Tag: Finance
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Reading List
A number of people have asked me lately what I’m reading on economics and the financial markets right now. Truth is, I’m always reading such things, and no short list can even come close to covering the variety of material I try to read, from the scholarly and serious (e.g., Posner, Becker, Mankiw, etc.) to…
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An Economic Record for the Ages
When the Bank of England does anything for the first time – it’s 315 years old this year, after all – it’s worth noting.
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88 More Reasons…
I am glad to live in Texas, and glad I do not live in New York.
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Slope of Hope – We’re on it
My favorite new (but not new favorite) blog is Evil Speculator (tagline, “bent on market domination, one nefarious trade at a time”). It posted a fantastic and disturbing chart from Gold-Eagle. The chart is one of the best demonstrations I’ve seen of a concept called the “slope of hope.” The idea is that (in significant…
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$7,400,000,000,000
That’s what the Fed is pledging to “rescue the financial system,” according to Bloomberg.com. That’s 50% of 2007 GDP, or 288% of 2007 federal tax revenues. Makes my prior post sound look like a praise of good budgeting.