On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read #1
Calculated Risk has a table, using a method similar to Okun's Law from researcher Jan Hatzius, to show what kind of GDP growth is required to generate jobs. 6% GDP growth just to drop the unemployment rate to ~8%. See this post on how Okun's Law is not correlating well this recession.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read #1
James Hamilton, over at Econbrowser has a easy to read, lots of graphs analysis post on some recent reports on auto sales, home sales, ADP jobs report in Anemic Recovery. If I wrote up my own thoughts on many of these reports, it would be almost identical so check out his site. Here's one:
I'm seeing the same story in new home sales. These are up on a seasonally adjusted basis mostly because they had previously been so very low, not because the market is remotely back to normal.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read #1
Paul Krugman hits it out the park to prove Reaganomics did not do this nation, especially the middle class, a lot of good. Read Reagan! Reagan! Reagan! I must also borrow Krugman's graph on the history of tariffs in the U.S.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
The NAHB has also been arguing to expand the tax credit from $8,000 to $15,000. But using $8,000 per home buyer - and estimating 5 million home sales over the next year - the total cost of the tax credit would be $40 billion.
According to the NAHB this would result in 383,000 additional home sales. Dividing $40 billion by 383 thousand gives $104,400 per additional home sold!
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read #1
Chris Whalen says Q4, 2009 will be a bloodbath for banks. It's a long video interview talking about how the original bank problems have been simply put off but have not gone away. This is completely contrary to Goldman Sachs upgrades on TARP banking companies recently. He also says the real U.S. economy is dying.
This is a major h/t from Naked Capitalism who expands on the prediction. This quote:
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did. With that, EP is starting the infamous link post series, otherwise known as read this, did you see this? The title of the links series will be the title of this post with the date modified. With introductions over, onto the read this post!
Must Read #1
Over on Naked Capitalism is a guest post The Real Reason Giant Insolvent Banks are not Being Broken Up. He has a host of bullet points as to why the obvious hasn't happened and no, it's not because the governent's hands are tied. Just one quote:
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