This is a big bang for big data, and will spur a frenzy of activity http://t.co/9QvatsQhGv
10 minutes ago
Roubini Topic Archive: Fiscal Policy
-
Another Summer of Discontent: The Four Factors that Explain Why What We’re Doing Isn’t Working
Here is what we know about the global economy given the experiences of the past four years: There is a global insufficiency of demand relative to an immense oversupply of labor and productive capacity. The imbalances between high-wage/current-account-deficit/balance-sheet-indebted nations and lower-wage, surplus nations have produced a glut of savings in the latter, relative to the opportunities [...]
-
The Third Wave: Is America, Once Again, Pricing Itself Out of a Job?
Dear readers: I am in the process of writing a book for Penguin’s Portfolio imprint that incorporates many of the subjects and views I have presented over the years in Dan Alpert’s 2 Cents and in my writing for Westwood Capital, LLC. Accordingly, I have had little time to blog of late. Nevertheless, last week’s [...]
-
Earth to Paul Krugman
This past Sunday, Paul Krugman penned a screed in the New York Times Magazine (entitled, somewhat unflatteringly in my opinion, “Earth to Ben Bernanke”) that expanded on the content of an ongoing debate in the economics blogosphere over the contents of the mind of Federal Reserve Board Chairman Ben Bernanke. Professor Krugman has posited for months [...]
-
Tinkerbell Economics – The Confidence Fairy, Pixie Dust and a Sleeping Dragon
While we may be hours away from a partial (and certainly a stopgap) agreement in the talks among the Greek government, the troika and private sector creditors, it is doubtful that a deal will emerge in a fully constructed fashion that will survive its application in the real economy. It is likely that the only common view amongst [...]
-
On Sticky Wages and What Happens when Inflation is No Longer an Alternative
Over the past weekend, on his blog on nytimes.com Paul Krugman published a piece entitled “Lessons from Europe” in which Paul approvingly cites a (Oxford economics professor) Kevin O’Rourke article on the EU summit, in which Prof. O’Rourke lays out a very correct argument as to why internal devaluation will not work in the Eurozone [...]
-
With Norm Ornstein of the AEI and Michael Franc of The Heritage Foundation Discussing ‘The Way Forward’ on Bloomberg TV
Norm Ornstein, one of the most respected members of the conservative Washington think-tank, The American Enterprise Institute, endorses ”The Way Forward” (the white paper I co-authored with Nouriel Roubini and Robert Hockett for The New America Foundation) at the end of this clip. I was pleasently surprised and very much honored – thank you Norm:
-
Discussing ‘The Way Forward’ With Reuters
Click for Video Video provided by Reuters Insider (http://insider.thomsonreuters.com/)
-
Dear Paul (Krugman) Letter: Inflation Would be Dandy – But Try to Make it Happen
A couple of days ago, Paul Krugman published a blog post in which he slammed a column that his fellow Paul (Volcker) had written for The New York Times in which he, unsurprisingly, warned of the dangers of inflation. While I agree with Professor Krugman that inflation today is no danger, and would arguably be [...]
-
From Voodoo Economics to Pooh-Poohing Economics
“Let me live ‘neath your spell, Do do that voodoo that you do so well.” – Cole Porter It is said that any organization needs to understand and agree upon its problems, before it can develop solutions to them. The developed world, its inhabitants – and particularly its governments and political leadership – are having [...]
-
Reflections on “Correction 2″ – This Summer it’s Different
I feel more emboldened than ever (probably a good sign I should be rethinking my premise) to reiterate my general contextual theory that the developed world is experiencing the dual deflationary forces of a “supply shock” from the emerging markets, combined with a debt overhang remaining from the bubble period. During the credit bubble the [...]
