by Daniel Becker I came across a presentation called Make Markets be Markets sponsored by the Roosevelt Institute which is tied to New Deal 2.0.  Here is the full report here (pdf). The following are two videos, first by Simon Johnson, second by Elizabeth Warren,  from the full presentation (see here). I have not read the full […]

by Daniel J Becker (DOLB for the rest of you) UPDATED BELOW.Well, I thought being tonight is the big night for the President I would give my version of the SOU. This is an update on the flower shop. For any new readers, these are real numbers from an honest to goodness small business. As […]

First, David Leonhardt argued that this recession was good for workers. Now, Floyd Norris apparently has decided to mix and match data. (I wonder if the fact many NYT employees who are looking at their 45-day severance offers is having an effect on its economic coverage.) One of the standard “economist jokes” is about the […]

UPDATED Divorced one like Bush wants to know how accurate the polling was that came up with a consensous that the GDP rose 3.5% in the third quarter. I did my own poll last night at band practice and 100% of the self employed band members (only one for an employer and that’s the public […]

Rick Perry famously declared that there was no recession in Texas, even though the only way they balanced the budget was through emergency funding. Rick Perry and the Federal Reserve Bank of Dallas appear not to talk with each other: Texas factory activity showed the first signs of bottoming out in September, according to the […]

Via Dr. Black, CR describes Washington, D.C. real estate as “the commercial version of the subprime situation.” Two points: CR knows better, most of the time, than to believe that there was a “subprime situation” in any sense other than “We Are All Subprime Now.” [edited for tone] Possibly more importantly, Washington, D.C., is one […]

by divorced one like Bush Well, well, well, seems our Robert will have some more thinking to do. Via C & L to Radamisto who want’s to know if we have ADD or what comes the Bloomberg story that the money from money machine is being restarted. Morgan Stanley plans to repackage a downgraded collateralized […]

By divorced one like Bush Via C & L via CR comes the NYT asking when will the recession be over. They have 11different responses. Roubini is there suggesting we could see an L curve. We now face a 1 in 3 chance that, if appropriate policies are not put in place, this ugly U-shaped […]

by divorced one like Bush Let’s talk jazz: Still cashing the income inequalityberries, clams, dough, heavy sugar, jack, kale, mazuma, rubes, simoelan, voot. It’s all money. I started this series to develop a simple model of income inequality so that I wouldn’t sound like I was chewing gum and people wouldn’t get all balled up […]

Unemployed persons (seasonally adjusted) appears to be approaching 10,000,000. The other interesting thing about the table is that December 2007 now looks as if it was much worse than was reported at the time: another piece of data that might indicate that we have been in a recession since Q4 2007.