Archive for May, 2009:

The Paradox of Thrift: Is Saving Money Bad for the Economy?

{ Posted on May 28 2009 by Trent }
Two years ago (in those economic halcyon days before the so-called “Great Recession”), I wrote a short article entitled Is Not Spending Money Bad for the Economy? In it, I largely concluded (by my own logic) that not spending ...Read More »

More Thoughts on Potential GDP and the Output Gap

{ Posted on May 28 2009 by Menzie Chinn }
In several past posts, I've been taken to task for using the CBO measure of the output gap (and the associated measure of potential GDP) [0] [1]. Some criticize the false sense of certainty that is provided by the official ...Read More »

Mounting Speculation That Republican Chrysler Dealers Were Targeted

{ Posted on May 28 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Earlier this week we mentioned an internet-borne conspiracy theory that the Chrysler dealership closings had a partisan tilt. Basically, some blogs believed that dealers who donated to Republicans were heavily represented on the list of closed dealers. We were pretty skeptical, ...Read More »

Brad DeLong Raises the Jolly Roger

{ Posted on May 28 2009 by Robert }
Categories : All, Angry Bear

Morgan Stanley Hires NY Jets Wide Receiver Wayne Chrebet

{ Posted on May 28 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Morgan Stanley (MS) has hired Wayne Chrebet, the former New York Jets wide receiver, to be a financial advisor at its Red Bank, NJ office. Technically, Chrebet has been with Morgan Stanley for six months, but he only just passed the ...Read More »

Morgan Stanley Hires NY Jets Wide Receiver Wayne Chrebet

{ Posted on May 28 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Morgan Stanley (MS) has hired Wayne Chrebet, the former New York Jets wide receiver, to be a financial advisor at its Red Bank, NJ office. Technically, Chrebet has been with Morgan Stanley for six months, but he only just passed the ...Read More »

SEC Charges 10 Brokers with Fraud for Disguising Risks of Investing in Mortgage-Backed Securities

{ Posted on May 28 2009 by SEC.gov Updates: Press Releases }
Tags : , ,
Categories : All, SEC.gov Updates
The Securities and Exchange Commission today charged 10 brokers with fraud for falsely marketing investments in derivatives of mortgage-backed securities as safe and suitable for retirees and others with conservative investment goals. Read More »

Your Field Guide To The Mortgage Collapse

{ Posted on May 28 2009 by Henry Blodget }
Categories : All, Clusterstock
The housing market is crashing, and it's taking us, our banks, our economy, and our government down with it.  Why?  Because of the debt!  The value of our houses is plummeting, but the value of our debt is staying just ...Read More »

Your Field Guide To The Mortgage Collapse

{ Posted on May 28 2009 by Henry Blodget }
Categories : All, Clusterstock
The housing market is crashing, and it's taking us, our banks, our economy, and our government down with it.  Why?  Because of the debt!  The value of our houses is plummeting, but the value of our debt is staying just ...Read More »

Remember When Financial Stocks Moved A Lot?

{ Posted on May 28 2009 by Joe Weisenthal }
Categories : All, Clusterstock
Flash back a month ago. If the market was up one day, the financial stocks were up huge. Go back four months, and on days when the market was down, the bank stocks got crushed. Now you hear barely a peep ...Read More »