The US economy is in a funkBy Peter Morici Troubles at United States banks are making mortgage, credit card and business loans scarcer and more expensive. Falling home prices, rising foreclosures and high gas prices have stalled home building and consumer spending. These problems are exacerbated by the long-festering trade deficits on oil and with […]
NYT Magazine Preview: How Obama Reconciles Dueling Views on Economy This Sunday’s New York Times has a very good article on Obama by David Leonhardt.
There is a strange meme in the blogsphere—most recently made in comments here by Movie Guy—that Obama “should have a double-digit lead over McCain at this stage as has been the case with previous presidential primaries.” So I went searching for double-digit leads among two-person Presidential races in the past several elections. August 2004 (Bush […]
by rdan In a spirit of cooperation, I have lifted this post from Tim Schilling (economist and Asst. Dir. Powell Institute) blog MV=PQ. It is geared for a lesson plan and material for a high school economic class (gr. 12). Please comment with that in mind. Of course any of this is used in history, […]
“On days like this, I wonder if I’m still a Republican.“ I gave up on the Party long ago; I gave up hope when a (very) distant relative wrote an op-ed for the NYT on why he would not support impeachment in 1998, and was attacked by the party for the next few years, before […]
by cactus Together with a co-author, I’ve been working on a book looking at how a number of series – everything from economic growth to abortion rates – have evolved over the length of each administration beginning with Ike. The process is starting to move, we’ve gotten ourselves an agent, and we hope to have […]
I have an interesting opportunity for you guys at Angry Bear! Firstoff, thank you for your continued support of Facing Up to the Nation’sFinances. Now, however, I am writing about the presidential debates.Please read the letter below and let me know if you’re interested: Hello, my name is Billy Hallowell and I am the director […]
The traditional annual list of Party Schools now has a jump-start. In no particular order, except the way CNN listed them: DukeDartmouthOhio StateSyracuseTuftsColgateKenyonMorehouseMiddlebury CollegeRhodes College The reasoning is such that Only the Current Attorney General could love: “This is a law that is routinely evaded,” said John McCardell, former president of Middlebury College in Vermont […]
by One Salient Oversight Things are progessing swimmingly For me, that is… in terms of my economical prognostication. So I’ll beat my own drum yet again – I know you’re all sick of someone saying “I told you so” but I still can’t understand why high priced financial analysts can make a living out of […]
by reader One Salient Oversight My definition of stagflation Is when Unemployment is 5% or more and when Inflation is 5% or more at the same time. According to the raw data at the Misery Index site, the US experienced my definition of stagflation during the following periods: July 1970 – February 1971 (Unemployment average […]