President Bush mentioned (outlined is really too strong a word) his 1% solution for the economic slowdown this morning. That is, a temporary stimulus that equals about 1% of GDP. That is, $140 billion.
This comes after Ben Bernanke declared Thursday that he favored temporary fiscal stimulus of about that size, and made pretty clear that …
The commenter formerly known as p_lukasiak (now charmingly rechristened mediasux), asks an excellent question:
Now, correct me if I’m wrong, but the whole purpose of the Fed was to act as a brake on the economy when inflation rears its ugly head. And while I was initially supportive of a stimulus package, the problems with the economy
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The long-running saga of Danish taxes and skilled workers has taken a dramatic new twist, with the broadcast on Danish TV Wednesday night of an episode of the financial news show Magasinet Penge titled Kold dansk skulder til udenlandsk arbejdskraft, which means just what you think it means (if you think it means “Cold Danish shoulder to …
I’m big on adjusting for inflation when measuring the purported positive revenue impact of tax cuts (which makes most of that purported positive impact disappear). But in his blog today, Paul Krugman (who’s, like, good at math and stuff) does me one better and adjusts for population growth:
[F]ederal revenues rose 80 percent in dollar
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Fed chairman Ben Bernanke made it official this morning: He thinks it would be a good idea for Congress to approve some sort of fiscal stimulus package to aid the ailing U.S. economy this year. And for a guy who tries really hard to avoid taking the sort of political stands that his predecessor Alan Greenspan did, Bernanke made it …
I was on Brian Lehrer’s talk show on cuny.tv (as in the City University of New York) last night, discussing the economy and the presidential race with Vikas Bajaj of the NYT. Sorry for not giving advance notice, but I sort of figured that it’s only available on cable TV in NYC, and most Curious Capitalist readers (or at least most …
About.com economics guru (and fully signed-in Curious Capitalist commenter) Mike Moffatt looks at today’s CPI data (4.1% annual inflation in 2007!) and muses:
The more I look at oil prices, gold prices, inflation and the economy, the more I believe we are starting to re-live the early 1970s. I just hope the fashions don’t come back as
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A couple weeks ago I ran a list of the ten hottest global stocks of 2007 (India! India! India!). Now here, courtesy of Joe Quinlan at Bank of America (no link, sorry), are the world’s ten best-performing stock indices (in dollar terms) since the beginning of the decade (century, millennium, whatever):
1. Ukraine PFTS Index
2. Russia RTS …
This is from his opening statement (pdf!) at the hearing his Joint Economic Committee held this morning. And maybe I’m just getting soft in my middle age, but I think Senator Chuck is starting to sound more and more like the soul of centrist wisdom:
We must enact a stimulus package that is timely, targeted, and temporary. Economists
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The Curious Capitalist has just been upgraded to a new version of Movable Type that requires commenters to sign in. This is not because any of you have been naughty or anything (yeah, there were a few bad words in the great FairTax debate, but that was understandable). It’s because the old version of Movable Type was no longer much good …
Okay, you’ve probably seen this already (I just came across it on the Fake Steve Ballmer blog). But it’s never too late to share a viral video, right? Even a high-gloss, star-studded viral video manufactured by one of the world’s richest corporations:
Jonathan Cohn (via the guy with the office next to mine, who for some reason hasn’t been around much lately) has a piece in The New Republic in which he explains that Mitt Romney’s economic message seems to be resonating with Michigan voters more than John McCain’s (or Mike Huckabee’s, for that matter). After New Hampshire, we all need …
