The Problem - I
Calculated Risk has the clearest picture of
the problem we face.
Click on the chart for a larger version.
The Problem - II
Calculated Risk adds the the clearest picture of
the housing tailspin.
Click on the chart for a larger version.
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
Click on the chart for a larger version.
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.
Click on the chart for a larger version.
Current Economic Conditions 6/5/10
James Hamilton summarizes the situation.
EconModel
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
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maverecon (Willem Buiter)
January 11, 2010, 8:04 pm, 629875
On September 25, 2009, the Commission of the European Communities produced a proposal for EU-level macro-prudential regulation and supervision, “Proposal for a Regulation of the European Parliament and of the Council on Community macro prudential oversight of the financial system and establishing a European Systemic Risk Board”. It looks as ...
January 11, 2010, 8:04 pm, 629876
The difference between data and information has been underlined emphatically by the release on Friday, October 23rd, of the UK GDP data for the third quarter of 2009. Those who make a profession out of providing point forecasts of future GDP had converged on a figure of +0.2% for the ...
January 11, 2010, 8:04 pm, 629877
The euro has become a currency on steroids. Its relentless nominal and real appreciation since the end of 2000 was briefly interrupted in the second half of 2008, but resumed with a vengeance during 2009. The strength of the currency is hurting the exporting and import-competing sectors of the Euro Area. Unemployment ...
January 11, 2010, 8:04 pm, 629874
There are two reasons why the Fed, or any other central bank, should not act as a quasi-fiscal branch of the government, other than paying to the Treasury in taxes the profits it makes in the pursuit of its mandated macroeconomic stability objectives (maximum employment, stable prices and moderate long-term ...
January 11, 2010, 8:04 pm, 629873
Gold is unlike any other commodity. It is costly to extract from the earth and to refine to a reasonable degree of purity. It is costly to store. It has no remaining uses as a producer good - equivalent or superior alternatives exist for all its industrial uses. It may ...
January 11, 2010, 8:04 pm, 629870
The markets today were in a bit of a tizzy because the Dubai World Group, a holding company owned 100 percent by Dubai’s government, and Nakheel, a wholly owned subsidiary of Dubai World, imposed a debt restructuring and debt service standstill - failed to perform on their debt or, in ...
January 11, 2010, 8:04 pm, 629869
Dubai is not systemically significant. If its troubles open our eyes to the likely imminence of the start of the final leg of the journey from household default through bank default to sovereign default, it may do some systemic good, by alerting fiscal policy makers to the vulnerability of their ...
January 11, 2010, 8:04 pm, 629871
What is so important about H.R. 1207: the Federal Reserve Transparency Act of 2009 aka the ‘Audit the Fed’ bill? This bill “To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller ...
January 11, 2010, 8:04 pm, 629872
Mr Eliot Whitehead sent me the following e-mail message in response to my blog post ‘Gold - a six thousand year old bubble’:
“Regarding your FT article, Gold - a six thousand year old bubble, it would interest you to learn that Rai, somewhat since the end of WWII in the ...
December 1, 2009, 8:06 am, 607587
In January 2010 I will, DV, start a new career as Chief Economist at Citi. Unlike my predecessor in that position, Lewis Alexander, who was based in New York City, I shall be based in London.
As a consequence of this career move, Maverecon will be mothballed. That is the logical ...
