Economist’s View reported last week on a letter from Alan Greenspan that addressed some questions about monetary policy posed for the Fed Chair by Representative Jim Saxton (R-NJ). I was particularly interested in Greenspan’s explanation of why he is not concerned about the seemingly bearish connotations of the slope of the yield curve.
Beat that growth rate!
Simon World and Daniel Gross are just a wee bit suspicious of the claim that Chinese GDP grew by 18% overnight (which would be 2 x 1028% at an annual rate).
There’s no question that China is experiencing very strong growth. But exactly how much? I doubt that anybody knows for sure.
Current Account figures for 2005q3
Reading behind the numbers
The ungouging of gas prices
As long as you’re willing to twist (or ignore) enough of the facts, you can continue to be persuaded that the earth is actually flat.
October trade balance numbers
At the tail ends of the distribution of expectations
The gold standard and the Great Depression
How the gold standard contributed to the Great Depression.
Blogjam at the PJ Corral
I participated in a blogjam yesterday hosted by Pajamas Media. What’s a blogjam, you ask?
Only 17 more (oil) shopping days until December 31
Does everybody remember this story from July 3?
Best business weblog award
Thanks to Dave Schuler of the Glittering Eye for nominating Econbrowser for best business blog award for 2005.
Oil sands
Are oil sands the answer to peak oil? They’ll help some, to be sure. But they’re not a reason to ignore the issue.