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The Daily Ticker: Turning Japanese: America Will Suffer a ‘Lost Decade’ if We Don’t Change, Alpert Says
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The Flight of the Doves: Money, Spending, Employment, Inflation, Disinflation and the Need to Compete in a Changed World
U.S. government interventions in the economy, initially aimed at arresting financial free-fall, and swiftly followed by additional measures targeted at spurring an economic recovery, have been quite successful with regard to the former goal. But such policies have been notably unsuccessful at restarting activity that can be described as anything more than tenuous and – [...]
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Employment and QE2 Discussed on Bloomberg’s “Taking Stock”
I am hoping that you enjoy (maybe that’s too strong a word, given the subject matter) the Think Tank segment on Employment and QE2 that we did on Friday’s “Taking Stock with Pimm Fox” on Bloomberg television. It can be found here: http://www.bloomberg.com/video/70495346/
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Of Course, They’ll Lend it Out
Last evening I watched the very entertaining HBO television movie version of “Too Big to Fail” based on the acclaimed book of the same name written by my friend, The New York Times’ Andrew Ross Sorkin (in which he was kind enough to quote me). The film ends with the Henry Paulson character, having just injected [...]
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Poetic Injustice
To put current trends, the markets and our marcoeconomic orientation, into perspective, I offer the following short rhyme (yes, I know the haiku portion of below doesn’t rhyme): On Bonds: Ben and Bill fought a battle up hill, To fetch a drop of reflation. Ben broke down ‘fore another round, And its Gross who’ll be [...]
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Welcome to Dan Alpert’s Two Cents on EconoMonitor.com
Welcome to Dan Alpert’s Two Cents on EconoMonitor.com. This blog will give you access to material I publish at Westwood Capital, LLC – the New York-based investment bank I co-founded in 1995 – as well as periodic musings that will be posted only here (generally derived from my ongoing conversations with economists, policy experts, investors [...]
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This Is Your Debt…This Is Your Income Distribution on Debt: Not Your Grandfather’s Economy
Let’s keep this relatively simple. Apropos of the Republican/Democratic tussle that finally went to the mat yesterday with the President’s speech at George Washington University: We offer two charts to illustrate where we are, and why “where we are” is not sustainable. The graphs below speak for themselves – but we’ve nevertheless thrown in a [...]
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How Mad Is the Mad Hatter?
QE2 has, in practice, been an “Alice in Wonderland” policy – disorienting the markets to the point that a declared “buyer at any price” (the Fed) is able to buy more cheaply because of fears that the buyer’s debt monetization policy will result in global inflation. In the commodities and energy complexes and other liquid [...]
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Reflection on a Tumultuous Day
Those who think the meltdown in the markets is anything more than catalyzed by nuclear “meltdowns” in Japan (on the cusp of the toppling of some petty tyrants) are in need of some X-radiation on their brains to see what’s wrong (i.e. need to have their heads examined). There have been two liquid tsunami’s – [...]
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Some Perspective on the Roiling Markets and an Allusion to Great Literature
Toto pulled the curtain to reveal the Wizard of Oz and he ballooned back to Kansas – sometimes exogenous events set off the inevitable change in circumstances that are otherwise unsustainable.
