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One of the big questions for policymakers is how much of the current downturn represents of temporary cyclical fluctuation and how much of it is a permanent reduction in out productive capacity. If the downturn is mostly temporary, then we will eventually bounce back to the old output trend line. Something like this: In the first case, highly stimulative policy is appropriate to help the economy get back to the long-run trend as soon as possible.
Economist's View
I spend as much time with my family as possible. We do homework, go to restaurants, parties, events, read et cetera. My daughters' wants come first in everything for me. My wife and I also go to dinners, concerts, plays, opera, et cetera. - in ChinaDaily Jim Rogers is an author, financial commentator and successful international investor.
Jim Rogers Blog
Without a much easier monetary policy and a less front-loaded mode of fiscal austerity, the euro will not weaken, external competitiveness will not be restored, and the recession will deepen. And, without resumption of growth – not years down the line, but in 2012 – the stock and flow imbalances will become even more unsustainable. More eurozone countries will be forced to restructure their debts, and eventually some will decide to exit the monetary union. - in www.sundayszaman.com Related, iShares MSCI Spain Index ETF (EWP), iShares MSCI Italy Index ETF (EWI) Nouriel Roubini is an American economist.
Nouriel Roubini Blog
One might dispute the biblical assertion that “the poor always ye have with you” (John 12:8, King James Version), but it is indisputable that we will always have the top 1 percent of the income distribution among us. The recent focus on the top 1 percent by the Occupy Wall Street movement has drawn attention to the distribution of income in the United States and the trend toward increased inequality of income in the last three decades (see, for example, this January 2012 speech by the Chairman of the President's Council of Economic Advisers, Alan Krueger). Resentment over the sometimes extravagant lifestyle of the wealthiest 1 percent has been acute at times, perhaps especially in New York, where we find this historical echo of the slogans heard today in Zuccotti Park. Edwin G.
Liberty Street Economics
The three Working Groups full reports and the Synthesis Report, the final part of the AR4, are available online (see here below). Hardcopies of the Summaries for Policymakers + Technical Summaries are available for free in the 6 UN official languages upon request to the IPCC Secretariat. Hardcopies of the full reports can be purchased from Cambridge University Press . A limited number of free copies are available for academic institutions from developing countries and countries with economies in transition upon request to the Secretariat. Unless otherwise stated, the information available on this website, including text, logos, graphics, maps, images, audio clips or electronic downloads is the propriety of the IPCC and is protected by intellectual and industrial property laws.
IPCC - Intergovernmental Panel on Climate Change
One election at a time, voters in Europe are tossing out politicians associated with “austerity”. This week, it was national elections in France and Greece, and state elections in part of Germany. Nicolas Sarkozy became the eighth leader of a eurozone member country to lose his job in a little over a year. read » Last week I wrote a piece about the worrying phenomenon of Colony Collapse Disorder, a complicated problem that is decimating bee populations worldwide, and the theorized role of a a group of pesticides, the neonicotinoids, sold by the agrochemical giant, Bayer. read » Eieke Batista, the Brazilian billionaire who helped bring the Olympics to Rio, used to keep his $450,000 Mercedes McLaren SLR in his sitting room to remind him of his $27 billion empire. read »
Economics Information and Economics News - Forbes.com
The bottom line here is gold is headed much higher and the next big move in gold will be up. People who speculate are betting on a huge drop in gold. That’s what the gold stocks are forecasting. They are forecasting a precipitous decline. - in Kitcomm
Peter Schiff Blog
The Pew Economic Policy Group | Financial Reform Project
Jun 29, 2011 - Capital and liquidity standards for banks and other financial institutions proved to be inadequate during the financial meltdown of 2008. The severity of the crisis, coupled with deficient data quality, models, risk-management practices and regulatory oversight, rendered those standards meaningless. To prevent this from happening again, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was passed and, among other mandates, it requires stress tests for individual institutions and the financial system as a whole.
The Financial Policy Forum and the Derivatives Study Center were created to improve the public policy debate over financial and economic policy by conducting research into financial markets, their impact on the economy and the proper level of regulation and taxation of those markets. The Financial Policy Forum is a research project for the study of financial markets, financial market regulation and macroeconomic policy. This policy research will take the form of full length Special Policy Reports, shorter Special Policy Briefs and basic Primers. The Forum also will hold conferences and provide speakers and training to policy makers, the media and other conferences and meetings.
FINANCIAL POLICY FORUM -- Derivatives Study Center
The Financial Policy Forum drafts Primers for the purpose of providing access to the understanding of the financial markets. They are written for the intelligent but non-specialized reader. In doing so, we strive to make concepts clear and simple while avoiding saying something that is not technically correct.
Special Policy Briefs
I’ve been getting the predictable hysterical reactions to today’s column. And it’s true — I’m a Sharia Jewish atheist Marxist who hates America! Bwahahaha! But one thing actually worth reacting to is the assertion I keep getting that this is all a distraction, that even if we seized all the money of the top 0.1% it would make no difference to the fiscal outlook.