America's Economic Future – A Discussion By Ted Kavadas
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 …
“Get your share of the stimulus!” is a slogan that has typified the auto dealer advertising for the “Cash for Clunkers” program. For many reasons, I think that the “Cash for Clunkers” program is highly flawed on an “all things considered” basis and should have never been legislated. Without writing a “book” on the subject, here are a …
This is the fourth and last post (for now) with regard to my thoughts on the idea of further stimulus. At this juncture, one is led to wonder “what if more stimulus is enacted?” What may be its potential size and composition? As seen in the following video interview of Christina Romer: http://www.cnbc.com/id/15840232?video=1170636023&play=1 her view on the …
This post will focus on the $787 Billion stimulus. As mentioned in the last post, there are varying perceptions as to its effect-to-date. I would like to go back to earlier this year, before the stimulus was enacted. I would like to briefly discuss the plan at that point, as it, as well as the analysis that accompanied …
Perhaps one of the first questions that should be asked with regard to our current economic difficulties is “Do we Understand the Problem?” I discussed this concept in the article “President Obama’s Greatest Challenge” (listed here as the fourth article): https://www.economicgreenfield.com/prosperitybypencom-directory/ Do we understand the problem? I will leave that question unanswered, for now. However, some aspects …
Recently, there have been calls by some for additional stimulus. As I believe this issue deserves significant analysis and discussion, the next few posts will address various facets of this issue. I would like to start addressing the issue by calling attention to an article I wrote in January. It is titled “My Overall Thoughts …
I found the following article to be of interest. It is titled “New Evidence on the Foreclosure Crisis” and is found in The Wall Street Journal, p A13, July 3-5, at this link: http://online.wsj.com/article/SB124657539489189043.html While I can’t verify his analysis, the article is worth reading. I don’t agree with all of his conclusions, especially his remark that …
In the last post, Warren Buffett commented what he was seeing with regard to signs of an upturn. This link contains what John Rice, Vice Chairman of GE recently (6/19) said: “I am not particularly of the green shoots group yet,” Rice said today to the Atlanta Press Club, referring to a phrase used by Federal Reserve …
A couple of days ago I posted excerpts of a speech by Ben Bernanke in which he outlines various reasons for inherent uncertainty and difficulty in economic predictions and forecasts. It appears that ever since the start of The Financial Crisis, in early 2007, it has been very difficult for forecasters to accurately predict economic performance. For those interested, I have compiled …