We Need a Care Package!
We've built an economy that depends on unpaid and underpaid care, but penalizes the people who provide it.
Latest news (Page 102)
More on Craziness of China's Stimulus
From The Financial Times. Here's a taste: This was thanks largely to the government's Rmb4,000bn
Today's Indicators
US Consumer Confidence surges above 50 in August; considerably fewer say jobs "hard to get." Go figure. In
It's Better than the Alternative
...to wit, nominiating Lawrence Summers. From Reuters: Obama renominates Bernanke as Fed chief Tue Aug 25, 2009 9:55am EDT
China To Keep Lending
This is just weeks after asserting (or emphasizing?) the contrary. The Chinese are really dancing on a tightrope, here. I
Strange Things Afoot in the Bond Market
From Bloomberg: Bond Bears Dumping Two-Year Treasuries Defy History (Update3) By Oliver Biggadike and Daniel Kruger Aug. 24 (Bloomberg) Bond
NYT on High Frequency Trading
Arrest Over Software Illuminates Wall St. Secret By ALEX BERENSON Published: August 23, 2009 New York Times Flying home to
Today's Reads: Morgenson, Roubini, Muenchau
Morgenson cautions us on hopes for recovery in the banking sector Roubini wonders if whether the recession will be "
CBO: 2009 Deficit Down, 10-Year up by $2 Trillion
From Reuters: New deficit projections pose risks to Obama's agenda Mon Aug 24, 2009 8:06am EDT By
This Week's Economic Indicators
Before we get to the recognized indicators, some non-indicator news worthy on note (i.e. these things will probably affect
One More for The Road: Global Stimulus
On the plus side, German business sentiment and Eurozone purchasing managers' index readings expanded at unexpectedly rapid rates according
Administrative Note
There may not be much blogging this weekend, as I'm taking the weekend off. A pleasant weekend to
Great Stuff in Today's FT
First, Gillian Tett's appreciation of the contorted dialectics of finance (she quotes Bourdieu!). Spencer Jakab on a shift