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?
Author Archives: James_Hamilton
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.
Former Bernanke home in foreclosure
A couple of stories that provide some personal perspective on the scope of the current problems.
The Treasury’s Financial Stability Plan
Here’s my two cents on the latest two trillion.
Kash Mansori on a home purchase tax credit
We’re pleased today to feature a guest contribution to Econbrowser from Kash Mansori, senior economist for Jefferson Wells International.
The paradox of thrift
Or, how come you used to say that if consumers don’t save more, it will wreck the economy, and now you say, if consumers do save more, it will wreck the economy?
January auto sales
Dreadful as 2008 was for the U.S. automakers, 2009 is starting out even worse.
Worth reading
Links to a few items I found interesting on non-residential structure investment, the “bad bank” proposal, and separation of powers.