January 5, 2009
Whoa, guess what: Former National Association of Realtors chief economist David Lereah didn't entirely believe what he was saying about the wonders of the pre-bust U.S. real estate industry. It was, as he says, his job to put a positive...
The discussion over at Marginal Revolution of famous economists' errors is a reminder that economics is, in many ways, most famous for how badly it gets things wrong. After all, as I posted earlier, the current AEA meetings contained no...
Despite slide in world share, U.S. science impact still looks strong (ScienceWatch) Deficits, debt and looming U.S. disaster (St. Louis Fed) Can the US economy afford a Keynesian stimulus? (Buiter/FT) Everything But The Sky Falls-in On Spain (afoe) The...
A quick update on my regular currency graph here. A massive rock got dropped in the exchange rate pond back in September, the waves and ripples spread through the fall, and now we're searching for the new normal....
One of my takes for 2009 is that arbitrage will start to work again. As most readers will know, convertible arbitrage blew up in 2008, partly because of credit issues. But that wasn't the only arb strategy that blew up....
According to some new research from JPMorgan, 2009 will be the year that China Internet users surpass the entire population of the U.S....
