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econbrowser.com - 7/2/2009

A V-shaped recession?

— econbrowser.com — As James Morley has pointed out, often a sharp economic downturn is followed by an equally sharp... economic recovery. One reason for that is the liquidation of inventories that accompanies any recession and restocking that takes place in recovery. What ... (more) A V-shaped recession?

Commodities

Recession

Gross Domestic Product

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5

voxeu.org - 7/3/2009

Explaining the trade collapse

— voxeu.org — Caroline Freund , 3 July 2009 The collapse in trade has been unprecedentedly severe. This column examines... potential explanations. While the global fragmentation of production has increased the responsiveness of trade flows to drops in demand, trade ... (more) Explaining the trade collapse

Government

Gross Domestic Product

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2

delong.typepad.com - 7/12/2009

Fiscal Policy: The Obama Administration Is Not Making Much Sense These Days

— delong.typepad.com — Tim Geithner is not making sense: Geithner: Too soon to decide on more stimulus | Reuters :... U.S. Treasury Secretary Timothy Geithner said it was too soon to decide whether the U.S. economy would need the help of a second round of government ... (more) Fiscal Policy: The Obama Administration Is Not Making ...

Government

Barack Obama

Gross Domestic Product

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America’s Fiscal Train Wreck and Cassandra’s Curse
Paul Kedrosky's Infectious Greed — ... come.  This has seriously undermined doomsayers' credibility and, more importantly, it has made the electorate and elected officials complacent about the threat from unsustainable fiscal policies.  Some even proclaimed that "deficits don't matter." Welcome to Cassandra’s Curse: Predict the worst and have it not come true on schedule and in s democracy politicians ignore you, right up until they can’t and it’s (likely) too late. More here. ...

Lunchtime Linkage
The Big Picture — ... you inhale your sandwiches: • How Bad Are Auto Sales? 10 Questions and Answers (Time) • Unemployment is now far beyond the worst case (8.8%) of ‘Stress Test’ (Calc Risk) • Finally on line! The Great American Bubble Machine (Rolling Stone) • The Unwinding of Lehman Brothers (CNBC) • Sharp analysis: Is A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs (Zero Hedge) • America’s Fiscal Train Wreck (Morgan Stanley) • QE just acting ...

Tuesday morning links
The Mess That Greenspan Made — TOP STORIES • Goldman: Morgan Is Wrong About Fed Exit Strategy - Bloomberg • CFTC Floats Rules Aimed at Speculation - Washington Post • Economic recovery faces serious hurdles - MarketWatch • Speaker boycotts California budget session - LA Times • The Wealthy World at its 'oil break point' - Calgary Herald • Ten sneaky bank fees that sting consumers - MarketWatch • America's Fiscal Train Wreck - Morgan Stanley • The Free and the Dead - Kunstler, CFN ...

Gold "Nearing Break-Out" as Obama Stimulus Judged "Too Small", CFTC Looks to Curb Crude Oil Trading
GoldSeek.com — ... Ratings – just two notches above "junk" – after several major US banks said they will stop accepting its I.O.U. promissory notes in lieu of cash this coming Friday. Facing a $24 billion budget shortfall for 2009, California plans to issue over $3bn of I.O.U.s to pay its creditors in July. "Global investors and officials are concerned about the credibility and the sustainability of our fiscal policies. So am I," writes Richard Berner, managing director and chief US economist at Morgan Stanley . "They fear that we will adopt policies that will undermine the Dollar and the ...

Evening Briefing for July 7th
TraderFeed — ... care and consumer staples sectors relatively stronger. Summary of the market day here. * OVERSEAS/OVERNIGHT NUMBERS: 12:00 Midnight - Japan, economy survey; 4:00 AM CT - EU, GDP; 5:00 AM CT - Germany, industrial production; 9:00 AM CT - Germany, Ifo Euro-zone economic outlook. * WORTH READING: -- Hedge funds coming back in a new way; -- A fiscal train wreck in the making; -- Contraction in credit ...