by spencer For several years bond yields were on a glide path well above the inverse of the 1950-1980 yield increase–the dotted line versus the solid line. I thought it would take a Japanese style depression scenario for yields to fall to the solid line glide path. That now appears to be happening.

rdan Link for information on infrastructure spending projects. More information to ponder.

rdan I apologize for just the link, but this note on Japan is worth a look on production and deflation figures.

rdan The Washington Post reports a set of guiding principles for the rescue is in the works: Geithner has been working night and day on the eighth floor of the transition team office in downtown Washington with Lawrence H. Summers and other senior economic advisers to hash out a new approach that would expand the […]

A link to the possible bailout of another major industry?

from Aguanomics Fixing Monopolistic Utilities [This is an important post. Please read the bit after my comment and please do respond/critique in the comments.] Angrybear has a post on the TVA fuckup (a retaining wall collapsed, letting loose a huge flood of flyash — the stuff left after burning coal — that buried houses, killed […]

by Bruce WebbWhat does it take? A stake through the heart? A bullet through the brain? Baker and Krugman do some pushback.Dean Baker in his post The Post’s Jihad against Social Security points to this article Obama Predicts Years of Deficits over $1 trillion and notes that they don’t hesitate to single out the usual […]

by cactus A Look at What the Next President’s Chief Economic Advisor Wrote About Tax Policy Since Christina Romer is gonna be Obama’s Chair of the Council of Economic Advisors, its worth revisiting her work. Now, I’m not an academic, so I don’t read all that many papers. But I remember reading the March 2007 […]

Several recent events have been described as “just symbolism,” which apparently is a method of dismissing uncomfortable statements of fact, such as ‘Sarah Palin is the nominee for Vice President’ or ‘Rick Warren will give the invocation at Barack Obama’s inauguration.’ Apparently, these moments are supposed to have a lifespan closer to that of Britney […]

by cactus The End of the Recession: A Prediction Back in March, I noted we were in recession, and that the recession was somewhat different from previous recessions in that it had not been preceded by a nice sized cut in the real money supply. Put another way – an error by the Fed wasn’t […]