A few days back, Treasury Secretary Paulson unveiled a new blueprint for reforming the way we regulate financial services. Clive Crook has had a chance... [More]
April 1, 2008
Responding to Imaginary Threats
And while I'm on the subject of financial regulation, if you haven't read James Surowiecki's latest piece in the New Yorker, you really need to.... [More]
April 4, 2008
Bailout! Who To Blame?
One of the most common criticisms I've read of efforts to provide some assistance to struggling homeowners is that most people simply don't deserve the... [More]
New Rules For A New Economy?
Howard Gleckam nails it: ...for the past three decades financial engineers have been playing a game with unlimited upside reward and, thanks to the Federal... [More]
Milbank Gets It Right
Whenever Dana Milbank appears on MSNBC's Countdown, I cringe. There's something about the way the guy does analysis that just rubs me the wrong way.... [More]
April 5, 2008
Feel The Boom!
Krugman! And then more Krugman! Put those two graphs side by side and you go a long way towards understanding why so many people have... [More]
April 6, 2008
Why Suburbs Suck, And How That Impacts The Credit Crisis
Having grown up in a suburb, this story (found via Atrios) really resonated with me. Granted, my suburb was outside of DC, not Phoenix, so... [More]
April 9, 2008
Today's Edition of "The Slow Motion Collapse"
A few random bits and bobs from the mortgage crisis: + The IMF is now predicting mortgage-market losses from the will near $1 trillion. +... [More]
More Subprime Madness!
For those of you who prefer to listen to your financial news, this report from NPR is an absolute must-listen. Here's the transcript for those... [More]
April 11, 2008
Roubini: $1 Trillion Is The Floor, Not the Ceiling
Roubini's free riding on his own media appearances, so I've got no worries about taking a long excerpt today: Mr. Roubini first forecast a slowdown... [More]
Consumer Confidence Hits Level Not Seen Since Carter
Following the trail blazed by Stephen Skowronek, I've long argued on this blog that in realignment terms Bush is the new Carter. Reagan set the... [More]
April 12, 2008
Free Time
Ezra is right here, too. Unlike our allies in Europe, we have over the past 30-40 years used public policy to create a society in... [More]
A Bitter Backlash
I cannot believe I'm going to say this, but... the people in Wolf's Situation Room get it exactly right. I didn't expect the media would... [More]
Understanding The Sources Of Bitterness
Quite frequently, when I write or talk about how average working class Americans have struggled economically for the past 30+ years, I hear the following... [More]
April 13, 2008
SF Gets It Right!
I bashed SF last week, so this week let me point out something it often does uniquely right. Something like this - renaming a sewage... [More]
April 15, 2008
McCain on Tax Reform
Ambinder has excerpts of McCain's big economic speech today. This part really caught my eye: --Major tax reform. The broad sketch: "When this reform is... [More]
Peak Oil?
Krugman is right: it looks like it might be yet another case where us DFHs were way ahead of everyone else. Not that we'll ever... [More]
April 16, 2008
The Final Word on Bitterness
It really has to go to Fafblog's Giblets. And to convince you to click, one very small excerpt: When you've lost Hillary Clinton you've lost... [More]
Taxes! And Ponies!
The tax questions in tonight's debate were idiotic. "Will you promise to never raise taxes, no matter what? And I've been told by Grover Norquist... [More]
April 17, 2008
My Kind of Economic Analysis
Richard H. Thaler and Cass R. Sunstein in today's Boston Globe: IN THE past 20 years, there has been a growing interest in cutting-edge research... [More]
April 18, 2008
Defining Middle Class
If you and your family make more than about $75,000 per year, you are NOT middle class. That is all.... [More]
Advice For Krugman
Krugman: If I were a Democratic Party elder, I'd urge Mr. Obama to stop blurring the distinction between Clinton-era prosperity and Bush-era economic distress. And... [More]
April 19, 2008
More Like This Sen. McCain, Please!
Never mind the polls. Barring some catastrophe, there simply is no way McCain will win this fall. Look at this: "Certainly, at this time, we're... [More]
April 23, 2008
Bits And Bobs
My Internet connection was down for an hour or two today, so I was forced to do most of my afternoon blog reading with my... [More]
April 24, 2008
AP: New Home Sales Plunge to Lowest Level in 16 1/2 Years
AP: Sales of new homes plunged in March to the lowest level in 16 1/2 years as housing slumped further at the start of the... [More]
April 25, 2008
Such Honor! Such Virtue!
When the pundits and media pros wax poetic about Sen. McCain's honor and virtue, is this what they mean? Yes, the man would make a... [More]
April 28, 2008
Bubbles!
Roger Lowenstein's piece in this weekend's NY Times Magazine is one of the single best explanations I've yet read for how our nation's financial service... [More]
April 30, 2008
$200 Barrel Oil?
Never mind what your econ101 class told you. When it comes to oil, there is a lot more going on than price, supply, and demand.... [More]
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