I’m still looking for, and still not seeing, the economic recovery that everybody is talking about.
Author Archives: James_Hamilton
How to lose on a sure-fire bet
There was a wonderful story in today’s WSJ about how some big banks managed to lose some of their hard-earned TARP money.
More on disaggregate bank landing
I’d like to mention two more useful analyses of the disaggregated behavior of bank lending over the last year. The first is from James Kwak at the Baseline Scenario, and the second is a new research paper by Silvio Contessi
and Johanna Francis.
Not a robust recovery
Often after a sharp economic downturn we observe an equally dramatic recovery. But nobody can claim to be seeing that so far in the currently available data.
More on bank lending data
Further evidence on the decline in bank lending.
Supply, demand, and the price of oil
Do recently rising oil prices signal a resurgence of economic growth?
Clive W. J. Granger, 1934-2009
It is with great sadness that I report that Sir Clive Granger passed away last night. He had been a wonderful colleague and good friend.
More papers on the credit crunch
Links to some interesting papers that I recently read.
Link to JEC video
The Joint Economic Committee has now posted a video of yesterday’s hearing on oil and the economy. My statement starts at about 11 minutes.
Rising world oil demand and the U.S. economy
This morning, the Joint Economic Committee of the U.S. Congress took up the implications of rising world oil demand for the U.S. economy. I was invited to participate along with Daniel Yergin, Co-Founder and Chairman of Cambridge Energy Research Associates.
I have some more discussion at the Washington Post as well as the following links: