by Rebecca There is no shortage of speeches by US central bankers these days. The following is an excerpt from a NY Times article that highlights the debate among key Fed officials about the speed and method of stimulus withdrawal once the decision to exit has been made: Mr. Bernanke and other officials want to […]
About Angry Bear Angry Bear 2009: The Wall Street Journal, 24/7 Wall Street and Time CNN named Angry Bear among the top 25 independent economic blogs on the net. As quoted at CNN “… Angry Bear is the product of a half dozen Ph.D economists, an historian, and financial professionals. The writers provide individual perspectives […]
by guest poster Gavin Kennedy (Rdan-A reader comments on the Research Agenda post on Adam Smith. The comments could not handle the volume of text, so I took the liberty of putting up the comment and the response. Good work guys): The reader suggests Mr. Gavin consider the following quote and his explanation:Adam Smith in […]
As a rule, the Shiller Index uses the CPI as reported for All Urban Consumers (CPIAUCNS on Fred(r)). But the Index is only updated Quarterly, so monthly data is estimated. Which produces a very interesting difference over August, not to mention September expectations: The annualised inflation rate between June and August is 0.39%, which just […]
Two Views of The Late Great Johnny Ace: 69 Years after his birth, my eldest daughter’s favorite band is The Beatles (slightly ahead of the JoBros). The main reason, apparently, is this film. (I’m trying to show her the originals on which it is based, but the best of the set is temporarily unavailable).
by Bruce Webb Davis Obey asks some hard questions that should have been asked long ago. My eye was caught by question one which prompts the title of my post. Why insist that Health Care be budget neutral and come in below some arbitrary target? Why did we even allow these wars to be funded […]
From Constance Ash’s discussion of Capitalism: A Love Story: There are some scenes that that must have been shot around the period when enraged screwed-over people gathered at the New York Stock Exchange yelling, “Jump! Jump! Jump!” Moore has said in an interview, that while at the NYSE the NY cops came up to him […]
I recently mentioned D-Squared’s four-part review (evisceration?) of Freakonomics. I had forgotten he wasn’t finished. Part Five is now posted. And the conceit of the pieces—”that there is something terribly, horribly wrong with the state of modern economics”—that dates back to 2003(!) is all the more validated. John Quiggin should include all five parts as […]