economy

The Corpus Callosum

Category archives for economy

“Green Shoots” in Graphs

Courtesy of Chart of the Day… Click on the graphs to see the Chart of the Day explanations for the data. The top chart shows the aggregate earnings, over time, of the companies in the S&P 500 Index.  The second chart shows the ratio between the aggreagte price of the stock, and the earnings of…

Barry Ritholtz, author of Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy,  has a nice, terse, thought-provoking post on his blog: The Big Picture: US vs Europe: Who is the Welfare State? By Barry Ritholtz – May 1st, 2009, 10:25AM Today is May Day, and while International Workers’…

Malthus Was Right

Well, maybe not Malthus, but Garrett Hardin and Paul Ehrlich — the 1960’s-era neomalthusian academicians — have been right on the money.  There are hard limits to growth, and those limits are upon us.  This is the contention of Charles A. S. Hall and John W. Day, Jr., two systems ecologists who have published a…

Psychiatrists of old, never gave advice.  But here’s some advice: And never trust with your money anyone making a potential bonus. From Nassim Nicholas Taleb, author of Black Swan; HT: Automatic Earth. How bank bonuses let us all down By Nassim Nicholas Taleb Published: February 24 2009 19:53

More Economic Graphs

Wouldn’t you know it?  Right after I post a compilation of graphical representations of the winter of our  hardship, out come some more (HT: DeLong, CR).  The first shows the absolute number of job losses in this recession, compared to all other post-WWII recessions.  It looks bad. But, to put this in perspective, recall that…

Just like I was saying.  HT: Naked Capitalism.  With videos.  This is not from some marignalized doomer.  It is from the Financial Times.

This chart shows what the stock market had been doing since the summer of 2007, when the effects of the economic crisis were openly recognized by the Administration.  You can see that that various interventions have resulted in brief improvements, but nothing sustained.  The overall trend clearly is downward.  Unfortunately, I can’t recall where I…

If The Only Thing He Does…

If the only thing Obama does, is to not do the bad things that Bush did, then he will be a success.  A disappointment, yes, but also a success.  Above is a clip of Olbermann, summarizing in about 9 minutes the worst of the past eight years. Below the fold is one of the consequences.…

Krugman Wins Nobel; Markets Rally

Paul Krugman was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.   “It’s been an extremely weird day, but weird in a positive way,” Mr. Krugman said in an interview on his way to a Washington meeting for the Group of Thirty, an international body from the public and private…

In this video, Hannity tells us the economy is in fine shape, wonders if it is reasonable to think that people would really vote against the Republicans due to the economy. Granted, it was a month ago, at which time the market was only down by 20%.  But he seriously believed that the economy was…