice I do not say currency crisis because it’s […]