This is the second part of the series started with this post. It is well worth it to begin by reading the first part, as it lays… Read more “Surprise! Recession II”
Tag: Recession
…and You Thought I was Grim
Karl Smith at Modeled Behavior took the time to make a comment about my post on the US fiscal situation, in which he comes to two differing… Read more “…and You Thought I was Grim”
Surprise! Recession
Update: x is now defined! See below. Warning, very wonkish. This will be the first in a series laying out the math of complexity systems, and how… Read more “Surprise! Recession”
You Were Not Invited
Ever wonder what it would be like to have Paul Krugman throw a party and then not invite you? Well that happened to me, today…but since I… Read more “You Were Not Invited”
Pleasantries
It is not often that I agree with the the way Paul Krugman envisions the world, at least superficially — or through the lens of politics. However,… Read more “Pleasantries”
Sentences to Ponder
This is from an argument by Kevin Drum about the size of banks: It’s true that I think trying to break up big banks is politically unfeasible,… Read more “Sentences to Ponder”
Quick TIPS
For those of you who like to use the TIPS spread as an indicator of inflation expectations: [Click image to enlarge] The average is tracked by the… Read more “Quick TIPS”
Falling NGDP Makes Mountains out of Mole Hills
Further verification that the cause of the deepest part of the recession (2008Q3 onward) was tight money causing falling NGDP. Check out this map, courtesy of Mark… Read more “Falling NGDP Makes Mountains out of Mole Hills”
Liquidity Traps are for Suckers
I intend this to be a two part series: the first will outline some recent commentary on liquidity traps and how taken together, the signify a larger… Read more “Liquidity Traps are for Suckers”
Shoot Yourself in the (Glass) Foot? Blame a Guy Named Steagall.
Eugene White, one of the greatest economic historians I can think of, tells the story of Glass-Stegall. Also in this series, and by a guy named White:… Read more “Shoot Yourself in the (Glass) Foot? Blame a Guy Named Steagall.”