I don’t usually read Bill Kristol’s column, but once in a while, my eyes get caught by a headline (that’s the difference between reading online and “on paper”), and I’ll check out what he has to say. The other day, I read his column “Admit we don’t know” on the current economic crisis that, while not in my mind “wrong”, seemed puzzling to me. Pay attention to the last paragraph (highlighted in bold).
Monthly Archives: November 2008
The more the merrier
How many economic-advice-giving organizations does it take to run a White House?
Synchronized Recession, Synchronized Stimulus?
The OECD has just released its forecasts. This follows the recent updated IMF forecasts. Growth is evaporating the industrial countries. What is to be done?
Chinn and Collender on the Obama Stimulus Plan
I discussed current economic conditions and the prospects for the Obama stimulus plan on Kerri Miller’s “Midmorning” show on Minnesota Public Radio today. Capital Gains and Games‘ Stan Collender was also speaking. Here’s a link to the audio.
Obama’s economic plans
President-elect Barack Obama today announced more details of the economic team that will be advising the new president. I find these quite encouraging.
Time for a change at the Fed
Plan A didn’t work. Plan B didn’t work. I suggest the Fed get going on Plan C.
GDP Prospects: Mean Estimates Fall and Dispersion Increases
One of the points that all the panelists at last Thursday’s event sponsored by WAGE (“The Global Economic Crisis”) agreed on was how quickly the macroeconomic situation has deteriorated. I wanted to see if one could quantify the rapidity with which growth prospects have changed. Here is one perspective, showing the mean forecast from the October and November WSJ surveys of forecasters.
The Global Economic Crisis: Propagation to the Rest of the World
Last Thursday, I had the opportunity to participate in a panel on Global Economic Crisis: The Untold Stories, sponsored by the Center for World Affairs and the Global Economy (WAGE). I was tasked with surveying the impact on the economy outside the borders of the United States — in 20 minutes.
The Progress of the Financial Crisis in One Picture: Mortgages, Flight to Safety, Credit Lock
Markus Brunnermeier provides an excellent summary graph of the financial crisis, told in “spreads”.
The check is in the mail
Falling gasoline prices will provide some stimulus to the economy. But how much?