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The Living Dead: Thoughts on Macro and Depressions
Found on Ideas on Fri 3rd Sep 10
Macro is not my field. One of the reasons it is not my field is that, so far as I can tell, it lacks a theoretical structure as solid or as well supported as price theorypopularly but misleadingly called "Micro." One result is that a course on the subject is
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August Employment Report: 60K Jobs ex-Census, 9.6% Unemployment Rate
Found on The Bonddad Blog on Fri 3rd Sep 10
From the BLS: Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment fell, as 114,000 temporary workers hired for
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Assorted links
Found on Marginal Revolution on Fri 3rd Sep 10
1. Shoup replies to O'Toole on minimum parking requirements.2. Are economists human?3. Interview with Oliver Sacks.4. "too much justice?" -- interview with Harvey Mansfield.5. God vs. Satan, in the Bible.6. Nine evidence-based study tips?
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Political recovery
Found on Capital Gains and Games - Washington, Wall Street and Everything in Between on Fri 3rd Sep 10
As Andrew Samwick says, today's job numbers are more of the same -- stagnant job growth that was too weak to to prevent the unemployment rate from edging up a tenth of a point to 9.6 percent. More depressing is the stagnation
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Spain's Economy Re-enters Contraction Mode In The Third Quarter
Found on Euro Watch on Fri 3rd Sep 10
Well, that didn't last long, now did it. Two consecutive quarters of minimal GDP growth seem to have exhausted the forces of a more than fragile Spanish economy. All the post June data we are seeing suggests the economy has now turned the corner (in the bad
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How Much Do You Know About the Expiring Tax Cuts? Take this Short Quiz and Find Out
Found on Tax Foundation - Tax Foundation's "Tax Policy Blog" on Fri 3rd Sep 10
The Tax Foundation has put up a 10-question quiz for users to test their knowledge of the Bush tax cuts and what President Obama is proposing to do about them.Here's a sample:The federal estate tax rate for 2010 is currently zero. If the Bush tax cuts were
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Europe Bond Yields
Found on Calculated Risk on Fri 3rd Sep 10
Usually I just post the bond spreads in Europe, but I think this excellent tool from Bloomberg shows visually what is happening with bond yields in Europe. Click on graph for larger image in new window.You can click here for the graph for the Greece 10 year
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Bond Bubble Watch, by Arnold Kling
Found on The Incidental Economist (Posts) on Fri 3rd Sep 10
Nobel Laureate Gary Becker comments on the possibility of a debt crisis. Morgan Stanley's report argues debt/GDP is not a good measure of default risk, and suggests instead the ratio of debt to government revenues. On this measure, the US looks terrible, with
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Dell and Its Deadline
Found on DealBook on Fri 3rd Sep 10
The deadline for Dell to respond to Hewlett-Packard's offer for 3Par is only hours a way. The Deal Professor expects Dell to try to slow down the bidding war.
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Drink To Your Health
Found on Free Market Mojo on Fri 3rd Sep 10
Abstaining from alcohol tends to increase one’s risk of dying even when you exclude former drinkers, a new study reported in Time and published in Alcoholism: Clinical and Experimental Research has found.Moderate drinking, which is defined as one to three
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