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What Next For The Global Crisis?
Slides for speech to World Bank conference (Lessons from East Asia and the Global Financial Crisis), Tuesday in Seoul (1pm local time), are attached . This post summarizes my main points. There are two views of the global financial crisis and – more importantly – of what comes next. The ...
Long-Term Budget Outlook
cboblog.cbo.gov — Today CBO released the Long-Term Budget Outlook . Under current law, the federal budget is on an... unsustainable path—meaning that federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds ... (more) Long-Term Budget Outlook
The financial return on energy invested
europe.theoildrum.com — Global GDP data from the USDA. Primary energy data and energy prices from the BP statistical reveiw... of world energy 2009. Global GDP has grown steadily and continuously since WWII, in step with a growing global population and primary energy ... (more) The financial return on energy invested
Did rising oil prices trigger the current recession?
Did rising oil prices trigger the current recession?
VoxEU.org — James D. Hamilton , 16 June 2009 Past oil price spikes associated with Middle East conflicts and... OPEC embargos were each followed by a global economic recession. This column argues that the onset of the current economic downturn of is also partly ... (more) Did rising oil prices trigger the current recession?
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Tuesday links: mistakes traders make
Abnormal Returns — ... “We need to disengage from a financial sector that has become unsustainably large..”  (Baseline Scenario) ...

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