American Economics & the American Economy
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All flavors of economics pertinent to the U.S.; all perspectives on the American economy.
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How Obama Can Convince Congress to Enact a Larger Stimulus, and Why He MustThe Administration's biggest economic mistake so far was to badly underestimate last January how bad the employment situation would become by Fall. As a result, it low-balled the stimulus -- settling for a plan that, while avoiding even worse job losses, didn't go nearly far enough. Obama has ...
Giorgio Bertini
added
31 hours ago
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Mishel on double-digit unemploymentAfter rising for more than two-and-a-half years, the country’s unemployment rate crossed into double-digit territory in October with a jobless rate of 10.2%. This provides another sign of the severity of the current downturn, the very long road we face back to full employment and the urgent need ...
Giorgio Bertini
added
31 hours ago
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At 10.2%, October’s unemployment is a wake-up callThough the American Recovery and Reinvestment Act (ARRA) now has GDP growing again, this morning’s Bureau of Labor Statistics’ October employment report found that the jobs situation nevertheless continues to worsen. Unemployment rose dramatically to 10.2% in October, the highest rate since ...
Giorgio Bertini
added
31 hours ago
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Bookmark
Let A Hundred Theories Bloom - Joseph Stiglitz et alThe economic and financial crisis has been a telling moment for the economics profession, for it has put many long-standing ideas to the test. If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause ...
Giorgio Bertini
added
31 hours ago
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The Great Contraction of 2008-2009A popular view among economic forecasters and market bulls is that “the deeper the recession, the quicker the recovery.” They are right – up to a point: immediately after a normal recession, economies do, indeed, often grow much faster than usual over the ensuing twelve months. Unfortunately, ...
Giorgio Bertini
added
31 hours ago
Comments
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2The Gravity-Defying Dollar | Gold NewsExcellent time-line analysis of the new global monetary bubble and stock markets bubbles.Giorgio Bertini added 3 months ago
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2Home"In 200,000 years on Earth, humanity has upset the balance of the planet, established by nearly four billion years of evolution. The price to pay is high, but it is too late to be a pessimist: humanity has barely ten years to reverse the trend, become aware of the full extent of its spoliation ...Giorgio Bertini added 5 months ago
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2Rules for a Bank BailoutAfter four months, with large amounts of water (trilions) under the bridge, the rules are still waiting to be deployed.Giorgio Bertini added 5 months ago
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2When the Unconventional Becomes Conventional: Monetary Policy in Extraordinary Times - redesigning an airplane while flying itA Central Banker candidly lecturing about extreme monetary experiments.Giorgio Bertini added 5 months ago
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2The Last Temptation of RiskA crude analytical paper on how economists and financial engineers were involved on the road to the mess.Giorgio Bertini added 5 months ago
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Started Mar. 4, 2008
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