I know, you’ve been regretting all year that you didn’t get a chance to enter the the 2008 NCAA Bracket Econbrowser Challenge. Well guess what? Here it is March of 2009 and you have a brand new chance!
Author Archives: James_Hamilton
What will recovery look like?
When good news comes, what should we expect to see?
Moral hazard and AIG
We are now suffering the consequences of one of the most spectacular financial miscalculations in history, after investors around the world discovered that trillions of dollars invested in securities derived from U.S. home mortgages were far riskier than they had originally believed.
Update on the auto sector
Detroit is still down, and the count begins on whether that means out.
How much is a trillion?
A trillion dollars used to be a sum that never naturally came up in normal conversation. Now all of a sudden, it’s the standard unit we seem to be using to talk about our economic problems and what we’re trying to do about them. Fortunately, I think I finally got a handle on what $1 trillion really means.
Stock prices and fundamentals
How low can stock prices go, and how worried should you be?
The Bernanke rally
Tuesday’s stock market rally was pretty impressive. But can the mere words of the Federal Reserve Chair actually produce a 4% increase in the value of the U.S. capital stock?
Deflation risk down but not out
While this week brought some pretty frightening numbers on industrial production and manufacturing surveys, I viewed Friday’s CPI release from the Bureau of Labor Statistics as slightly encouraging.
Prospects for the U.S. banking system
Some thoughts on the extent of the problem and options for solution.
Projected size of the deficit
It’s interesting that as we discuss the magnitude of the economic problems and proposed solutions, the units everything is quoted in have gone from billions to trillions.