How Machiavellian was the Nixon White House? The reaction of some of Nixon’s aids to the news that Mark Felt was Deep Throat speaks volumes. Consider this comment from Gordon Liddy: I view him as someone who violated the ethics of the law-enforcement profession, in that if he possessed evidence of wrongdoing, he was honor […]
As I start getting reaquainted with the financial press following my 10-day ‘vacation’, the first thing that has caught my attention is the continued fall in long-term interest rates. The ‘conundrum’ about which Alan Greenspan spoke a few months ago has not resolved itself, after briefly appearing as though it might back in March. Instead, […]
I’m slowly going to start returning to work, and to posting here on Angry Bear, now that we in my household are gradually figuring out how to do things with two kids and irregular sleep. Thanks to all for your well wishes and congratulations. Now we just need some summer weather here in New England… […]
…but I didn’t expect him to come out and say it. While failing miserably to demonstrate any such improper use of statistics or data by Krugman, former Times public editor and ongoing twit Dan Okrent did at least manage to explain how David Brooks (and yes, Maureen Dowd, as well) stays employed: I also believe […]
Matt Yglesias has been assimilated by the Talking Points Memo spin-off, TPMCafe. AB
Tyler Cowen discusses a view put forth by Fischer Black that challenged part of Milton Friedman’s monetarist view: why did both Milton Friedman and Bob Solow scorn him as a macroeconomist? Well, Fischer pushed two (actually more) controversial claims. First, the Fed cannot influence real or nominal variables, unless traders allow it to … Black’s […]
When we discussed the Help Wanted Advertising Index, some of our readers wondered if this was really a good index. David Altig suggests a couple of alternatives.
What did the Beatles mean by “I’m back in the USSR. You don’t know how lucky you are boys”? And why is the Club for Growth crowd arguing we should emulate Russian economic policy as in this tribute from Stephen Moore: All over the world, from Estonia, to Albania, to Russia to Hong Kong, flat […]
The Federal Reserve has been sounding the alarm: the housing market is on fire! It started with Kohn 4/22/2005. “Prices have gone up far enough since [a couple of years ago] relative to interest rates, rents, and incomes to raise questions; recent reports from professionals in the housing market suggest an increasing volume of transactions […]
Is Meg Richards confused as to the fundamentals of finance: With earnings growth on the decline, there’s renewed interest in what was once considered an old-fashioned investment. Dividends – regular payments to shareholders out of a company’s retained earnings – have long provided a boost to total return, and now analysts say they could help […]