America's Economic Future – A Discussion By Ted Kavadas
I think the following chart is one that surely deserves attention: (click on chart image to enlarge) Source: St. Louis Federal Reserve It shows the Median Duration of Unemployment. One notices the trajectory of the chart during our current period of economic weakness. Although I have reservations as to how the data on this chart …
I just posted a new article titled “America’s Trojan Horse.” The subtitle is “A Different Look At The National Debt.” It can be found under the “Pages” section along the right-hand side, as well as at this link: https://www.economicgreenfield.com/americas-trojan-horse/ The article goes well with many of the themes presented on this blog, including Sustainable Prosperity, America’s Economic …
The August 17 edition of Business Week, p19 had a column titled “A Record Revenue Decline.” It can be found here at the bottom of the page: http://www.businessweek.com/magazine/content/09_33/c4143btw375952.htm?chan=magazine+channel_the+business+week This line is especially noteworthy: “This marks the first time since S&P started tracking quarterly revenues (in 1993) that revenues dipped 10% or more for three quarters in …
One of the phrases that I have heard innumerable times is that our current period of economic weakness “isn’t as bad as The Great Depression because during The Great Depression unemployment was at 25%.” While I have commented repeatedly on this blog that I don’t believe we should be equating our current economic condition to that of …
One of the more prevalent themes mentioned has been the possibility, or probability, of hyperinflation. Hyperinflation is often mentioned due to the degree of “money pumping” and other intervention measures that have occurred in the last two years to combat this period of economic weakness. However, despite all of the predictions of hyperinflation, there appears to …
In the Saturday edition of The Wall Street Journal, there is an op-ed from Martin Feldstein titled “How to Save an ‘Underwater’ Mortgage.” The editorial provides a good summary of the numbers behind “Underwater” mortgages. Also, I think the article is beneficial in that it highlights the problem of mortgage defaults and foreclosures, and how “Underwater” mortgages …
Ever so often I come across a story concerning the FDIC and its wherewithal to be able to cover its potential commitments. It appears to be exceedingly thinly funded in relation to potential liabilities. This may not be a big issue going forward if the economy improves; however, it could become a very large issue …
This article caught my interest; it is titled “About half of U.S. mortgages seen underwater by 2011”: http://www.reuters.com/article/companyNewsAndPR/idUSN0526831020090805 Apparently their projections for “underwater” mortgages is based upon their forecast quoted in the article: “Covering 100 U.S. metropolitan areas, Deutsche Bank in June forecast home prices would fall 14 percent through the first quarter of 2011, …
Perhaps some have seen a recent Wall Street Journal editorial that commented on the economics and logic of the “Cash for Clunkers” program; it is subtitled “Let’s have a $4,500 subsidy for everything” and can be found here: http://online.wsj.com/article/SB10001424052970204313604574326531645819464.html In one of the articles I have written, titled “Intervention’s Potential Blindspots” which is listed halfway …
One of the criticisms I have read of the “Cash for Clunkers” stimulus is that the program is poorly administered. It seems disconcerting that such a seemingly simplistic program like the “Cash for Clunkers” program is poorly administered. One is led to wonder how more complex programs will be managed. The effectiveness, and efficiency of how …