matters of little significance

Monday, May 05, 2008
Hillary disses economists! Including one of her biggest defenders, Paul Krugman.

My economic advisors are not happy.

Economist's View: I'll have to vote soon - Hillary or Obama - and mail in my ballot (we vote by mail here). I've had a bit of trouble deciding, but this will help.

Brad DeLong: Friends Don't Let Friends Support Hillary Rodham Clinton Over Barack Obama

Angry Bear: So Senator Clinton thinks telling the voters the truth is elitist. She’s become the perfect Republican!

Robert Reich: Haven’t we had enough of politicians who reject facts in favor of short-term poll-driven politics?

So far no word from Krugman.

Tuesday, April 08, 2008
If any of you are still paying attention to me you may be wondering if I have lost my mind, what with all these arcane economics posts. I'm just a little freaked out about the economy, trying to make sense of what's going on and realizing I don't quite have the tools, so I have been haunting some economics blogs lately. Here's a list of my favorites, but be warned they reflect my leftish bias (no fans of Ron Paul, no calls to abolish the Federal Reserve and go back to the gold standard):

Paul Krugman/NYT (Professor of Economics, Princeton): The Conscience of a Liberal
Mainstream, fairly easy to understand. Loves Clinton, hates Obama.

Brad DeLong (Professor of Economics, UC Berkeley): Grasping Reality With Both Hands
Sometimes academic, sometimes personal. Seems to prefer Obama. Hates John Yoo.

Mark Thoma (Professor of Economics, University of Oregon): Economist's View
Academic but nothing you can't handle.

Nouriel Roubini (Professor of Economics, NYU): Global EconoMonitor
Well-known gloom and doom master. Not for the faint of heart. He forecasts a recession which will last 12 to 18 months. A commenter on another blog said you should take whatever Roubini says and multiply it by .69217. A little economics humor there.

Angry Bear
Naked Capitalism
The Big Picture
Calculated Risk
These are more bloggish. I don't know much about the bloggers, but they have interesting links and commentary. Right now Calculated Risk, which is really more focused on real estate, is my favorite, as much for the comments as for the blog posts.

Have fun!

Former President of the Federal Reserve under Carter and Reagan Paul Volcker's Speech to the Economic Club.

Harsh words, good explanation of what's going on.

Crusty old white bankers straight out of depression era central casting.

Towards the end he defends his support of Barack Obama, despite Obama's liberal views. "Paul, I've known you for a long time. I heard a rumor you support Barack Obama. Tell me it's not true."

"Everyone under the age of 30 supports Barack Obama. Everyone over the age of 60 supports Hillary Clinton. Where do you think the future of our country lies?"

Thursday, March 27, 2008
Economist's View: Keynes: The End of Laissez-Faire (1926)

Tuesday, March 25, 2008
I was curious what the democratic candidates would have to say about the economy, and this morning I heard that Clinton wants to consult with Alan Greenspan and Robert Rubin. Which means nothing will be done.

I haven't heard from Obama but I did read that last year Obama and Durbin introduced a bill to fight mortgage fraud and abuse, which is at least a start.

Monday, March 24, 2008
As good an explanation as any I've seen - and with Australian accents!

Wednesday, March 19, 2008
I have been baffled by the bad coverage of the financial crisis by The New York Times, but today they hit a new low with this waste of ink and pixels. If they think their readers really are that stupid what makes them think they can also read?

I'm not a Wall Street player, but I've been able to get more serious analysis in the comments section of DailyKos.

I've taken to reading The Economist, Financial Times and even Bloomberg (Bloomberg for the stats mainly).

Of course I am a socialist at heart so I also like the coverage at The Guardian.

Monday, March 17, 2008
I love the wording of this Bloomberg Headline: Buy Signals Abound in U.S. Stocks, Shadowed by Bear Market of the 1970s, 30s


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