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Looting Social Security: (the Basics Revisited, Again)

Mark Thoma at Economist’s View links us to the following article from William Grieder at The Nation. Looting Social Security Governing elites in Washington and Wall Street have devised a…

Quote of the Day on Executive Pay

…to tumble sharply, starting in 2007. Since I don’t feel like retreading, here are links to PGL here in 2007 and Tom at the Legacy Blog in 2006, 2007, and…

Senate Version of the Stimulus Bill

…moved to the Senate and it is time to shift our ground in response. So lets develop some links. CBO Director’s Blog: Macroeconomic Effects of the Senate Stimulus Legislation CBO…

Davos 2009..zzzzzzzzzz.

…the Asian rim countries. Luckily I did not. So far they predict a turnaround in 2010. See this article for reading and irrelevancy…more links later to world news and charts….

Saturday browsing

…person’s ‘saving’ is another person’s loss that link to the second person needing to ‘save’ money that leads…well, you know. Update: 17 major financials events 2008. Lots of links too….

Assume They Know What an Acronym Is

…Bank Asset Recovery Fund. Anyone got the links? UPDATE: Forbes link added. UPDATE II: The consensus in comments appears to be that a Meredith Whitney report on the 29th may…

Comment on Menzie Chinn

…consumption falls by $5 billion, then isn’t the direct impact on aggregate demand closer to $95 billion for the year rather than zero? PGL links to Kevin Quinn who noted…

Piling on Cochrane

…This means I disagree with Krugman who focuses on the word “accounting” in Cochrane’s post. I comment on a diatribe by Brad DeLong which has links to Cochrane and Krugman…