More relevant for this community, however, is Lynn's unique and intimate perspective on the dire state of our economy and the solutions needed to support American industry and spur long-term job creation.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did. This week has damning posts on tax avoidance through offshore outsourcing.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
Tonight's documentary is a 3 part film by BBC's Evan Davis, The City Uncovered, which explores the roots of the financial crisis, U.K. style. Davis goes into hedge funds, risk management & derivatives. He also describes how prices (who sets the prices?) operate in the global financial system.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
The Atlanta Fed blog looked deeper into the inventory question after wholesale inventories came up plus the fact most of Q4 2009 GDP was inventories.
It's sometimes amusing to see how hard the media tries to spin bad news into good news. For instance, this article from ABC today.
(Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
It sounds like good news, huh? There's just one problem: the foreclosures report that was released today concerned the whole first quarter, including March numbers.
Since when did the news media start preferring outdated data over recent data?
A new Congressional Oversight Panel report states what we and others have been writing for months, the Treasury's HAMP program to keep people out of foreclosures isn't working.
The crisis is not yet showing signs of abating. - Elizabeth Warren
The IMF has been making a lot of noise recently, but their biggest move almost managed to slip through completely unnoticed.
The Executive Board of the International Monetary Fund (IMF) today approved a ten-fold expansion of the Fund’s New Arrangements to Borrow (NAB) and the transformation of the Fund’s premier standing credit arrangement into a more flexible and effective tool of crisis management. The NAB will be increased by SDR 333.5 billion (about US$500 billion) to SDR 367.5 billion (about US$550 billion), representing a major increase in the resources available for the Fund’s lending to its members.
Part #2 of Understanding Capitalism and Socialism (Part 1) by Joaquin
Now that Republicans are starting to talk about restoring Reaganomics, it is a good time to review Reaganomics; i.e., Supply Side Capitalism. This is number two of my technical essays about how the world works. Today we will explore how supply side economics will save the world. So let's get to it.
As expected, the China March trade deficit is being used as political cannon fodder to claim China does not manipulate it's currency. (Uh, yes they do).
The $7.24 billion trade deficit in March reported Saturday by China's customs administration was China's first since a $2.26 billion deficit in April 2004.
The claim is imports rose 60% from January to March, 2010.
Exports $112.11 billion in March, up 24.3 percent from a year earlier. Imports reached $119.35 billion, up 66 percent compared to the same period last year.
In the first three months of this year, China still posted a global trade surplus of $14.5 billion, down 76.7 percent from the first quarter of 2009. The trade surplus was $7.6 billion in February and the combined January-February surplus was $21.8 billion.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
Recent comments