bloomberg.com - 11/17/2008
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Commentary by Kevin Hassett Nov. 17 (Bloomberg) -- When times are bad, you find out who you are. In some sense, economics is like sports. Sometimes you get slaughtered, but if you believe in yourself and keep fighting, you can win again. A look at U.S. history suggests that even during the worst ...
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 ...
alephblog.com - 11/20/2008
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alephblog.com —
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 ...
(more)
It’s Called a Depression
calculatedrisk.blogspot.com - 11/10/2008
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calculatedrisk.blogspot.com —
Since investment in non-residential structures is slowing (especially
malls, hotels, and offices), a key question is how
did the commercial real estate (CRE) investment boom compare to the residential housing bubble? And how did the CRE boom compare ...
(more)
The Commercial Real Estate Bust
Comments
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Monday's Daily News
Club for Growth —
THE DAILY NEWS
Pelosi Serves Up Colombia To Europe - IBD Editorial
China's News Concession - Wall Street Journal Editorial
Credit Markets Stalled While Waiting Game Played - Russ Roberts, NPR
Crisis Lets Dems Push Old Agendas - Amity Shlaes, New York Post
Recession Will Be Less Damaging Without Bailouts - K. Hassett, Bloomberg
The 11 Blunders of Hank Paulson - James Pethokoukis, U.S. News
'Socialism'? It's Already Here - George Will, Washington Post
Two Very Dangerous Words: "Fair" and "Fairness" - Mark Perry, Carpe ...
A Puzzle: Posed and Solved
Division of Labour —
I had just read this in a thoughtful column by Kevin Hassett: The U.S. has always distinguished itself relative to its major trading partners by having a higher faith in free markets and a greater respect for the limits of big government. Sure, the U.S. passed a stimulus package now and then, but it also let failure run its course and refused to resort to excessive big- government intrusions into the private sector. The risk is that we will forget this lesson. First we bailed out the financial companies; now President-elect Barack Obama is asking for $50 billion to bail out ...
Related Content
News
bloomberg.com 9/22/2008 — How the Democrats Created the Financial Crisis: Kevin Hassett Commentary by Kevin Hassett Sept. 22 (Bloomberg) -- The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American ...
Financial Crisis and Recession
woodwardhall.wordpress.com 12/11/2008 — The Obama administration’s focus on infrastructure spending raises the natural question of the effect of government purchases on total GDP. Does government spending stimulate other categories of spending, especially consumer spending? Or does ...
The oil shock and recession of 2008: Part 2
econbrowser.com 1/3/2009 — In my previous post , I presented evidence that the oil price increase over 2007:H2-2008:H1 made a significant contribution to the slowdown in consumption spending in general and decline in spending on domestic automobiles in particular. Here I ...
Why is real GDP growing in a recession?
businessweek.com 12/3/2008 — As I noted yesterday, we have now been in recession for a year, but reported real GDP has actually risen. How can that be? I've looked a bit deeper into this. One of the big problems, I think, is the...
The U.S. Didn’t Cause the World Recession
cato-at-liberty.org 2/23/2009 — In the Washington Post , Ricardo Caballero of MIT has a novel and promising idea about “How to Lift a Falling Economy.” Unfortunately, he echoes the mantra that all the world’s economic problems can be traced to the U.S. in general, and ...
Hungary’s Second Recession In Two Years Worsens
fistfulofeuros.net 2/14/2009 — Hungary’s gross domestic product fell by 2.1% year on year in the fourth quarter of 2008 following a 0.7% increase in Q3, according to the first estimate by the Central Statistics Office (KSH). Quarter on quarter GDP fell by 1.0% GDP, even more ...
A V-shaped recession?
econbrowser.com 7/2/2009 — 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 ...
Good economic news?
econbrowser.com 4/30/2009 — Today's GDP numbers were about what I was expecting. Although economic activity continued its sharp decline, if we continue to follow the script, things should improve.
The Bureau of Economic Analysis reported today that U.S. real GDP fell at a ...
U.S. GDP
measuringworth.org 3/14/2009 — Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country during a given time period. There are two ways to measure GDP: Nominal GDP is the dollar value of production at current-year prices. For ...
GDP Negative as Consumer Spending Falls 3.1%
globaleconomicanalysis.blogspot.com 10/31/2008 — The US economy is sinking fast. We did no need to see the GDP numbers to know that but the figures are out. Here are the Third Quarter 2008 Advance GDP Numbers . Real gross domestic product -- the output of goods and services produced by labor and ...
Economists Promise Recession for Christmas —
The Big Money 11/17/2008
More bad news to start the week: the U.S. economy will shrink further over the next two quarters, extending the current slump into early 2009, with the unemployment rate expected to peak at 7.5 percent, according to a new poll of economists ...
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