Macroman summarizes the G20 statement in one word. FT Alphaville reports on the UBS meeting performance monitor; apparently G20 should apparently try harder.
IMF programs cause consumption (but not the economic one).
Michael Lewis does it again- he made laugh my brains out and now everyone at the Astoria Starbuck's, where I am writing this blog, rightly think I am a lunatic.
Enough fun; now, to the more serious stuff:
Chart of the day: Net exports and residential investment for the US.
Timeline of the crisis (goes as far back as 1970!).
Both Mark Tahoma and Rebecca Wilder argue that US labor market woes are here to stay.
James Hamilton returns to the effective Fed funds rate puzzle- I has summarized the puzzle and various arguments at a recent post.
Dr. Doom thinks that US consumption is likely to fall severely over the course of several years, and he has twenty reasons.
Steve Hsu uses statistics to explain securitization.
Krugman discusses the extent of macro policy during a liquidity trap and once again that's what the US is in, if anyone noticed, but Tyler Cowen thinks that a liquidity trap is unlikely.
History lessons from FT Alphaville: Intraday Dow volatility in historical perspective and how bank profits and loans reacted to previous crises.
Rebecca Wilder and Mark Perry ask where the credit crunch is (not in loans data). Joking aside, their figures and discussion show, in my humble opinion, how complex the credit crisis has turned out to be in the US. And that's why we have Fed economists from Minnesota and Boston dueling as well (see second entry from post from early November).
IMF programs cause consumption (but not the economic one).
Michael Lewis does it again- he made laugh my brains out and now everyone at the Astoria Starbuck's, where I am writing this blog, rightly think I am a lunatic.
Enough fun; now, to the more serious stuff:
Chart of the day: Net exports and residential investment for the US.
Timeline of the crisis (goes as far back as 1970!).
Both Mark Tahoma and Rebecca Wilder argue that US labor market woes are here to stay.
James Hamilton returns to the effective Fed funds rate puzzle- I has summarized the puzzle and various arguments at a recent post.
Dr. Doom thinks that US consumption is likely to fall severely over the course of several years, and he has twenty reasons.
Steve Hsu uses statistics to explain securitization.
Krugman discusses the extent of macro policy during a liquidity trap and once again that's what the US is in, if anyone noticed, but Tyler Cowen thinks that a liquidity trap is unlikely.
History lessons from FT Alphaville: Intraday Dow volatility in historical perspective and how bank profits and loans reacted to previous crises.
Rebecca Wilder and Mark Perry ask where the credit crunch is (not in loans data). Joking aside, their figures and discussion show, in my humble opinion, how complex the credit crisis has turned out to be in the US. And that's why we have Fed economists from Minnesota and Boston dueling as well (see second entry from post from early November).
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