Banks defy Brown’s call to free up credit Guardian What I really think about Finance Robert Waldmann, Angry Bear December’s JPMorgan Global PMI Shows Just How Far The Infection Has Spread Global Economy Matters, Good concise recap. Why We Keep Falling for Financial Scams Wall Street Journal. Who do you mean by “we”? (I did […]
Read more...Although the Fed has resorted to increasingly unconventional approaches for combatting our financial crisis, one it has used that is widely endorsed is the generous provision of liquidity. Luis I. Jácome H. in a VoxEU post, contends that the liberal use of central bank liquidity to stanch crises actually increased instability. One issue that will […]
Read more...In a departure from our usual programming (we are still in a slow news period), I thought I would introduce a real estate opportunity (yes this is an ad of sorts), an unusually large and well outfitted Manhattan furnished rental. The apartment in question is a glamorous, large furnished one bedroom (over 900 square feet, […]
Read more...This is the sort of post Dean Baker often writes, “New York Times features economists who missed the housing downturn,” although this time, the subject is the outlook for 2009. Now in fairness, the author, Louis Uchitelle, puts in far more caveats than one normally sees in this sort of piece. In fact, it could […]
Read more...Futuristic Security Checkpoints Know What You Do Before You Do It Tech Fragments Alberto Gonzales, Victim Hilzoy What if the choice is unions or government? L’Hote (hat tip reader Scott) As Recession Deepens, So Does Milk Surplus New York Times Refuted economic doctrines #1: The efficient markets hypothesis John Quiggin The Most Distrusted Institution In […]
Read more...We expected economic conditions in China to deteriorate faster (at least for the next few months) than most had forecast, and that seems to be coming to pass. From Reuters: Chinese factories slashed output and workers at a record pace in December and manufacturing activity overall fell for a fifth month as the global financial […]
Read more...Falling fuel prices and penny pinching consumers are not a plus for energy-saving technology, particularly the big ticket variety. And the latest auto sales figures complicate the plans of those who’d push Detroit towards making hybrids as one of the bailout concessions. From the Financial Times: US hybrid petro-electric sales in November shrank 53 per […]
Read more...Economists Carmen Reinhart and Kenneth Rogoff have been publishing various findings from a large-scale data set they have constructed of past financial crises. They have looked back as far as 800 years, but not surprisingly, most of their output has consisted of analyses of modern crises (you can find some earlier discussions here and here). […]
Read more...Wishing you all the best in 2009! Israel stifles free press covering Gaza McClatchy If Gaza falls . . .Sara Roy, London Review of Books (hat tip reader Marshall) Multiple tiny earthquakes rattle Yellowstone. Could the big one be far behind? Scientific American China Q3 non-cash payments fall for first time, in line with economic […]
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