Browsing All Posts filed under »economics«

Where exactly are we getting the money to spend? US Savings Rate, Disposable Incomes & Consumer Credit

December 14, 2011


Retail sales are up for the sixth straight month.  But… 1. The average American lost $21,000 in net worth in Q3, 2011 according to the December 8, 2011 Federal Reserve Flow of Funds release. 2. Personal savings rates are on a marked decline after a predictable spike during the recession: 3. Disposable income is back […]

And who will rescue the Chinese?

November 28, 2011


James Altucher, who wrote that Pearl Harbor caused the financial crash of 2008.  Does that make the international hopes of Chinese consumer spending growth the signal the upcoming event horizon? With the global economy fighting the doldrums: The European PIIGS (and everyone thought the Euro would replace the US Dollar as the global currency) Downward revisions of […]

Books Worth Reading: Housing & Financial Market

December 16, 2010


All the Devils Are Here: The Hidden History of the Financial Crisis (Joe Nocera, Bethany McLean) – 30 year history about the run-up to the mortgage and financial crisis. Fooling Some of the People All of the Time: A Long Short Story (David Einhorn) – Hedge fund manager explains how he saw taking the short […]

US Budget Deficit – Left, Right, Center

November 21, 2010


Spent the last two mornings catching up on the Charlie Rose show from this week.  He did a nice job of bringing in all sides to provide perspective and opinion on the US Budget Deficit Commission appointed by President Obama. Bottom line – our standard of living and entitlements are too expensive for the tax […]

History Repeating Itself?

October 27, 2010


Pragmatic Capitalism asked the question – “Is this 1937-38 all over again?” 1937 is important because after experiencing economic growth for a  couple of years, the US economy fell sharply into a great recession.  (It’s a topic of debate  as to whether the 1937 slowdown was a new recession or an extension of the Great […]

Robert Reich, Economic Chef

October 24, 2010


Who knew my Sunday morning coffee with the week’s recordings of The Charlie Rose Show would include culinary genius Robert Reich, former Labor Secretary under Bill Clinton? Reich just published his book “After Shock.” While I typically don’t agree with Reich on policy, he made several excellent arguments and one-liners about economic decisions ahead: The […]

Recommended Reading: “The Great Depression” by Benjamin Roth

October 19, 2010


Found the book via Megan McArdle’s recent post – “Should We Just Call a ‘Do-Over’ on the Mortgage Market?“. (The answer is a resounding “no” BTW… There are other more painful, but more effective ways to solve the problem.) Benjamin Roth was a lawyer in Youngstown, OH through the Great Depression and kept a running […]