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Does a bigger boom imply a bigger bust?
Does a bigger boom imply a bigger bust?
For the US housing sector – and the financial firms that financed the boom – a bigger boom meant a bigger bust. Home prices rose higher than before — and now are falling fast. Shipping too. The Baltic dry index rose high on the back of Chinese demand. [...]
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links for 2008-11-10
Economist's View — Paulson, Bernanke Strained for Consensus in Bailout - WSJ.com The Mini Depression and the Maximum-Strength Remedy - Robert Reich Obama set to push ‘big bang’ reform package - FT Hoover-Era Law Was Behind Fed-Treasury Debates - Real Time Economics Does a bigger boom imply a bigger bust? - Brad Setser China Unveils $586 Billion Economic Stimulus Plan - NYTimes.com Keynes Lives in Beijing: U.S. vs. Chinese Stimulus - Economists for Obama ...

Links 11/10/08
naked capitalism — ... Says Bloomberg Market’s Collapse Echoes in a Manhattan Tower New York Times The Mini Depression and the Maximum-Strength Remedy Robert Reich Time to pull the plug on AIG? Willem Buiter. Points out some glaring failures in the US response to the credit crisis in specific, helpful detail. The new, improved fed funds market Jim Hamilton, Econbrowser. I should have pointed to this earlier, but better late than never. Does a bigger boom imply a bigger bust? Brad Setser. How does he manage to make so many smart ...

Monday morning links
The Mess That Greenspan Made — ... to Identify Bank Loans - Bloomberg Circuit City files for bankruptcy - Reuters Three-Month Dollar Libor Falls to Lowest Since 2004, BBA Says - Bloomberg Dems Target Private Retirement Accounts - Carolina Journal DHL Cuts 9,500 Jobs and Closes Service Centers - NY Times MARKETS/INVESTING Gold climbs as commodities rally on China - Reuters Oil jumps above $64 on higher stock markets - AP Does a bigger boom imply a bigger bust? - CFR How Low, How Bad, How Long? - Hussman ...

china: sudden stop, hit the stimulus
Decline and Fall of Western Civilization — ... notes what is becoming more apparent: things have gone from bad in china to worse. and that has a lot to do with the $600bn chinese fiscal stimulus package announced today. some skepticism may be appropriate -- per macro man, the plan is spread oer two years and includes much that was already announced or going to be spent anyway -- but the desperation appears genuine. questions about the efficacy of keynesian stimulus are to be put aside. more from brad setser. of considerable concern to the united states -- where is the money coming ...

Monday links: bailout black hole
Abnormal Returns — ... Can China “..put [a stimulus plan] into effect quickly enough to offset the likely downturn”?  (Brad Setser) ...

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