Arnold Kling points to an interesting study by economists John Taylor and John Cogan. It’s an analysis of the effect of the stimulus from a different and intriguing perspective. They write: Because the ARRA grants to state and local government are fungible and not synchronized with purchases, determining the effect of ARRA on state and [...]
Archive for October, 2010
If you haven’t come across it yet, I suggest that you take a look at Bill Gross’s monthly newsletter. He does a pretty effective job of boiling QE ll down to the basics. We at PIMCO join with Ben Bernanke in this diagnosis, but we will tell you, as perhaps he cannot, that the outcome [...]
There’s no other word for this but madness. Via SF Weekly: “Infinite” is not a word you expect to find in a report on municipal spending. It’s more of a science fiction–type term — Tremble, Earthling, before the infinite might of Galaxor! But there it was, in a recent report on San Francisco‘s finances: Spending on the [...]
James Pethokoukis recently ran a post about the prospects for Obama’s reelection. He excerpted a rather poignant piece from an article by John Ellis. In the article, which I recommend you read in its entirety, Ellis goes through the conventional logic of why Obama will most likely win another term and then suggests an alternative [...]
Keith Hennessey does an interesting job countering some claims Austan Goolsbee advances on his white board. It’s well worth a few minutes.
John Carney has an interesting take on some likely repercussions from the foreclosure mess. Basically, he thinks that it’s going to be a lot harder for banks to work through the foreclosure process from this point on. Carney points out that the courts and judges are going to be a lot more skeptical as they [...]
Lori Ann LaRocco over at NetNet, John Carney’s new CNBC venture, has a good interview with Andy Sandler, one of the Wall Street lawyers very much in the center of the mortgage and put-back fiasco. Here is one piece that caught my eye: We’re seeing Fannie and Freddie put-back some of these loans because of [...]