bloomberg.com - 10/27/2009
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‘Jobs Created or Saved’ Is White House Fantasy: Caroline Baum
bloomberg.com - 10/26/2009
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bloomberg.com —
Commentary by Caroline Baum Oct. 26 (Bloomberg) --
The recession is over. Yea verily yea, as the...
knights of old might say with chalice raised. The Commerce Department is expected to validate that premise later this week when it reports that the U.S. ...
(more)
If Government Pays Us to Spend, Then Spend We Will: ...
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Wednesday Watch
Between the Hedges —
Late-Night Headlines Bloomberg: - The U.S. Commerce Department imposed preliminary duties of as much as 12 percent on $269 million of imports of steel grating and wire strand from China. In two separate decisions announced today, the U.S. said the producers are receiving illegal subsidies from the Chinese government, backing petitions by companies including Insteel Industries Inc., American Spring Wire Corp. and Sumiden Wire Products Corp. Makers of steel grating will face tariffs of 7.4 percent, the Commerce Department said in an e-mailed statement today. Importers of concrete steel wire strand, which is used to reinforce concrete construction ...
Wednesday morning links
The Mess That Greenspan Made —
TOP STORIES Fears of a New Chill in Home Sales - NY Times Weak Dollar Is Protectionist Barrier: Bill Gross - CNBC ‘Jobs Created or Saved’ Is White House Fantasy - Baum, Bloomberg Pay czar Feinberg increased base pay at U.S. firms: report - Reuters Bond Weakling California Shows States’ Failure to Disclose Debt - Bloomberg Housing slump hits California timber industry like a buzz saw - LA Times Enablers of the Housing Bubble - Delong's Semi-Daily Journal Protests at US bankers' convention - Guardian ...
Weekend Linky Dinks
UpsideTrader —
Weekend Linky Dinks [image] A bipolar dollar gave fits to both the longs and shorts this week, but the bears grabbed the brass ring on Friday, prompting nervousness into the weekend. Oil and materials imploded and the banks traded like the toxic, non lending shells that they really are. GDP was digested and puked and the market got hit hard. We’ll be watching the 1655-60 zone just beneath there, which are the early October lows on the NDX, and keeping an eye on the 1020-25 zone on the SPX, which are also the early October lows. Unemployment is on the docket at the end of next week, I wait with bated breath to see how many jobs we saved this time. ...
Related Content
Has the Stimulus Really Created or Saved One Million Jobs?
onthehillblog.blogspot.com 9/15/2009 — On Thursday, the president’s Council of Economic Advisers released its first quarterly report on the economic impact of the stimulus. The next day’s headlines seized on a single number in the report: 1 million, the council’s estimate of how many jobs the stimulus had created or saved. But how solid
Almost nothing
cafehayek.com 23 days ago — A very illuminating story on “jobs saved.” I think the estimates and methodology reported here are not the same as the “one million jobs saved or created” discussed here . But the real importance of this story isn’t the ...
Measuring Jobs Created or Saved
gregmankiw.blogspot.com 5/12/2009 — The stimulus bill Congress passed a few months ago apparently requires the Council of Economic Advisers to report quarterly on the employment effects of the act. It is, essentially, an impossible job. Because we have only one economy, there is no way ...
Cash for Clunkers Is Just a Broken Windshield: Caroline Baum
bloomberg.com 8/5/2009 — Commentary by Caroline Baum Aug. 5 (Bloomberg) -- Now that the U.S. government is in the auto business, with a 61 percent ownership stake in General Motors and 10 percent in Chrysler, it wants to move inventory. So it came up with a plan, gave it a ...
Capitalism Is Worst System Except for the Rest: Caroline Baum
bloomberg.com 12/30/2008 — Commentary by Caroline Baum Dec. 30 (Bloomberg) -- The year 2008 will be remembered as one that exposed the fatal flaws in free-market capitalism, sending it to an untimely death. Or will it? That capitalism’s obituary is already being written ...
Obama Goes Postal, Lands in Dead-Letter Office: Caroline Baum
bloomberg.com 8/18/2009 — Commentary by Caroline Baum Aug. 18 (Bloomberg) -- “UPS and FedEx are doing just fine. It’s the Post Office that’s always having problems.” -- Barack Obama , Aug. 11, 2009 No institution has been the butt of more government- inefficiency jokes than ...
Inflation ‘Cure’ Exposed When In-Laws Move In: Caroline Baum
bloomberg.com 5/31/2009 — Commentary by Caroline Baum May 22 (Bloomberg) -- When Ben Bernanke arrived at the Federal Reserve, first as a governor in 2002 and then as chairman in 2006, he was known as an inflation targeter . He had written the book (literally) on the subject, ...
Jobs saved and counterfactuals
cafehayek.com 24 days ago — Krugman and DeLong have been attacking Mankiw and Meltzer for mocking the “jobs saved” metric of the Obama Administration. Here is Krugman:
Brad DeLong catches Allan Meltzer claiming that there’s something nonsensical about the Obama ...
Economists Stuck in 1930s Need a Decade Update: Caroline Baum
bloomberg.com 5/20/2009 — Commentary by Caroline Baum May 20 (Bloomberg) -- Depression avoided. Another recession to follow? That seems to be a concern for some academics, including Princeton economist Alan Blinder . Writing in the Sunday New York Times, Blinder says a ...
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