America's Economic Future – A Discussion By Ted Kavadas
Starting with my June 2, 2010 post I wrote of my expectation for a near-term stock market advance despite what I viewed as highly problematical future conditions. I continue to maintain this view, albeit with the dangers discussed in subsequent posts, including that of October 13, 2010 “Comments On The Next Crash.” Although I continue …
This post is an update to that of December 9, 2010, “Measuring QE2 Effectiveness.” There are many different ways one could use to gauge whether QE2 is successful. Of great significance, I am not aware of any official statement that specifically states the goals (and metrics of such) of QE2. However, lowering of interest rates, …
This post is the latest update to a series of blog posts seen on the CalculatedRisk.com blog. The original blog post of April 12, 2010, is titled “Recession Measures.” In it, Bill discussed key measures that the NBER uses to determine recoveries, and posted four charts. Here are those charts, updated in his February 6, …
As I have commented previously, as in the October 6, 2009 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction; they serve to understate the severity of unemployment. However, even if one chooses to look at the official statistics, the following …
I could comment extensively on Ben Bernanke’s speech and Q&A at the National Press Club yesterday, as I partially and fully disagree on many of the comments he made. I find it unfortunate that official transcripts of this and previous Q&A sessions are not available. (speech video and transcript; Q&A video and partial transcript) One …
On January 7, The Wall Street Journal conducted an interview of Alan Greenspan. I found a few aspects of this interview to be interesting. Perhaps most notable was the following comment by Greenspan, seen at the 13:58 mark: “…the primary purpose of a central bank is to protect the value of the currency…” I will …
For a variety of reasons, I believe the economic forecasts previous to and during the “Financial Crisis” of late ’08 – early ’09 deserve scrutiny. I have assembled a variety of the more notable forecasts and opinions of the period in a document titled “Predictions.” Additionally, I would like to highlight the August 2008 Wall …