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Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media
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23 июня 2011, 06:55

Debt Ceiling Choices

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This sums up Congress pretty well:

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22 июня 2011, 23:37

Keynesian Economics: How Governments Dealt With Past Recessions

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Fascinating interactive graphic from the NYT, circa January 2009: “Since the Great Depression, presidents have frequently experimented with Keynesian economics to combat recessions. Three economists chronicle the history of government policy during past recessions and explain what worked and what didn’t.” > click for interactive graphic

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22 июня 2011, 21:52

The Illusion of Certainty

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Watch live streaming video from worldsciencefestival at livestream.com hat tip boingboing

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22 июня 2011, 21:00

We Need BABs!

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We Need BABs! June 21, 2011 David Kotok Peter Demirali ~~~ Yields on Treasury notes and bonds are at lows for the year, following weak economic data and declining equity and commodity markets. Higher food and energy prices drained the budget of a consumer sector that is saddled with a high debt burden and poor [...]

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22 июня 2011, 20:30

What Will the Press Mistakenly Focus on Today?

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Here’s a Wordle of the April 27th FOMC press Q&A (only): (Click through for larger.  “Inflation” ruled the day by a longshot.) NOTE:  I have removed the words “Chairman,” “Bernanke,” and “economy.”  According to Wordle, the word “jobs” did not appear, or at least not sufficiently to make the cut (though the singular “job” did; it’s [...]

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22 июня 2011, 20:04

The Fed speaks

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The FOMC acknowledged the recent weakness in the economy but they believe the factors causing it “are likely to be temporary” as they think inflationary pressures will recede and the supply chain disruptions from Japan dissipate. On inflation, they again mention the influence of higher commodity prices and specifically did not say “measures of underlying [...]

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22 июня 2011, 19:30

Are Economists Now Too Pessimistic?

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Société Générale has a very interesting piece out this morning looking at the notion of economic surprises and a double-dip scenario: “The economic surprise indicator has returned to very low levels, indicating that a lot of negative surprises are now discounted. We don’t believe that the indicator will remain low for long as the drop [...]

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22 июня 2011, 17:51

Greek PM survives – as expected; China Trouble?

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Kiron Sarkar lives in London and Ireland where he works as a money manager. He occasionally attends the Scarsdales Equity idea lunches when he comes to New York, which is where I met him. ~~~ Hi there, Credit Suisse has recently issued an excellent report on Chinese banks - basically downgraded them (ex ICBC) and [...]

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22 июня 2011, 17:30

Mid-Week Reads

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Today’s reading list: • Greek savers rush for gold (FT) • Ex-IMF Chief Economist: Debt Ceiling Default Would Be “A Calamity” (TPM) • L.A. suit calls Deutsche Bank a slumlord (LA Times) • Robert Nozick: The Liberty Scam (Slate) • In Defense: Why @Peanutweeter Should Be Considered Fair Use (Peculiar Sleep) • Yahoo Bet on [...]

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22 июня 2011, 16:00

Best ever performance of Rosalita? – Bruce Springsteen & the E Street Band

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Bruce Springsteen may have been on the covers of both “Time” and “Newsweek”, but he was positively unknown. This was half a decade before MTV, long before Reagan legitimized greed and money became more important than music. The only way to hear the music was to buy it, or to wait for your favorite radio [...]

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22 июня 2011, 15:18

Jump Starting the U.S. Economy

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I always find it interesting how ideas travel through society. Sometimes they are infectiously passed along like a virus; other times they spontaneously appear in multiple places at once, as an obvious and logical response to situations. This has been on my mind this week. The second slowing of the US economy, the problems in [...]

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22 июня 2011, 15:11

Greek vote a lack of a negative/FOMC

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From a market perspective the confidence victory for the Greek PM is a relief but rather than being an incremental positive, it is just a lack of a negative as this political turmoil and parliamentary vote next week is just to satisfy the bailout deal that was struck a year ago. Assuming passage of the [...]