Happiness can be Endogenous
I was listening to Bloomberg radio this morning on the way to work. They were a bunch of happy folks there. The markets are up, and some earning reports are up. Then, they came to […]
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I was listening to Bloomberg radio this morning on the way to work. They were a bunch of happy folks there. The markets are up, and some earning reports are up. Then, they came to […]
Read morePreviously published on NewGeography.com on 6/19/2010 The most fanatical Keynesians are losing their composure. Brad DeLong, a prominent Berkeley economist and Keynesian, is virtually yelling that “We Need Bigger Deficits Now!”, emphasis his. Paul Krugman […]
Read morePreviously published on NewGeography.com on 7/11/2010 A year ago we were hearing all about green shoots. Analysts claimed to find them everywhere. Today, we never see the term. In fact, there seems to be a […]
Read moreThe California Builders Association announced today that California’s new home sales fell 46 percent in May over the previous year. This is a big decline from an already weak market. The question, of course, is […]
Read moreDJ is one of my dearest friends. He was one of the first people to befriend me when I moved to a new city as a high-school junior. He was there for the debriefs after […]
Read moreProducer price growth has been declining for six months. It reached negative territory, deflation territory, three months ago, in April. This is extraordinarily unusual for the United States. What does it mean? Most of the […]
Read moreThe National Venture Capital Association issued a couple of reports recently. One is on venture capital fund raising. The other is a report on a survey of venture capital professionals. Each of them make for […]
Read moreUnited States retail sales fell in June for the second consecutive month, to $360 billion dollars. This represents a 0.5 percent decline for the month, implying an annualized drop of six percent. Motor vehicles and […]
Read moreNASSCO-General Dynamics announced that it was laying off 290 workers. Here’s part of what the Union-Tribune had to say: “NASSCO-General Dynamics , the last major shipbuilder on the West Coast, laid off 290 of its […]
Read moreI receive the following question from a friend: “Yesterday, I read your newgeography.com post, Green Shoots and Immigration, in which you encouraged massive new immigration as a solution for our poorly performing economy. Today you […]
Read moreRaghu Rajan has a piece on income equality and its impact on the recent financial crisis. It’s the same theme he addressed in depth in his excellent recent book, Fault Lines. As income inequality increases, […]
Read moreFamous economist Arthur Laffer has a piece in the Wall Street Journal today where he argues two points: unemployment insurance causes unemployment even in bad times and unemployment insurance is not stimulus. I’ll stipulate his […]
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