February 19, 2009
Here is the aforementioned Charlie Rose segment with Nouriel Roubini and Mark Zandi from last night:...
A fantastic visualization of the changing U.S. trade deficits by country. Click to see the live animation. Watching it, with the trade tentacles fattening, and some bulbs, especially China, becoming ever-larger, economics actually begins to feel … kinda real. [via...
A picture, appropriately enough, of a pigeon flying above the logo of Swiss bank UBS in Lausanne, Switzerland. The bank and U.S. authorities are locked in a battle wherein the latter is trying to get UBS to play stoolpigeon on...
So, the Feds have set a 2% inflation target, which they won't get, and now Ken Rogoff says it should set a 6% percent target, which is doubly dreamy and the Fed won't get. Such fanciful nonsense reminds me of...
Good comments from Emanuel Derman about Obama house economist Larry Summers' appearance last night on Charlie Rose: On Charlie Rose last night, Charlie played straight man to Larry Summers. "What economist has influenced you most?" Charlie asked. "Keynes," Summers answered,...
I'm out most of today, so you'll have to manage the death of capitalism/banking/golf/crokinole/etc. without me for the duration. Back tomorrow....
I'm told this actually Armageddon porn, not pessimism porn, but still: The New Paranoia: Hedge-Funders Are Bullish on Gold, Guns, and Inflatable Lifeboats During the final months of 2008, as the financial markets imploded, talk on trading desks turned to...
