alephblog.com - 11/20/2008
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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 the criterion , which we have not attained ...
nakedcapitalism.com - 11/15/2008
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nakedcapitalism.com —
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 ...
(more)
Credit Crisis Fallout: Investors Leery of Buying ...
econbrowser.com - 11/26/2008
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econbrowser.com —
The OECD has just released its forecasts. This
follows the recent updated IMF forecasts. Growth is evaporating...
the industrial countries. What is to be done? Figure 1: From visualization of OECD Economic Outlook 84 [link] . Blue is negative ...
(more)
Synchronized Recession, Synchronized Stimulus?
economistsview.typepad.com - 11/25/2008
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economistsview.typepad.com —
Some people are claiming that Obama's job package
will cost $280,000 per job. The actual cost is...
not trivial, but I don't think that figure is correct (it simply divides a proposed stimulus amount, $700 billion, by the stated job goal of 2.5 ...
(more)
How Much Does it Cost to Create a Job?
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Alea —
CDS Basis out of whack
Tracking the $700 Billion Bailout
It’s Called a Depression
Iceland Gets $4.6 Billion Bailout
Iceland Gets $10.2 Billion Bailout Approved
Sarkozy’s Fiscal Meeting Raises Diplomatic Hackles
Email This
Thursday links: another $1 trillion
Abnormal Returns —
... The race to form a central CDS clearinghouse. (FT.com)
Some bond market wonkery. (FT Alphaville, Market Movers)
“The Fed is supposed cut real interest rates as the economy weakens, but the opposite seems to be happening.” (Mankiw Blog)
It’s called a depression. (Aleph Blog)
What to do about “the biggest financial crisis since the ...
richard russell
Decline and Fall of Western Civilization —
... without. The sentiment in the country will be dark grey to jet black. Fortunes will have been wiped out. Thousands of savings plans and 401Ks will have been shattered. Americans who have never experienced true hard times will be living hard times. Confusion and fear will be rampant. How do I know all this? I’ve been here before, I know the signs. i'm not sure what to make of this kind of pessimism, though i surely agree with him. just today i commented at david merkel's blog: i would suggest that — while the financial ...
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