Archives for: August 2009
08/31/09
This is for our big community of German speaking readers. An interview with Yale Prof. Robert Shiller about the prospects for the next years.
FAZ: Im Gespräch: Robert Shiller
„Die nächsten fünf Jahre werden enttäuschend“, Aug. 30, 2009
Robert Shi… more »
08/30/09
Referring to a New York Times article about SAT school performance scores, Harvard Prof. G. Mankiw concluded that the Graph shown in the NYT is a good example of omitted variable bias and that the key omitted variable is parents' IQ. Smart parents make m… more »
08/29/09
Youth unemployment has become a serious problem in many European countries. The chart below shows that unemployment among the youth is increasing faster than in the middle age level.
Source: Frankfurter Allgemeine Zeitung
According to Eurostat… more »
08/28/09
FT: Eurozone lending fears hit recovery hope, Aug. 27. 2009
Eurozone bank lending to business was squeezed further in July despite signs of an economic recovery across the region and European Central Bank efforts to boost credit markets.
Rather tha… more »
08/27/09
NYT: Estimate for 10-Year Deficit Raised to $9 Trillion, Aug. 25, 2009 more »
08/26/09
Mr. Ben Bernanke has been nominated for a second term as Chairman of the Fed by President Obama. While many are convinced that Mr. Bernanke played a strong role during the crisis he is also confronted with critics for his pre-crisis (non) action. One of… more »
08/24/09
07:42:04 am, by editor of MarketObservation.com, 195 words 
Categories: Economics United States, Economics Global
FT: The risk of a double-dip recession is rising by Nouriel Roubini, Aug. 23, 2009
Nouriel Roubini thinks that there are several argumens for a U shaped (long period of recovery) rather than a V shaped (quick recovery):
First: Employment is sti… more »
08/23/09
09:13:01 am, by editor of MarketObservation.com, 71 words
Categories: Economics United States, Economics Asia
NYT: America May Need to Find Another Financier by Floyd Norris, August 21, 2009
As the United States rolls up record budget deficits, Asian countries are showing a reduced willingness to finance the debt.
Figures released by the Treasury Departme… more »
08/22/09
09:11:37 am, by editor of MarketObservation.com 
, 0 words
Categories: Economics United States, Economics Global
click to go to Youtube video more »
"There is life in the old dog yet"....
Bloomberg: Stiglitz Sees Risk to Dollar, Need for Reserve System, Aug. 21, 2009
“The current reserve system is in the process of fraying,” Stiglitz said. “The dollar is not a good store of value. Right now, t… more »
08/20/09
04:52:09 pm, by editor of MarketObservation.com, 25 words
Categories: Economics United States, Economics Global
Warren Buffett writes in the New York Times about the possible long-term consequences of the "monetary medicine":
NYT: The Greenback Effect by Warren Buffett, Aug. 18, 2009 more »
Cesifo: Clear Improvement in the Ifo World Economic Climate, Aug. 19, 2009
The Ifo World Economic Climate Indicator rose in the third quarter of 2009 for the second time in succession. The rise in the indicator was primarily the result of the clearly… more »
08/19/09
click to go to GDP per Capita comparison more »
IMF's chief economist, Olivier Blanchard, sees stronger growth in Asia as major prerequisite for a global recovery:
Bloomberg: IMF Sees Recovery Starting With ‘Scars’ From Crisis, Aug. 18, 2009
"The global economy is beginning to recover from the w… more »
08/16/09
It seems in fact that Asia could lead the way out of the global recession. Reports from various exporters to Asia are showing that Asian demand for industrial goods has picked up in Q2. The GDP figures reported by the major Asian economies support this o… more »
08/15/09
08:35:27 am, by editor of MarketObservation.com, 101 words
Categories: Economics United States, Economics Global
Harvard Prof. K. Rogoff concludes an article on Project Syndicate as following:
"Asia may be willing to sponsor the west for now, but not in perpetuity. Eventually Asia will find alternatives in part by deepening its own debt markets. Within a few y… more »
08/14/09
09:17:09 am, by editor of MarketObservation.com, 24 words
Categories: Economics Europe, Economics Global
Source: Wikipedia
An interesting piece about easy money and its consequences during the reign of Louis VX:
Economist: Buttonwood, Law of easy money, Aug. 13, 2009 more »
08/13/09
The German and French economies bounced back in the second quarter. This gives raise to hopes that the recession will come to an end in the Eurozone. The bounce back came much faster than expected. People close to industry which could observe how dramati… more »
FT: Fed holds steady on emergency measures, Aug. 13, 2009
US Federal Reserve policymakers said on Wednesday that “economic activity is levelling out” and gave no indication that they would step up emergency measures adopted to stimulate the flow of cr… more »
08/12/09
Federal Reserve Bank of New York, Staff Reports: Why Are Banks Holding So Many Excess Reserves? by
Todd Keister and James McAndrews, Staff Report no. 380, July 2009
Abstract:
"The quantity of reserves in the U.S. banking system has risen dramatic… more »
08/11/09
Washington Post: Stay the Stimulus Course, by Alan S. Blinder, Aug. 11, 2009
Apparently not bothered by facts, some congressional Republicans are already claiming that President Obama's $787 billion stimulus package has failed and are even advocating… more »
08/10/09
07:14:54 am, by editor of MarketObservation.com , 256 words
Categories: Economics United States, Economics Global
Who deserves the credit will never be answered clearly. At the end it is important to see that a (more or less) capitalist system has companies which are strong enough to survive without government aid and to rebound by selling innovative products in nat… more »
06:58:04 am, by editor of MarketObservation.com , 182 words
Categories: Economics Europe, Economics Global
It seems that we are getting close to a stabilization of major European economies. At least some countries such as Germany (a major driver of the EU) are bottoming out. The structural problems (e.g. inflexible labor markets in many countries, high govern… more »
08/09/09
Bloomberg: U.S. Economy May Have Reached ‘Trough,’ Krugman Says, August 9, 2009
The U.S. economy is stabilizing and may have bottomed out, as the government’s stimulus plan probably saved a million jobs, Nobel Prize winner Paul Krugman said today.… more »
08/08/09
click to go to Huffington Post more »
Source: Economist
Economist: Glimmers of Hope, Aug. 7, 2009
"America’s recession appears to be coming to an end. On August 7th the government reported that the unemployment rate fell to 9.4% in July from 9.5% in June, the first drop since April 200… more »
XML Feeds
http://feed.mikle.com/
________________________________________________________________________________________________________
_________________________________________________________________________________
Recommended search items and names(click on terms):
BIS Quarterly Review, Case Shiller Index, IFO Outlook, Institute for Supply Management, Michigan Consumer Sentiment Index, Philadelphia Fed Regional Index,ECONOMIC INDICATORS AND OUTLOOKS (click on names):
George A. Akerlof, Bernanke, Olivier Blanchard, Alan S. Blinder, Buffett, Tyler Cowen, Niall Ferguson, Bruno S. Frey, Milton Friedman, Herb Greenberg, Greenspan, Michael Jensen, L.S. Karp, Charles Kindleberger, Krugman, Gregory Mankiw, Robert C. Merton, Nouriel Roubini, Kenneth Rogoff, Carmen Reinhart, David Rubenstein, Schumpeter, Anna Schwartz, Amartya Sen, Robert J. Shiller, Jeremy Siegel, Hans-Werner Sinn, George Soros, Joseph Stiglitz, Paul Volcker, Martin Wolf, Janet Yellen, Luigi Zingales, _________________________________________________________________________________RECOMMENDED SEARCH NAMES(click on names):
________________________________________________________________________________________________________
_________________________________________________________________________________
LEADING ECONOMISTS DEBATE THE CRISIS:
BLOGROLL
ECONOMICS AND BUSINESS:ECONOMICS, LAW AND POLITICS:
- Argmax
- Atlanta Fed Macro Blog
- austrianeconomists
- The Becker Posner Blog
- Grasping Reality with both hands
- The Big Picture
- Brookings Institution - Economics
- Calculated Risk Blogspot
- Chicago Boyz
- Chicago GSB Faculty Blog
- City Economist
- Coyote Blog: Dispatches from a small Business
- Conscious of a Liberal
- The Curious Capitalist (Time CNN)
- Econbrowser
- Econlog
- Economist's view
- Economics Roundtable
- Euro Area Blog
- Fama/French Forum
- Freakonomics
- Eurointelligence
- Jeffrey Frankels Weblog
- Group of Thirty
- Institute for Int'l Economics
- Institutional Economics
- Japanese Institute of Global Communication (GLOCOM)
- Knowledge Wharton
- MarginalRevolution
- Asymmetrical Information
- MISH'S Global Economic Trend Analysis
- Morgan Stanley Global Economic Forum:
- Naked Capitalism
- New Economist
- Newmark's Door
- Princeton University Press Blog
- RGE Monitor
- PSDBlog(Worldbank)
- The Knowledge Problem:
- The Mess That Greenspan Made
- Oekonomenstimme.org
- Ordnungspolitik.ch
- VOX
- World Economic Forum Weblog
_________________________________________________________________________________ECONOMIES:
STATISTICS SOURCES:
- Econometric Laboratory UC Berkeley
- Dataranking.com: Economic and social Data Ranking
- International Economic Growth Data Set (many useful statistics links, University of Bristol)
- Nationmaster (comprehensive country stat. data)
- US Dept. of Labor: Bureau of Labor Statistics
- US Govt Business Statistics
- US Regional Economic Data
- EuroStat: comprehensive European Statistical Data
- Metrics 2.0: Business & Market Intelligence
- RBA: huge Number of Links to Statistical Sources
- Various Links to Statistical Pages
- Ireland Business Facts (incl. economic Global Data)
ECONOMIC OUTLOOK:
- Census Bureau (US)
- International Economic Indicators
- Moody's
- Standard & Poor's
- Statistisches Bundesamt (Germany)
- UK Government Treasury
- White House
- World Economic Outlook (IMF)
THINK TANKS:
- Think Tanks (Alphabetical Order)
- Avenir Suisse
- Deutsche Gesellschaft für auswärtige Politik
- European Institute of Interdisciplinary Research
- Council on Foreign Relations
- Globalisation Institute
- Hoover Institution
- Swiss Institute for International Studies
- Freilich: Liberal Swiss Weblog
- Think Tanks and Public Interest Org. (US)
GLOBALIZATION:
- Carnegie Endowment: Globalization (Learning Tool)
- Dani Rodik (Harvard Prof. on Globalization)
- How to save globalization from its cheer leaders, Dani Rodrik (Harvard)
- Emory: The Globalization Website
- Global Envision
- The Globalist
- Harvard: Global Trade Negotiations Homepage
- International Forum on Globalization
- Internationale Politik (DGAP)
- OECD Economics Department
- UCLA: The Globalization Research Center Africa
- Worldbank: Globalization
- WTO
- YaleGlobal Online
LINKS TO SELECTED WORKING PAPER SITES:
- Berkeley: BRIE Working Papers
- Berkeley Finance: Working Papers
- Cambridge CBR: Publications
- Chicago GSB: Working Papers
- Columbia Business: e-Library
- Cornell Business: Research (SSRN)
- Dartmouth: Working Papers
- Duke: Faculty & Research
- ECGI
- ESADE: Faculty & Research
- Harvard: Faculty Publications
- IESE Business: Research
- INSEAD: Libraries
- Institute of European Studies (Berkeley)
- Kellogg: Faculty Publications
- Kiel Institute for the World Economy - Publications
- IMD: Working Papers
- London Business: Faculty Research
- Manchester Business: Research
- Michigan Business: Working Papers
- MIT Sloan: Papers
- NYU Business: Library
- Stanford GSB: Research Papers
- St. Gall: Publications
- Wharton (UPenn): Research Papers
- Reserve Bank of Australia: Publications & Research
- German Fed: Discussion Papers
- Bank of England: Working Papers
- European Central Bank: Working Papers
- US Federal Reserve Board: Economic Research and Data
- Banque France: Publications and Research
- Swiss National Bank: Working Papers
- Atlanta Fed
- Boston Fed
- Chicago Fed
- Cleveland Fed
- Dallas Fed
- Minneapolis Fed
- New York Fed
- Philadelphia Fed
- San Francisco Fed
- St. Louis Fed
_________________________________________________________________________________TAXES:
