The market forecasters and personal finance
blogs complement the Economics Roundtable.
"A random walk through the markets and the ecomomy”
September 18, 2016, 11:13 pm, 1674286
Well, there's no denying that the third quarter GDP advance
was pretty impressive, with growth coming in at an annualized 3.9% rate. I don't want to put a bearish spin on the numbers, so let's start with the positives:
1. Consumer spending: The 3% annual growth rate is ...
September 18, 2016, 11:13 pm, 1674287
Forgive me, for I'm about to rant. But I, Internet junkie that I am, can't help it.
I'll be blunt. Why do bloggers and MSM publications keep talking to and giving space to people who spout total nonsense? I don't mean opinion blowhards, although god knows there are way ...
September 18, 2016, 11:13 pm, 1674288
Willem Buiter, a well-known monetary economist, in his FT blog. Why? The answer is that people usually live in their own house, hence:
As long as your endowment is positive, your wealth obviously increases when the house price increases. However, an increase in house prices means ...
September 18, 2016, 11:13 pm, 1674289
Attributing every single rise in the price of oil to some minor
Middle East-related event has become one of the most tiresome parlor games in financial journalism. What's driving the jump in oil prices is supply and demand. Jim Hamilton of Econbrowser explains
September 18, 2016, 11:13 pm, 1674285
Stephen Colbert would be pleased by the pain the employment figures have been inflicting on bears. The October figures
were impressive, posting a 166,000 gain in payrolls, nearly twice the level that economists were expecting
I should stop here, but my inner grizzly won't let me. ...
September 18, 2016, 11:13 pm, 1674284
That's the firm's market capitalization as implied by its price in the Shanghai bourse following its IPO there (see here
). But the price of its NYSE-quoted ADR's gives a market cap
of "only" 398 billion.
This, of course, is the result of capital controls in China, ...
September 18, 2016, 11:13 pm, 1674281
Blogging is an on-and-off kind of thing for me. As much as I enjoy it, a demanding job and an equally demanding family life leaves little energy for this. So, no promises, specially to myself, but here goes nothing once again.
Where did I leave off? Funny thing, my ...
September 18, 2016, 11:13 pm, 1674282
Apparently, one notch below a middle-tier, but prestigious, investment bank (see here
Not good news given the real potential (albeit small) for a worldwide financial meltdown.
September 18, 2016, 11:13 pm, 1674283
It's certainly understandable that in a time of $100 a barrel oil many laud the promise of biofuels. Yet, Ricardo Hausmann, an economist at Harvard's Kennedy School of Government is guilty of overstating the case for them. For instance, he boldly claims
Peering into the future ...
September 18, 2016, 11:13 pm, 1674280
From the folks over at the World Socialist Web Site
(published, if you were wondering, by International Committee of the Fourth International):
While those promoting “free trade” speak for the bankers, financiers and more globally competitive sections of capital, there is a definite constituency for protectionism among less ...