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A Little Sleight of Hand

…company last year was that it had to switch its fiscal year to the calendar year. Previously, Goldman’s fiscal year had ended on Nov. 30. Now it ends Dec. 31….

Peterson is non-partisan??

rdan Fiscal conservatives that involve two parties is bi-partisan, not non-partisan. And David Walker is hardly objective at this point. A new religion emerges on fiscal responsibility that hardly peeped…

Looting Social Security: (the Basics Revisited, Again)

…fiendishly clever “grand bargain” they want President Obama to embrace in the name of “fiscal responsibility.” The government, they argue, having spent billions on bailing out the banks, can recover…

Comment on Menzie Chinn

by Robert Menzie Chinn provides an excellent summary of arguments that a fiscal stimulus will have no effect on GNP. He charitably doesn’t mention the deduction from an accounting identity….

Barro on Keynes Barro and Grossman

Robert Waldmann Robert Barro wrote an op-ed in The Wall Street Journal. The substance of the op-ed is to report an estimate of the Fiscal multiplier 0.8 which is less…

CEO Math

by divorced one like Bush Honda has done some math, Honda Motor Co. now expects 185 billion yen ($2.06 billion) in group net profit for the fiscal year ending March…

Wells Fargo: the FDIC didn’t blink, so Paulson intervened?

…was responsible for the IRS announcement? Mark Sunshine, guest-blogging at the NYT Economix blog, suggests it was Secretary of the Treasury Paulson: But Mr. Paulson’s fiscal-stimulus work didn’t end with…

One Aussie viewpoint

…2007 was estimated to be €1.475 trillion, which means that debt servicing also represents 17.9% GDP. ———————– 2. Australia’s fiscal example should stand as an example to other nations. In…

Meme of The Day: "Bond Vigilantes"

…and they also produced budget surpluses in Fiscal Years 1998 through 2001. Now, I’ll quibble whether “No nude Texans” cost GHWB a second term; he didn’t seem to want to…