Monthly Archives: December 2009

Will Economists Ever Learn? – Prior to the recent crash of financial markets, there was a widespread belief that monetary policy was all that was needed to stabilize the economy. However, one important thing we learned recently is that central banks … Continue reading →

  Quote FED FOCUS-The coming Great Inflation, real or imagined | Reuters(Reuters) – A historic economic crisis has left Americans with plenty of things to worry about. But is inflation one of them? And is there a risk that fretting … Continue reading →

  Quote U.S. International Trade Commission rules in favor of U.S. steel industry on subsidized Chinese impoThe U.S. International Trade Commission ruled Wednesday that a surge of subsidized Chinese steel has harmed or threatens to harm the U.S. industry, acting … Continue reading →

  Quote Wall Street Waits as SEC Fails to Bring Madoff-Inspired Reforms – Bloomberg.comBloomberg) — Mary Schapiro, chairman of the U.S. Securities and Exchange Commission, said she wanted to show that her agency was cracking down after missing Bernard Madoff’s … Continue reading →

  Quote Not So Radical Reform – BusinessWeek How New Democrats and Wall Street are watering down financial regulation in Congress The New Democrats’ fingerprints are all over the final House bill. Lawmakers rejected a mortgage "cram-down" amendment, which would have … Continue reading →

  Quote Powerless Nepal loses lustre as New Year destination(IANS) Slapped with a 51-hour weekly power outage from Wednesday and a warning that next month it could go up to 12 hours a day, Nepal has begun to lose its … Continue reading →

  Quote Credit Card Delinquencies Up November, More Borrowers Struggling: Moody’sMore U.S. credit card users fell further behind on their payments in November, Moody’s Investor’s Services said Tuesday.The charge-off rate on U.S. credit cards, as measured by Moody’s Credit Card … Continue reading →

  Quote HSBC Chairman: Taxpayers Will Be Saddled With Banker Debts And Rising Unemployment For Years – HSBC Group Chair Stephen Green recently sat down with German magazine Der Spiegel and talked about the future of the world’s economy, the moral … Continue reading →

  Quote Russia in secret plan to save Earth from asteroid: official | Raw StoryRussian scientists will soon meet in secret to work on a plan for saving Earth from a possible catastrophic collision with a giant asteroid in 26 … Continue reading →

Measuring the Impact of the Stimulus Package with Economic Models  – It’s been nearly a year since the stimulus package of 2009 was passed. Unfortunately most attempts to answer the question “What was the size of the impact?” are still … Continue reading →