Archive for the ‘recovery’ Category:

The Flaw in the Reasoning…

{ Posted on Dec 02 2011 by Ken Houghton }
Brad DeLong (pulled from an otherwise-spot-on post):Two years ago, after all, the recession was over. The Recovery:I started these from the first month after NBER's recession end date. Note that there is one true, consistent growth line—sadly, that's the mean ...Read More »

A Brain-Dead "Financial Reporter" at NPR Defines the Problem

{ Posted on Oct 12 2011 by Ken Houghton }
Via Doctor Black, who printed the answer but not the question:PIGNAL: This is actually the second bailout for Dexia. In 2008, it had to be bailed out after exceptionally imprudent investing, including in U.S. subprime mortgages. This time around, it ...Read More »

Sheer Idiocy, European (and American) Style

{ Posted on Aug 31 2011 by Ken Houghton }
It's rare to see theft described so directly: Proposals made in July by the Basel Committee on Banking Supervision should be redrafted to allow banks to use so-called contingent capital to meet the obligations, the European Banking Federation said in a ...Read More »

Spot Effing On, as The Mainstreamers Edge Leftward

{ Posted on Jun 23 2011 by Ken Houghton }
We have just printed the eleventh (11th) straight week in which new jobless claims have exceeded 400,000 people. As Krugman notes, "The Fed predicts disastrously high unemployment as far as the eye can see(pdf) [a]nd, in response to this dire ...Read More »

Monetary Policy. I’m not only not feeling it, I’m dehydrating because of it.

{ Posted on Jun 09 2011 by Divorced one like Bush }
by Daniel Becker Continuing my prior post suggesting that what ever monetary policy has done, it has not reached that vast majority nor has it addressed what is the main issue, I viewed this chart by Mike Kimel and thought: ...Read More »

The Future of the Fed

{ Posted on Apr 27 2011 by Ken Houghton }
Spent the morning at this event: presentations and discussion by Joe Stiglitz, Yves Smith, Mike Konczal, Joe Gagnon, Matt Yglesias, Tom Palley, and many others.Mike K. tole me he expects that video will be available this evening, at least of ...Read More »

Thought-Experiment of the Day

{ Posted on Apr 04 2011 by Ken Houghton }
It's no secret I'm not a fan of the birth-death adjustment to the employment serieses: not from a necessary belief that they're biased, but rather because they give the lie to the illusion of accurate monthly data. But imagine for the ...Read More »

Feeling Hopeful About the Recovery

{ Posted on Feb 14 2011 by Kash }
Crossposted at The Street Light.The more I get to know this recovery, the more I’m starting to like it.Yes, it’s been rather standoffish, giving the cold shoulder to millions of unemployed Americans. And true, through much of 2010 it was ...Read More »

David Streitfeld Knows Better than This

{ Posted on Feb 14 2011 by Ken Houghton }
The NYT moves deeply into delusion:The rolling real estate crash that ravaged Florida and the Southwest is delivering a new wave of distress to communities once thought to be immune— economically diversified cities where the boom was relatively restrained.In the ...Read More »

The Real State of the Union. Mr. President, I suggest for you: Flowers.

{ Posted on Jan 24 2011 by Divorced one like Bush }
By: Daniel Becker Well, it's that time of year again. The State of the Union. And the state of my business. So far, from what I'm reading regarding the expected content of the address by President Obama, I think I'll just ...Read More »