Libertarian Democrat Point Of View: An Eccentricity

On this blog, I post stories, comments, anything that interests me. Sometimes, I comment upon them. I post the entire story, column, or whatever, in order to save it for my reference. On the right are comments, blogs, etc., that I find useful, or that express what qualify as my opinions. Feel free to contact me via the comment option. Rest assured, you will be treated civilly. On this blog, the assumption is that, properly presented, anyone can understand anything.

Thursday, October 30, 2008

"Spending on national defense was the biggest positive contributor to the third quarter's economic numbers"

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From Zubin Jelveh : " Good Thing We're Fighting a War Otherwise GDP contraction would have been even greater in the third quarter....

"To add insult to injury the US government is now paying 2-3 percentage points less on its short term debt "

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Weren't we advised not to compete against each other in this crisis. From Vox, Daniel Gros and Stefano Micoss i: " The plunging eur...

"if it took only two weeks for the federal government to find $700 billion to bail out Wall Street "

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Here's something you can count on hearing a lot in the future : “I firmly believe that if it took only two weeks for the federal governm...
Wednesday, October 29, 2008

"“You don’t just suddenly lose $120 billion overnight,”"

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A post on the NY Times by Mary Williams Walsh about how AIG is spending its money from you know who : "The American International Group...

"The important thing to know about Mrs Watanabe is that, temporarily at least, she has all but stopped flapping her wings"

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Who is Mrs. Watanabe? "Mrs Watanabe is crude shorthand for Japan’s $15,000bn pool of savings, the deepest in the world and worth more t...

"and being taken aback by the amount of buying on margin in which ordinary Japanese investors were indulging."

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Japanese investors also invested in the carry trade, and the rise of the yen has caused them some problems. John Gapper in the FT : The abru...

"the Bank of England was free to cut interest rates without fear of breaching its inflation targets"

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Via Alphaville, signs of a credit slowdown in Britain : "Meanwhile, in the latest sign that the financial crisis has spread to become a...

"We have a presumption against government regulation, which can be rebutted by showing long-term social improvements"

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Richard Epstein on Forbes about Jacob Weisberg on Slate. I actually posted on Slate about this, and received a few ludicrous comments. I hav...

"This figure shows the money multiplier peaked the week of 6/4/08 and begin a sharp descent in late August."

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Peter Dorman on EconoSpeak about TARP, the credit stimulus plan without a stimulus : Peter Dorman said... It's actually worse than ...

"estimates of how effective various types of economic stimulus plans would be."

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Catherine Rampell in the NY Times on the power of various stimulus expenditures : "This chart shows the bang for the buck that the gove...

"``The Fed is making dollars available to the central banks of these countries who are trying to meet the needs of their banking systems.''

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We've discussed Swap lines to various smaller countries from the Fed in discussing: Soros: 2) Swap lines from big countries to small cou...

"only if there is a greater than 50 per cent chance that the company will be profitable in the next fiscal year."

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Here's a theme you're going hear quite often in the near future. The government investment is going to end up being a big loss. From...

"“It simply beggars belief that the car lobbyists now come cap in hand "

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This is getting hilarious. Check this out, from the FT : "European carmakers could get up to €40bn ($52bn, £31bn) in “soft loans” from ...

Add VRDN's To Our Alphabet Soup

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Did I mention hospitals? From the FT : "US hospitals may be forced to buy back more than $8bn (£5bn, €2bn) of debt as a result of turmo...

"Mr Erhardt said there were about $300bn in fund losses to the end of this month."

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And the ripples just keep on coming. From the FT : "US companies will need to inject more than $100bn into their pension funds to cover...

"Howard Baker famously called Ronald Reagan’s tax cuts a “riverboat gamble"

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I'm worried about David Boaz having a meltdown himself : "And if you tax Americans to bail out as many Americans as we’re now talki...

"IMF officials said it would benefit a “discrete and not particularly large group” of nations. "

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Here's good news from the FT : "The International Monetary Fund was on Wednesday set to approve a new emergency lending programme w...

Don't They Ever Read The Comments?

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Reason list the presidential choices of their staff : "By my count that's three definitely for Barr, three definitely for Obama, on...

"just so long as no mortgages were hedged with CDS. ": Not Likely

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Felix Salmon on whether CDS's have become the lead villain in our play : "For those of you who like your CDS exposés presented in t...

"The way to do so is through the shared appreciation mortgage, or SAM. " Sam I Am.

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Greg Mankiw considers a proposal to renegotiate mortgages and stop foreclosures : "I can see the attraction of these ideas, but I have ...

"finishing the Doha Round WTO negotiations would both provide a boost to the world economy "

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Matt Yglesias downplays the importance of free trade and Doha : "Trade is an interesting subject, but it just not a policy area likely ...

"the Federal Reserve can prevent it, should prevent it, and will prevent it."

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James Hamilton on Econbrowser weighs in on deflation risk : "In a general deflation, the purchasing power of a dollar bill goes higher ...

"According to the researchers, the revised index doesn’t do a better job of reflecting presidential approval ratings than the original."

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So, now, along with the Consumer Confidence Index, which is at its lowest point in history , and the VIX is to to its highest point in decad...

"Almost half of U.S. homeowners think their homes are insulated from the broader national decline in prices, according to a survey by real-estate Web

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From the WSJ, more on the irrationality front : “The human irrationality in terms of pricing and valuing what is ours has always been a barr...

I Don't Work In AIG Crap

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I want to do a little thought experiment, just as food for thought. Let me begin by saying that: 1) I'm no fan of AIG 2) I don't sup...

"Barclays non-governmental recapitalisation efforts don’t exactly appear to be thundering forward."

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Interesting post on Alphaville about banks not taking bailout money and how they're doing in getting investment : " To bailout or n...

"We have continued to tweak our underwriting models and to the recalibrate models this may be unstable."

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From Free Exchange : "Emphasis Calculated Risk's (I think). But here's the bit that really grabbed my attention: Lenders are sh...

"There are a couple of problems with this argument"

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Felix Salmon is right on the money this morning : "Paul Kedrosky has a peculiar argument today, saying that banks shouldn't lend ...
2 comments:
Tuesday, October 28, 2008

"I want to return to the issue of multipliers, discussed in nearly a year ago."

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Menzie Chinn on Econbrowser addresses the question of the usefulness and timeliness of infrastructure spending in a stimulus package: ...

"The financial crisis is draining the rich of some of their riches."

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Robert Frank on income inequality in the WSJ : "Some economists say it would be wrong to abandon efforts to restrain inequality based o...

"it may soon be time to rename the list."

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Catherine Rampell in the NY Times : "ProPublica has been keeping an extensive list of the banks that have announced participation in th...

""securitization" of assets and "safe" financial derivatives"

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This is Kevin Phillips on Huffington : "Worse still, the policies that Paulson and Bernanke did implement at such staggering cost have ...

"Having acted, the government will then quickly need to stabilize the rules that enable and encourage private action."

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Via Arnold Kling on EconLog, an interesting post by Robert McDonald on Kellog Insight : "There is an irony and a danger here. At this t...

"special drawing rights or some other form of international reserves on a large scale"

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Soros sounding a lot like Sachs in the FT : "The global financial system as it is currently constituted is characterised by a perniciou...

"And if his son has a similar job, he makes less than the father did two decades back."

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Interesting post on ChumpChanger : "Talk of a GM and Chrysler merger is heating up, the premise being that somehow two companies gaspin...

"but it needs to be one that makes the markets function better, not worse"

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Edward L. Glaeser with a look at regulation in the NY Times : "While there is no question that the current regulatory framework produce...

"I have repeatedly explained that those funds are impotent, or perhaps even a bit counterproductive"

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Casey Mulligan argues for the effectiveness of placebos : "Most economists felt better that the Treasury had big plans and had even twe...

"‘Had it not been for the government’s help in refinancing their debt, they may not have had the cash to pay bonuses.’”

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Henry, I'm always investigating the horse after it's out the barn door, Waxman, gets really tough with TARP recipients : "Repre...

"Economists call it median wage stagnation. Others dub it the “silent recession”. "

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Edward Luce in the FT about median wage stagnation : "In contrast to the Clinton years – when there was some growth in median income, a...

"rotating OUT of bonds and INTO stocks. "

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From Alphaville, I didn't get this one : " Is this the real reason for today’s equity market gains? From an email currently ci...

"the twin pearls of wisdom that you can’t beat the market (and shouldn’t try) and then equities go up in value over the long run "

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Matt Yglesias on investing : "But, really, where does this leave the idea that stocks go up in the long-run? The weird thing about it i...

"how far off are the economics on the deals you just signed versus what they would have been say at the peak on a percentage basis."

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Via Calculated Risk, an unintentionally funny set of responses they caught : "The CRE version of stated income loans involved lending o...

" But at this point, that's all I've really got: priors."

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Don Boudreaux with a sensible post on Cafe Hayek : " There's been a rush to blame free markets , even laissez faire libertarianism,...

"And banks exist to lend money," White House press secretary Dana Perino said."

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John Carney on Clusterstock : "The government guys are getting really annoyed that their plan isn't working out. AP: An impatient ...
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