S&P Downgrade, Another Move in a High Stakes Game of Chicken
My inaugural post was meant to be so different. I was planning to pay homage to Andreas Schleicher who has done extensive analysis on education using data from the international PISA scores....
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Setting the stage for QE III?
Despite dissension and many legitimate questions about the efficacy of continued non-standard monetary policy tools the Fed is, in our view, very likely to seek additional tools to stimulate growth....
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They tried to make me go to rehab and I said “No, no, no”
We found it curious that in the days since S&P downgraded the US, the S&P has recovered all but 50 points of its drop and the US 10-year yield has gone from slightly over 2.50% to below 2.10%....
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Perception vs Reality – Is There Really an Inflation Worry?
This week’s release of CPI and PPI confirmed our worst fears that inflation would persist despite a weak economy. A full 45% of people surveyed by Kathleen Hays’ show, The Hays Advantage, said that...
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A Bank Rescue Plan for Europe: The Ultimate Price Tag?
We have been saying for some time that Europe needs to come up with a pan-European plan to rescue its banks if it truly wants to put its sovereign debt problems to rest. This is necessary for the...
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And Now for a Bit on China…
The situation in Europe is of such a magnitude that it has dominated our focus in recent months. However global investors must not lose sight of China. China’s stimulus in 2009 contributed to a global...
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US Credit and Economic Views: It’s the Housing Market Stupid
In the wake of the last real estate crisis in the United States, the Savings and Loan Crisis, house prices also declined (along with commercial real estate) and the economy was a major topic of the...
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Three things that could change the US outlook for the better. A dispatch from...
I had the great pleasure to co-chair the 2012 National Association of Business Economics Annual Meeting committee this year. The meeting was 3 days of presentations from top economists from industry,...
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The Fiscal Bunny Slope – Whether a Patch or a Grand Bargain, there ain’t...
The Fiscal Bunny Slope – Whether a Patch or a Grand Bargain, there ain’t gonna be no cliff. Just call me Dr. Pangloss; in fact, a few weeks ago someone did just that when I said among other things we...
View ArticleIs Cyprus Europe’s Lehman?
During the summer of 2008 when Lehman began to have trouble, it was offered a lifeline; a loan from Warren Buffet that Lehman CEO Dick Fuld thought was too punitive. When Lehman’s troubles became life...
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