Posted from naked capitalism 18 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
Apologies for thin posts. Fears harsh winter harmed UK wildlife BBC PROMISES, PROMISES: Records not so open with Obama Associated Press. Obama is even less responsive to FOIA requests than Bush. The politicization of economic problems Ed Harrison N Korea ‘executes’ top official Al Jazee... (original story)
Posted from naked capitalism 18 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
A post by Edward Harrison In reading Scott Sumner’s take on the China currency peg dilemma, I see that both he and Paul Krugman hit on the fundamental problem in the debate: reserves. Everyone is talking about the peg as if relaxing the peg will be the magic bullet to America’s current account p... (original story)
Posted from naked capitalism 18 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
So which theory is it: stunning bureaucratic incompetence, wishful thinking and denial (a better gloss on theory #1) or a cover up? Or a combination of the above? No matter which theory or theories you subscribe to, the continuing revelations of how the SEC and perhaps more important, the New York Fed conducted themselves in the [...] (original story)
Posted from VoxEU.org: Recent Articles 18 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
Bárbara Castelletti, Jeff Dayton-Johnson, Ángel Melguizo, 19 March 2010The economic effects of immigration are often controversial. This column introduces the preliminary findings from a new database on immigration in Latin America and the Caribbean. While immigrants do not seem to displace domestic workers, they are often working in sectors unsuitable for their skills. Better policy could help the destination countries as well as the immigrants themselves.Full Article: Migration in Latin America: Answering old questions with new data (original story)
Posted from Econbrowser 18 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
And how does a "punk staffer" differ from a non-punk staffer? (original story)
Posted from The price of everything 18 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
“Everyone loves an early inflation. The effects at the beginning of inflation are all good. There is steepened money expansion, rising government spending, increased government budget deficits, booming stock markets, and spectacular general prosperity, all in the midst of temporarily... (original story)
Posted from naked capitalism 18 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
Has the Chinese export sector become hostage to WalMartization, the ability of powerful retailers to squeeze vendor profit margins? Reader Michael Q called our attention to a key remark in a Wall Street Journal story: Vice Commerce Minister Zhong Shan, in an exclusive interview Thursday ahead of a visit to the U.S., said that the profit [...] (original story)
Posted from Econbrowser 18 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
The CBO and the Congressional Joint Committee on Taxation have just released its scoring of "budgetary effects of the reconciliation proposal, in combination with the effects of H.R. 3590, the Patient Protection and Affordable Care Act (PPACA), as passed by the Senate". The link to the document is here. The CBO/JCT estimated reduction in the deficit over FY2010-2019 is $119 billion. A comparison of the impact on the budget balance against previous reconciliation measures is presented in Figure 1, below. Figure 1: Impact on budget balance, in billions of FY2010$, for EGTRRA; for JGTRRA; and... (original story)
Posted from Winter (Economic and Market... 21 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
One of the bailout measures the Obama administration made was a $108 billion loan from Treasury to the IMF. This has not been scored or reflected on the budget because of the receipt of a IMF promissory note. Now Germany is pushing the idea the Greece is really an issue for the IMF to handle. The [...]View the full article (original story)
Posted from Winter (Economic and Market... 1 day 20 hours ago
Economy News and Market : The Wonks: Economy News and Analysis
Russ Winter's Actionable- Joo Janta Super-Chromatic Peril Sensitive Sunglasses Wednesday, March 17, 2010 Underfunded Gumnut pension funds are making big bets to try and play catch up based on the "let's flood the world with money and Gumnut guarantees and hope s... (original story)