Sorry for being imprecise. I meant stimulus in the traditional Keynesian sense of govt spending. I think only 20-30% (or maybe less) actually...
Oh, so you expect me to follow my own advice? How stupid do you think I am? That was a rhetorical question. :D I guess I'm cautiously...
Great article. I love the author's style. There was also a recent thread where the role of the consumer was discussed -...
This is just my opinion and is based solely on spending 3-4 hrs a day watching Bloomberg, reading the financial press and having just enough...
That's an astute observation in as much as I didn't consciously realize that's what I was doing. I'm sort of like yin and yang on tap. Too...
Those are all good points. I might even meet you more than half way as to some of your interpretations of the facts. BUT, the worst disease...
Here is the definition of GDP You don't see an entry for debt anywhere in there. It is only indirectly related to GDP through the other...
The point is that spending is not as elastic as one might think. I'm not saying that deleveraging will have NO effect. I'm saying that...
Just out of curiosity I decided to look at how consumer spending breaks down. The most recent data is from 2007, but if you look at how much is...
This is just anecdotal AFAIK. I don't think I've seen any hard numbers. Supposedly, with the weak dollar, the US is becoming a prime tourist...
I think they're like the pyro who sets a building on fire and then rescues the people inside. Technically, he saved their lives, but they were...
What exactly are you asking? Apparently it has something to do with bank holdings in CMBS or commercial paper or something along those lines....
I can't remember the analyst's name or his firm, but he was on this afternoon on the show hosted by Pim Fox - "taking stock". He's predicting...
Just when you finally convince people that Jersey is more than the turnpike and mobsters, something like this comes along. But at least the...
My timing has always sucked but I'll give it a stab. And if you want to make fun of me later when I'm wrong, I'll just point to this caveat. I...
The point is that they don't have to raise rates. The M1 multiplier is just barely above one. So the excess liquidity isn't coursing through...
How exactly is this bad? China spending down reserves seems like the proverbial win-win. Prices on everything from capital goods to real...
I think the current estimates are all wrong. The inflation game is a psychological war, not a boots-on-the-ground kind of war. Remember what...
economists are at a tactical disadvantage because the rules of the game keep changing and the amount of arguably accurate information available is...
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