Say what you will about San Diego politics, at least it’s not boring.
Author Archives: James_Hamilton
Fact-checking the fact-checkers
When Chairman Ben Bernanke of the Council of Economic Advisors made a statement about the U.S. housing market last week, some analysts jumped all over him. It looks to me like Bernanke had his facts exactly right.
The week in oil markets
The news from China last week could be the first indication of an extremely important
development.
Should we worry about all that debt held by foreigners?
I think we should, and here’s why.
On a lighter note
Who says economists don’t have a sense of humor? Well, maybe you will, after you find out
that I admit to having chuckled over these accounts. Judge for yourself.
Further discussion about economists and peak oil
The many interesting and thoughtful responses to my invitation for more open communication
between economists and others about peak oil has led me to a clearer understanding of exactly
what it is we’re seeing differently. Here I attempt to state a little more narrowly and
precisely what I see as the key substantive issue that I believe may most merit further
consideration from both sides.
The puzzle of long-term yields
Sherlock Holmes solved one of his cases by noticing a dog that didn’t bark. Well, here are a
few canines that don’t seem to be yipping around the decline in long-term bond yields.
How to talk to an economist about peak oil
I for one would like to see better communication between economists, geologists, and petroleum engineers about the timing and consequences of the eventual decline in global annual production rates of crude petroleum. In part the failure to communicate better with each other stems from differences in the language, assumptions, and paradigms with which those of us from different specialties approach this issue. As one small step toward bridging that gap, I’d like to lay out for noneconomists a few of the key aspects of how economists might think about peak oil.
Here and there around the web
Catching my eye here and there around the web: Supreme Court speculation, a natural
experiment in market microstructure, a troubling Kansas court decision, pirates, and an
expression of support for those in London.
Are the new employment figures really that bad?
The unemployment rate has reached its lowest level of the last four years, and yet some
economists still wring their hands in despair over the anemic job situation. I’m having some
trouble following their reasoning on this one.