Category Archives: Macro-economics

Too Many People Involved In The Game

Michael Shaw is a Johnny-come-never. And he (almost) pulled out a classic line, too. Damn, not bad for an amateur. Shoe on the Other Foot The photo shows a squatter camp for poor white South Africans in Krugersdorp. In the … Continue reading

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You can't change the plan when it's made

Krugman laid a big egg a couple weeks ago, to such an extent that I cannot fail to respond. The analysis is wrong and the policy prescriptions are just horrendous. But enough of my bald assertions, let’s go straight to … Continue reading

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Stop Taking Bad Advice

I saw this other day: Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.” “All of the components of real estate value are going in the wrong … Continue reading

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Sure fine to see you

Krugman is just a national treasure. Note how he lays everything out so clearly, with the obligatory language for domestic consumption: China’s bad behavior is posing a growing threat to the rest of the world economy. The only question now … Continue reading

Posted in Macro-economics | Tagged , , | 2 Comments

Mortgage Mess

In a roundabout (and curmudgeonly) way, I encouraged everyone to visit Calculated Risk regularly some time ago. And, even though apparently I got someone’s attention, it bears repeating: Calculated Risk is the best spot to be in if you dare … Continue reading

Posted in Macro-economics, Self-correcting Systems | Tagged , | 2 Comments

Billmon to the Rescue

You know, I had forgotten that Billmon is back to regular, if infrequent, postings. And here I was asking questions that he already answered. Some of you out there may not know about Billmon, so please allow me to introduce … Continue reading

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Three Steps Missing

I am a big fan of TPM Media and Josh Marshall. You will see a link to TPM in my blogroll; it is one of the 2-3 blogs I check absolutely every day. I admire Josh for his vision and … Continue reading

Posted in China, Macro-economics, Uncategorized | Tagged , , , | 3 Comments