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Economist's View:  links for 2009-11-03

Econbrowser:  Current economic conditions

Lawrance G. Lux:  Where do We come from, and where do We go?

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Abnormal Returns:  Wednesday links: one year later

Paul Krugman:  I'm not sure what the moral of this is, but ...

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Interesting article. Comparing 1982 to now shows just how much Krugman & othr Obameconomists have lost touch w realilty http://bit.ly/1Nn36U 22 days ago

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links for 2009-11-03
Economist's View — ... NY Times Leonhardt: The Optimistic View - Calculated Risk Looking Past a Cloud of Pessimism as a Recession Ends - NYTimes.com ...

Current economic conditions
Econbrowser — ... I remain convinced that the key indicator for a normal recovery will be a resumption of growth in U.S. employment. Unfortunately, ADP is estimating that the U.S. lost 203,000 private-sector jobs in October on a seasonally adjusted basis. Bill McBride says we are a long way from normal. And I say, don't bet against Bill McBride.

Where do We come from, and where do We go?
Lawrance G. Lux — I would first tell the kids that economists really do try to get it right, a real effort is involved. Here is a Post which gives some indication of How well those aspirations are treated by the cruel, cruel world. I have ventured into the mythical land of forecasts often, mostly to the sound of laughter. I think it was Henny Youngman (I know you kids have never heard of him) who said it was better to be paid for the laughter generated when you were trying to be serious, than to be humorous at a funeral. I agree with Calculated Risk that We are a long way from ...

Wednesday links: one year later
Abnormal Returns — ... were for independent directors and company CEOs.  (SSRN) Bankrupt companies that have activist hedge funds as their major creditors outperform.  (All About Alpha) David Leonhardt, “So it’s a good time to remember that when an economy is just coming out of recession, its weaknesses are always more obvious than its potential strengths.”  (NYTimes also Calculated Risk) The US recovery is “underway” but is ...

I'm not sure what the moral of this is, but ...
Paul Krugman — ... unearths a Times article from 1982 that warned that we might never have a decent recovery. OK, although I’m with Calculated Risk : we’re really in a liquidity trap now, which means that it’s much harder for the Fed to turn things around. But while looking back at that old Times article, my memory was jogging me, and sure enough I found an article from earlier in 1982 titled “ ...