Young People and the Recession

27Mar09

This article in Slate does a good job addressing some ideas I had wanted to write about, but haven’t really been able to frame properly. Read the whole thing, but here’s the opening:
Apprehension, with an enduring edge to it. That’s the general mood among the twentysomethings I’ve heard from during the last several weeks in [...]

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Tags: Economy, Recession

But Where Will People Find Opportunities To Throw Their Wealth Away

08Dec08

I saw this humorous comment Brad Delong’s blog earlier today

Stupidest Man Alive Contestant: Neo-Hooverite Greg Mankiw
For his suggestion on Squawk Box that we shouldn’t have the government spend too much money now b/c it will “crowd out” private investment! As though there is private investment left to crowd out!
Somebody, revoke this guy’s tenure. Take [...]

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Tags: Economy, Gregory Mankiw, Stock Market

You Invest Based on the Future Right?

01Dec08

The Washington Post says that the stock market went because the National Bureau of Economic Research says we’ve been a recession for over a year.
I know financial reporting is notoriously bad and the markets aren’t logical, but does that really seem like a logical reason for the market to do down? We already knew [...]

Filed under: United States   |  3 Comments
Tags: Economy, Recession

One Less Globalization Fan Boy

11Jul08

I’ve always thought E.J. Dionne Jr. was one of the better columnists, recently my opinion of him has further improved. Here’s most recent column on capitalism’s present challenges.
Since the Reagan years, free-market cliches have passed for sophisticated economic analysis. But in the current crisis, these ideas are falling, one by one, as even conservatives [...]

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Tags: E.J. Dionne, Economy, Global Economy, Globalization, US Economy

The “You’re on Your Own Society”

28Mar08

Here is Barack Obama in my old stomping ground Greensboro, North Carolina talking about John McCain and the U.S. economy.

It’s amazing to me that both George Bush Sr. and Bob Dole lost in large part due the perception they were out of touch grumpy old men, and yet the fact that [...]

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Tags: Barack Obama, Economy, Grumpy Old Men, Housing Crisis, John McCain

Please, Sir May I Have Some More?

28Mar08

Here is description for this article on the Wall Street Journal Online yesterday morning
The U.S. government discarded a half-century of rules to save American financial capitalism from collapse over the past 10 days. But were the rescue moves, which put billions of dollars of taxpayer money at risk, enough?
Indeed. If there is anything we can [...]

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Tags: Economy, Financial Bailouts, Financial Crisis, Wall Street, Wall Street Journal

The Whole World

19Mar08

Laugh and the whole world laughs with you; Weep and you Weep Alone Unless you’re a Wall Street investment bank, then it’s bailouts, interest rate cuts, and front page newspaper articles discussing how you made people “lose their confidence”.

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Tags: Bearstearns, Economy, Outkast, Recession, Wall Street

Submissions Welcome

24Jan08

I’d like to say
1)      Something profound about the federal stimulus package deal announced today. Any ideas, I’ve got nothing “profound”
2)      Something devastatingly mean about Verizion deciding that transferring my account to my new apartment is a really complicated technological feat that they keep pushing back. I’ve got some ideas on this one, but I’m not [...]

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Tags: Crappy Customer Service, Economy, Federal Stimulus, Verzion