Europe’s Debtor Prison, Part 2
“According to ABI the value of total loans issued, 1.467 billion euros, represented a 2.5% drop on the December value and was largely the result of the continuing recession in Italy. “Meanwhile, for the current year ABI researchers said their forecasts of a 0.6% contraction in the economy would likely be revised for the worse .. read more
Am I A Keynesian?
Suzy Khimm has a post at the Washington Post’s Wonkblog that says if you’re worried about the fiscal cliff, you are by definition a Keynesian: The reason the fiscal cliff is such a threat to 2013′s economy isn’t that it’s too little deficit reduction — it’s that it’s too much all at once, totaling about .. read more
Thinking Things Over: There’s a Brighter Future Ahead….but When?
Thinking Things Over June 4, 2012 Volume II, Number 22: There’s a Brighter Future Ahead….but When? By John L. Chapman, Ph.D. Washington, D.C. In a world of pure theory, stock and bond prices rise and fall according to the fundamentals of market reality, and exclusively so. The strength of profits and free cash flow, sustainability of .. read more
Rational Expectations
While catching up on some reading, this Op-ed in the WSJ rang so true with me that I wanted to share. In the article Holman W. Jenkins, Jr relates a recent sit down he had with Nobel-winning economist Robert Lucas of the University of Chicago. Some insights from the article: When modelling an economy you .. read more
US Pushing For Global Stimulus
Via WSJ (HT- Doug Terry): WASHINGTON — The U.S. will press world leaders to boost emergency government spending to lift the global economy, risking a rift with European nations more concerned with revamping financial regulation. U.S. officials, who could receive support from China and other countries with big stimulus programs, contend additional government spending is .. read more
