ShareLast night I wrote an article reminding you that downside risk remains in the global economy.  While I have been singing a more bullish tune in regards to the prospect of a technical recovery in 2009, I am concerned about a double dip as a likely outcome.
And for the record, I have said I see [...]

Below is a clip from the World Affairs Council meeting in Oregon with Paul Krugman as keynote speaker. The clip runs 1 hour and 34 minutes. However, Krugman’s piece, which is the centerpiece starts at about 13 minutes. And runs through his ideas first before they open it up to questions. Well worth a look.

Update 07 Mar 2009: I am re-posting this in light of increasing evidence that Obama’s stimulus bill was in fact too small. Paul Krugman has a good post today called “One-sided debate,” which reminds us he made that argument but was essentially ignored.

President-elect Barack Obama has won plaudits for his management skills as he prepares for office in less than two weeks. However, his stimulus bill is coming under fire from both the right and the left. On the left, Paul Krugman is critical about the high proportion of so-called stimulus that Obama’s proposal gets from tax cuts. On the right, Republicans like the fact that Obama is not only living up to his tax cut promises for the middle class but is also delaying a return to pre-Bush tax levels for the wealthy. However, there is pause within Republican ranks about the size of this package and the debt load that will go along with it.

On a recent Bloomberg Radio with Tom Keene broadcast, Harvey Pitt and Arthur Levitt, two former SEC Chairman were guests. Levitt made the suggestion that hedge funds had once been given the choice of “regulation-light” or “regulation-heavy.” Now, in the wake of the Madoff scandal, “regulation-heavy” is all but assured. But, isn’t this just?

ShareNow that policy makers worldwide have finally stepped in to stop the bleeding, we have had a relief rally of monumental proportions. Most global indices were deep into oversold territory, meaning that there was lots of pent-up demand for a turn to the upside. A big rally to the upside was baked into [...]

ShareThis morning I woke up and was listening to Bloomberg Radio in bed when I heard Robert Shiller and John Ryding talking about about Paul Krugman. I quickly realized he was the Nobel Laureate in Economics for this year. Krugman, the Princeton Professor, is much better known for his leftist politics today than for [...]

ShareThe complete and utter failure of owners’ equivalent rent – Tim Iacono
Inflation Versus Deflation: The Debate Continues – naked capitalism
Dark Star – Bank Implode-O-Meter
July Jump in CPI Suggests Third Quarter Growth Could be Negative – Dean Baker
The impact of the 2008 rebate – Vox
Central Bank Spam – Big Picture
Prospect online this week – First [...]

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Soros: Oil Is a Bubble, But Crash Not Imminent
Tuesday, June 03, 2008 7:50 AM

Oil is a “bubble in the making”, but the crash is “not imminent”.
That’s what George Soros will say when he testifies at a hearing in front of U.S. Senators today at 10 AM regarding energy market manipulation.

Toll Brothers (TOL): Another Lousy [...]

ShareHas Oil Production Reached a ‘De Facto’ Peak?
Monday, June 02, 2008 5:10 PM

Jim Kingsdale submits:
Someone please call the English Department to come save the world’s oil analysts. Words are failing them.
On one side of the net are analysts looking at graphs of oil production and saying something along the lines of Boone Pickins’ recent [...]