Money and Finance
John Mauldin: Debt Be Not Proud
The unemployment numbers came out yesterday, and the drums for more quantitative easing are beating ever louder. The numbers were not all that good, but certainly not disastrous. But any reason will do, if what you want is more stimulus to boost the markets ever higher. Today we will look first at the employment numbers, because deeper within the data is a real story. Then we look at how effective any monetary stimulus is likely to be.
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John Mauldin: The Unemployment Surprise
The unemployment number surprisingly dropped to 7.8% last Friday, and the shoot-from-the-hip crowd came out in force. To say that the jobs report was met with skepticism would be a serious understatement. The response that got the most immediate airplay...
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John Mauldin: Where Will The Jobs Come From?
Each month investors and politicians in countries all over the world obsess over the release of the monthly employment numbers. Even though these numbers are likely to be revised significantly from the original release, the markets can't help responding...
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John Taylor On Econtalk
John Taylor of Stanford University talks with EconTalk host Russ Roberts about the state of the economy and the prospects for recovery. Taylor argues that the design of the fiscal stimulus was ineffective and monetary policy, so-called quantitative easing,...
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Wsj Op-ed: Open Letter To Ben Bernanke
Signed by Seth Klarman, Jim Grant, Jim Chanos and Niall Ferguson, among others: The following is the text of an open letter to Federal Reserve Chairman Ben Bernanke signed by several economists, along with investors and political strategists, most of...
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Greg Mankiw, Paul Krugman, And Fiscal Stimulus
From Greg Mankiw's Blog: - - "a strategy of desperation" - My favorite book by Paul Krugman is Peddling Prosperity, which I once assigned in a course and still often recommend to students. A reader recently reminded me what the book says about the...
Money and Finance