From the category archives:

Economy

Kyle Bass Uses Common Sense to Show the World is Screwd

December 8, 2011

I am a big fan of Kyle Bass. He is one of the few guys that seems to be able to take a 30,000 foot view of the world’s economy. He then breaks it down into very common sense and 8th grade math. His viewpoint is we are mathematically screwd.   Bass lays out the [...]

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Jobs Coming Back From China?

October 8, 2011

Here is a news piece from ABC discussing how jobs sent to China previously are returning to America. The news piece cites increasing wages in China, transportation cost savings by building in America, and productivity of American workers. These are huge pieces of why jobs will continue to return. As China’s capacity utilization grows, the [...]

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Forget TARP – the Fed Is Where the Banks Really Cleaned Up

August 22, 2011

Here is an article from Bloomberg describing the amounts received as loans from the Federal Reserve during the market blow up in 2008 and 2009. While taxpayers were enraged, and rightfully so, with the TARP bailout, which provided $300 billion to troubled banks, automakers, and other companies with strong lobbying arms, taxpayers should really be [...]

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Twenty Minutes with My Economic Man Crush

July 12, 2011

I am a huge fan of Steve Keen. One might say I have a man crush on him. He leans towards the Austrian school of economics, but he isn’t afraid to slap those ideas around as well. He just loves to tear apart neo-classical economics though. He has a book out that dispels the truths [...]

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Mark Zandi Claims Slowdown is Over…Look Out Below!

July 6, 2011

Here is a recent analysis from Moody’s chief economist, Mark Zandi. Zandi gives good interview as he is a polite, articulate, handsome guy, but he epitomizes the Constanza principle if anyone ever has. On the Big Picture blog, Barry Ritholtz has done a great job of laying out the case against Zandi. I won’t even [...]

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S&P 500 Falling to 400?

May 18, 2011

Great video from the Financial Times where Russell Napier is interviewed. Napier is a thoughtful analyst, historian and money manager who understood the problems of 2008 and called the 2009/2010 rally – so one is wise to listen to him. In this video, he explains why he sees the S&P 500 falling to 400 from [...]

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Greek Default Inevitable…and Positive

May 11, 2011

Here is a video from Tech Ticker featuring Martin Wolf. Wolf is a writer for the Financial Times, and he really knows Europe. Essentially, he is saying that the Greek default is inevitable as Greece’s debt is 160% of its Gross Domestic Product (GDP) and the market is already pricing the event as short term [...]

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Keynes vs. Hayek II

April 28, 2011

Here is another humorous post featuring the rapping Keynes vs Hayek. Both are advocates of different views of economics. Keynes looks for more intervention in the economy from the government or central banks while Hayek, a student of the Austrian School of Economics, believes markets should be allowed to function without political interference.  I posted [...]

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Open Letter to Ben Bernanke

April 27, 2011

Today, the Federal Reserve Chief, Ben Bernanke, will hold a press conference to detail what the Fed’s plan is once the second round of Quantitative Easing ends. Some think they will let the plan end with the stipulation that the Fed stands ready to jump back in if needed while others believe that Quantitative Easing [...]

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Michael Lewis from 1989: How a Japanese Earthquake Could Destroy the World Economy

March 17, 2011

Hat tip to Paul Kedrosy who found this article from Michael Lewis, the author of the Blind Side and the Big Short (one of my favorite books dealing with the Wall Street/real estate crash of 2008). If you have ever read any of Lewis’ work, you will want to read this article. He makes mundane, [...]

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