Economics Roundtable
The Problem - I
Calculated Risk has the clearest picture of the problem we face.
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The Problem - II
Calculated Risk adds the the clearest picture of the housing tailspin.
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Special Topic 8/4/10
This week, the Roundtable will feature a special listing for reaction to the payroll employment figures from ADP on Wednesday and the BLS on Friday.
ADP: +42,000
BLS: -131,000/+71,000
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Special Topics 6/28/10
This week, the Roundtable will feature special listings for reaction to Wednesday's
CBO budget projections and the
payroll employment figures
from ADP on Wednesday and the BLS on Friday.
ADP: +13,000
BLS: -125,000/+83,000
CBO: Take your pick.
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Current Economic Conditions 6/5/10
James Hamilton summarizes the situation.
EconModel
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Free Exchange
TODAY'S recommended economics writing:
• "Cuban model doesn't even work for us anymore" (Jeffrey Goldberg)
• A productivity boom in waiting? (Project Syndicate)
• Is Chinese mercantilism good or bad for poor nations? (Dani Rodrik)
• The WSJ "symposium" on monetary policy (Mark Thoma)
• Microsoft laid bare (John Hempton)
DANI RODRIK is blogging again:
Spain, where unemployment has risen to 20% and domestic demand has yet to recover, has just approved a labor reform law that makes it easier for employers to dismiss workers.
I hope someone from the IMF or OECD -- the two institutions responsible ...
TYLER COWEN directs us to a disconcerting story:
Ireland's troubled banking system became the latest flash point in Europe's continuing economic crisis, as the government said it would split up the weakest of its major banks to stave off a run by depositors.
Irish Finance Minister Brian Lenihan, ...
IT SEEMS like Dr Doom has been feeling as though his gloominess is no longer appreciated—is overshadowed, even, by the faddish pessimism that's become as unbearably ubiquitous as Justin Bieber. In a new essay co-written with Ian Bremmer, Nouriel Roubini tries to remind us that no one does gloom ...
JAMES KWAK describes a scenario presented to a class of college students"
A hardware store has been selling snow shovels for $15. The morning after a large snowstorm, the store raises the price to $20.
And he writes:
In 1986, 82 percent of respondents thought this was unfair. In class, it was ...
CLUSTERSTOCK posts this chart:
And Vincent Fernando writes:
Despite talk about how the U.S. economy will soon lose the support of economic stimulus, or that stimulus 'hasn't worked', U.S. fiscal stimulus for the economy is far from finished, and this doesn't even consider ...
EMERGING markets have had a good decade. Rapid growth in China and India has pulled hundreds of millions of people out of poverty, sustained expansion has spread from Asia, where rapid catch-up has a long history, to South America, where halting growth and economic retrenchments were more the norm. These ...
TODAY'S recommended economics writing:
• The great divergence (Slate)
• What is the role of the state? (Financial Times)
• Beware of Greeks bearing bonds (Vanity Fair)
• Millenials and the stock market (Ezra Klein)
• New jobs data, a late British economist, and a Fed nominee (Real Time Economics)
• ...
EVERYONE is linking to Tyler Cowen:
It seems increasingly clear that we must [let housing prices fall]. For how long can the government prop them up? Are we never to have a private market in mortgages again?
Yet what happens if we let them fall? Arguably many banks would once ...
THIS week's interesting economics research:
• The importance of being an optimist (Ron Kaniel, Cade Massey, and David Robinson)
• Must love kill the family firm? (Vikas Mehrotra, Randall Morck, Jungwook Shim, Yupana Wiwattanakantang)
• Regulating bank leverage when there is rent seeking and risk shifting (Viral Acharya, Hamid Mehran ...