Via Andrew Samwick at Capital Gains and Games, note that David Altig’s Macroblog is back. (Altig is now the Research Director at the FRB Atlanta; it appears he has settled into the job and is expanding his bandwidth.) As Dr. Samwick said, set your bookmarks (or RSS feeders or whatever all the Cuil kids are […]
Hat tip to reader sammy Title: Are We Really Running Out of Oil? This post might give the Peak Oilers pause. Arctic Abundance found originally at USGS. It has become something of an article of faith among those who oppose drilling in the Arctic that it’s too much trouble for too little oil. Well, how […]
Retail sales were reported down 0.1%, but that included gasoline and groceries. If you take them out nominal retail sales fell -0.4%. On a year over year basis real retail sales growth is sitting right about zero. The BEA deflator data will not be available until the end of the month but I made a […]
Hat tip Movie Guy China reverting to form as the world’s workshopBy Peter Marsh Published: August 11 2008 03:00 Excerpts: China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy. The great leap is […]
No matter who “won.” Anyone who knows the phrase “think at the margin”—with or without the differential calculus and comparative statics—would have predicted that the Bankruptcy Bill (a.k.a. The Ken Lewis Retirement Subsidy Act) would damage to the economy when it was least able to survive the damage. What no one knew for certain was […]
The most interesting presentation I saw at the AEA last January was Maccini and Yang’s discussion of the effect of rainfall on the health and growth of Indonesian babies.* It was subsequently discussed as an NBER working paper** by Jason Shafrin, and the thing that made it most interesting is that Maccini and Yang found […]
The gents at Capital Gains and Games—and soon, likely, the ma’am at EconMom—are in the throes of ecstasy (not necessarily the drug). There are “bond vigilantes” on the horizon. Stan Collender: The bond market “vigilantes” — the same people who forced the Clinton administration to propose and push for deficit reduction — are starting to […]
The Economist has a debate on whether high food prices are a good thing, started a couple weeks ago. I can think of several posts on the matter after reviewing pro and con. Worth a visit.
As I’m sure AngryBear readers know, Paul Krugman does not believe that the spot price of petroleum shot up due to speculation. His argument is that the only way future expected prices can affect demand for crude or supply of refined products to final consumers is via inventory accumulation and inventories haven’t increased. Also he […]
After a long long week, Matthew Yglesias has finally returned to the web at thinkprogress.org