Laura Tyson on Economic Forecasting

I recently ran across a quote from Laura Tyson.  It highlights some issues with regard to economic forecasting.  Here is her quote: http://www.msnbc.msn.com/id/31910717/ns/business-eye_on_the_economy/ “We are in a balance sheet recession,” said Laura Tyson, a former head of the Council of Economic Advisers during the Clinton Administration who is now one of President Obama’s economic advisors. … Read more Laura Tyson on Economic Forecasting

Roubini’s Statement of Yesterday

After I wrote a post yesterday about Nouriel Roubini’s latest thoughts on the economy going forward, he came out with a statement that elaborated upon his stance.  It can be found at the following link: http://www.cnbc.com/id/31947275 As I pointed out yesterday, I find his views and forecasts to be important for a number of reasons, … Read more Roubini’s Statement of Yesterday

Financial Terms That Have Fallen Out of Use

I find it interesting that certain financial and economic terms seem to have completely fallen out of use, especially in the press.  Among these I would include “Quality of Earnings” and “Fiduciary Responsibility.” As well, “Moral Hazard” is still used but surprisingly much less than one would think.  It seems to be on the way out. What is the … Read more Financial Terms That Have Fallen Out of Use

Economic Forecast From The Federal Reserve

The recently released minutes of the June 23-24 FOMC meeting, found here: http://www.federalreserve.gov/monetarypolicy/fomcminutes20090624.htm stated the following:  “The staff projected that real GDP would decline at a substantially slower rate in the second quarter than it had in the first quarter and then increase in the second half of 2009, though less rapidly than potential output. … Read more Economic Forecast From The Federal Reserve

Recent ECRI Statements

In this post I would like to highlight ECRI and some of its recent statements, after which I will make comments. From a recent (7/14/09) Newsweek story, quoting ECRI, found here: http://www.businesscycle.com/news/press/1481/ “From our vantage point, every week and every month our call is getting stronger, not weaker, including over the last few weeks,” says … Read more Recent ECRI Statements

“First Time of Adversity” Effect

There was a recent article in The Wall Street Journal titled “Detroit’s Food Banks Strain to Serve Middle Class”: http://online.wsj.com/article/SB124718194179420129.html One aspect that caught my attention was the mention of people who are receiving aid for the first time.  In fact, the story points out that some people who used to be donors to the … Read more “First Time of Adversity” Effect

Various Characteristics of Today’s Economy

I would like to mention an article in today’s Wall Street Journal, titled “The Economy Is Even Worse Than You Think.” http://online.wsj.com/article/SB124753066246235811.html I found the article does a good job of highlighting certain characteristics of this period of economic weakness. These characteristics reinforce a theme mentioned previously on this blog, that we are in a “new (economic) environment.” … Read more Various Characteristics of Today’s Economy

Comparing The Great Depression To Our Current Economic Situation

In previous posts I have spoken of the comparisons between our current period of economic weakness and that of The Great Depression.  Those posts were on June 22 and June 15, and can be found at these links: https://www.economicgreenfield.com/2009/06/22/are-we-avoiding-a-depression/ https://www.economicgreenfield.com/2009/06/15/great-depression-stock-charts-vs-our-current-period/ I would like to reiterate my view, seen in the above links, that although our current … Read more Comparing The Great Depression To Our Current Economic Situation

Some Corporate Views On The Economy

Here are some recent articles in which corporations opine about the economy.  In general, in these articles it is seen that these corporations agree with the current economist consensus that “the worst is over”: U.S. Economy: Manufacturing Shrank Least Since August (Update1) http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_.lKyRsGFJg “Car Makers See End to Sales Slide” http://online.wsj.com/article/SB124646313562280557.html “FedEx Sees Signs of a Turnaround” … Read more Some Corporate Views On The Economy

Warren Buffett’s July 9 Interviews

I Warren Buffett’s July 9th interview on CNBC http://www.cnbc.com/id/31836625/  to be interesting, especially when he says: “And it’s very important the economy gets, comes back.  It will come back.  Government has less influence on how fast that happens than a lot of people would like to hope that it would.  But government is a player, … Read more Warren Buffett’s July 9 Interviews