Though I have written extensively about the Recession of 1920, it is worth revisiting it per Glenn Beck’s show last night.  Beck rightly pointed out that the policies of decreased taxes and decreased government spending implemented by both Harding and Coolidge paved the way for the dramatic economic growth of the roaring 20s. What Beck [...]

You may recall our optimistic prediction in November that the positive trending in the labor market pointed to net jobs growth by Christmas. Revised government numbers on Friday bolstered that assertion.
Further it is now clear that for job seekers in 2010, the economy will likely be their friend. With a 5.7% GDP growth in [...]

In my study of political economy, one of the most overlooked yet fascinating historical episodes I have come across is the Recession of 1920-21. A handful of free-market economists have tackled this crisis, and I decided to throw in my lot with them and pursue the subject further myself.
Below is the abstract for my critique [...]

As we ring in the New Year here are the top Good News Headlines of 2009.
1. Graphs That Lie (A First Look 1974 vs 2008 Stock Behavior)
2. What was Warren Buffet doing in 1974? (Invest Now and Get Rich)
3. John Cassidy (The Eternal Pessimist) Sees The Light
4. Deflation? NOT!
5. Evidence [...]

Writing an op-ed for NY Times, Nouriel Roubini discusses the role of Ben Bernanke in this year’s recession (link).
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In thinking of protectionism, the Great Depression, the Great Recession, and what might come next, here are two interesting angles.
Governments with their backs against the wall
Ideally, stabilisation using monetary and fiscal policy, alongside actions by the private sector, should restrain the decline in consumption, and yield conditions which are not too harsh for households. At [...]

I reckon it must be quite tough at the moment to be an analyst or a money mover/manager. This is not only because of difficult markets and a very opaque economic outlook, but more so because as we move into year’s end we are flooded by a veritable tsunami of sell and buy side research  [...]

New York Times published an interesting geographic map of the recession in the U.S (link)

The latest macroeconomic data from major world economies suggested that the recessionary contraction is likely to be ended in the light of positive news on GDP growth and midterm macroeconomic outlook. However, the road of the economic recovery remains uncertain. The policymakers responded to the great contraction of 2008 by decreasing interest rates close to [...]

… at least not yet that is. Let us see how the rest in Europe will fare.
(From Bloomberg)
U.K. gross domestic product unexpectedly dropped in the third quarter as enduring slumps in services, manufacturing and construction kept the economy mired in its longest recession on record.
Gross domestic product dropped 0.4 percent from the previous three months, [...]