Lester Thurow says China won’t overtake the U.S. anytime soon

Curious Capitalist reader YMM alerts me to an interesting Lester Thurow column in the Sunday NYT and wonders what I think. I’m generally very dubious of Professor Thurow, given as how he spent the early 1990s arguing that the U.S. economy was doomed, only to jump on the U.S.-is-best bandwagon later in the decade. But [...]

If California’s economy can’t survive without illegal immigrants, whose problem is that?

Sunday was my last day for a while of reading the San Francisco Chronicle on paper over breakfast (of course, if Jon Fine gets his way, it will be my last day ever of reading the Chron on paper). The lead editorial in particular caught my eye. Headlined “a war on state’s economy,” it begins: [...]

The Fed’s modest little market rescue effort, and what comes next

From this morning’s W$J, an account of what New York Fed President Tim Geithner did last week: Particularly at times of stress, what the Fed says can be almost as powerful a weapon as what the Fed does. So Mr. Geithner, whose job makes him the traditional liaison to Wall Street, turned to a convenient [...]

The last of the vacation photos

After all that Southern California overkill, here are my photos of the Northern California sights. On Monday I’ll get back to freaking out about the mortgage market. The kitchen at Chez Panisse: The Exploratorium: The Coliseum (final score A’s 8, White Sox 5):

Major Southern California tourist attractions

That’s Blackie’s Beach, in Newport Beach. And this is some panda in San Diego:

The Munch Box

This is where you get your chili dogs in Chatsworth, in the northwestern corner of the San Fernando Valley:

Stark white L.A. buildings

Barring the end of the global financial system as we know it, I’m back to vacation photoblogging for the rest of the week. The Curious Capitalists are up in Northern California now, but I grew up here and find it far less exotically photogenic than the Southland. So I’ll robopost a few more shots from [...]

If only more of the world’s financial markets were actually markets

The Curious Capitalists spent last week visiting the Getty Center, the San Diego Zoo, and various other Southern California attractions. All the while I was getting bits of information here and there about the strange state of global financial markets, and feeling very out of it and confused. I’m still nominally on vacation today, but [...]

There appear to be hobbits living in L.A.

Man working on sign

No, there’s no deeper meaning to this. I just thought it looked cool: