nakedcapitalism.com - 11/15/2008
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One of the underlying assumptions of the Fed's and many other central banks' response to the credit crisis is that it can be halted, and hopefully remedied, by having the government backstop the troubled financial sector. One template is not to repeat the supposed mistakes of the Great ...
alephblog.com - 11/20/2008
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alephblog.com —
I’m going out on a limb here, and
I’m going to suggest that we have already entered...
a depression. The concept of a depression is even less objective than that of a recession, but some suggest that a decline in real GDP of 10% or more is ...
(more)
It’s Called a Depression
krugman.blogs.nytimes.com - 11/9/2008
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krugman.blogs.nytimes.com —
Everybody's talking new New Deal these days -
and, predictably, the FDR-haters are out in force, with...
all the usual claims about FDR having actually made the Great Depression worse. (To the right, way back when, FDR was "That Man." Now Obama is "that ...
(more)
New Deal economics
calculatedrisk.blogspot.com - 11/10/2008
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calculatedrisk.blogspot.com —
Since investment in non-residential structures is slowing (especially
malls, hotels, and offices), a key question is how...
did the commercial real estate (CRE) investment boom compare to the residential housing bubble? And how did the CRE boom compare ...
(more)
The Commercial Real Estate Bust
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bund auction failure
Decline and Fall of Western Civilization —
yves smith of naked capitalism pens a comprehensive missive regarding the failures of western government responses to triage and delever their financial sectors -- in an attempt to avert growth contraction -- preferring instead to attempt to transfer balance sheet risk without contraction onto government balance sheets. ...
Sunday morning links
The Mess That Greenspan Made —
... seeks slice of bailout pie - San Jose Mercury News HOUSING 6 steps to fix the housing market - Boston.com 7 Ways for Obama to Save the Housing Market - US News Taking Stock of Builders' Wild Ride - Washington Post Real Estate Turns in Another Down Quarter - Zillow Blog FED/TREASURY/BANKING Treasury attacked over $700bn bail-out - Financial Times Misguided Policies - Seeking Alpha Investors Leery of Buying Government Debt As Calendar Grows - Naked Capitalism Obama ...
Sunday links: risk is on sale
Abnormal Returns —
... “(E)ven if investors are not worried about the risk of a sovereign default, there is going to be so much government debt for sale that yields will rise, merely based on supply and demand.” (naked capitalism) ...
Obama 60 Minutes interview
Rolfe Winkler —
... The bond market may have something to say about “doing whatever it takes” to get the economy “moving.” Already investors are growing leery of buying government paper. Hey Barack: you can’t finance all the bailouts without, er, financing. ...
Related Content
Den Of Liars
market-ticker.denninger.net 12/24/2008 —
That would be our government. It of course includes Congress, and until proven otherwise, all who came from Congress , including our President-Elect. Yeah, I know, we only have one President at a time. That's fine. But here's reality: ...
Where We Are, Where We're Heading (2009)
market-ticker.denninger.net 1/1/2009 —
Let's score the 2008 edition predictions first: US will enter a recession : Confirmed by NBER. Check. Unemployment will rise north of 5% . Check (bigtime) Housing will not turn in 2008. Major check. The story in 2008 will be ...
U.S. GDP
measuringworth.org 3/14/2009 — Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country during a given time period. There are two ways to measure GDP: Nominal GDP is the dollar value of production at current-year prices. For ...
Financial Crisis and Recession
woodwardhall.wordpress.com 12/11/2008 — The Obama administration’s focus on infrastructure spending raises the natural question of the effect of government purchases on total GDP. Does government spending stimulate other categories of spending, especially consumer spending? Or does ...
What's the Difference Between a Recession and a Depression?
crossingwallstreet.com 1/2/2009 — Hebert Hoover used the word "depression" instead of "panic" to describe the events of his administration. Since then, there's been a battle to define what's a recession and what's a depression. Most seem to define a depression as a 10% drop in GDP. ...
Good economic news?
econbrowser.com 4/30/2009 — Today's GDP numbers were about what I was expecting. Although economic activity continued its sharp decline, if we continue to follow the script, things should improve.
The Bureau of Economic Analysis reported today that U.S. real GDP fell at a ...
Preliminary Analysis of the President’s Budget
cboblog.cbo.gov 3/21/2009 — We have just released our latest projections for the budget and economic outlook, updating the projections published in early January 2009. In addition, we have reviewed the President’s budgetary proposals contained in the February publication A New ...
GDP Negative as Consumer Spending Falls 3.1%
globaleconomicanalysis.blogspot.com 10/31/2008 — The US economy is sinking fast. We did no need to see the GDP numbers to know that but the figures are out. Here are the Third Quarter 2008 Advance GDP Numbers . Real gross domestic product -- the output of goods and services produced by labor and ...
How Not to Stimulate the Economy
gregmankiw.blogspot.com 12/22/2008 — In thinking through the fiscal policy options and their implications, it might be useful to compare a few hypothetical, fanciful scenarios. Suppose that the federal government borrows some money and then... Case A : uses the money to give a lump-sum ...
The financial return on energy invested
europe.theoildrum.com 6/23/2009 —
Global GDP data from the USDA. Primary energy data and energy prices from the BP statistical reveiw of world energy 2009.
Global GDP has grown steadily and continuously since WWII, in step with a growing global population and primary energy ...
FOIA and the Fed —
The Big Money 11/14/2008
On Nov. 7, Bloomberg News filed a suit against the Federal Reserve to force it to comply with a Freedom of Information Act request for details about emergency loans made and collateral accepted in recent months; the loans amount to nearly $2 ...