economics

Gene Expression

Tag archives for economics

Optimism across the world

People By Nature Are Universally Optimistic, Study Shows: Data from the Gallup World Poll drove the findings, with adults in more than 140 countries providing a representative sample of 95 percent of the world’s population. The sample included more than 150,000 adults. Eighty-nine percent of individuals worldwide expect the next five years to be as…

Calculated Risk has a great chart showing GDP fluctuations which puts into perspective just how big a downtown the Great Depression represented, and how it compares to the current one. For the population ~30 and under the current downswing is already 3 times more extreme from the peak than any recession they have memory of.…

The current Great Depression

A Tale of Two Depressions: Conclusion: To summarise: the world is currently undergoing an economic shock every bit as big as the Great Depression shock of 1929-30. Looking just at the US leads one to overlook how alarming the current situation is even in comparison with 1929-30. The good news, of course, is that the…

The Great Recession

Awesome chart from Calculated Risk: Blue = current Bear Market Gray = Great Depression Bear Market Check out Google Trends for “Great Recession.”

One of the great things about the internet is that you can always look back. See the 5 star reviews for The Bush Boom: How a Misunderestimated President Fixed a Broken Economy. Pretty funny. Here’s a sample: Jeff and Larry have written a volume destined to stand alongside “The Hoover Miracle” and “Lyndon Johnson: Triumph…

Conor Clarke interviews Robert Shiller

Over at The Atlantic. Shiller is the author of Irrational Exuberance, The Subprime Solution and Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global. As I’ve noted before, Shiller’s specific arguments about the causal sequences behind manias and crashes leave a lot to be desired, but it seems entirely correct…