Political Volatility

Over the last few years the political scene has become more volatile, swinging from heavily Republican to heavily Democratic.  Now, it appears as if the political volatility is increasing yet again, with the recent election of Scott Brown and the unexpected hurdles Ben Bernanke is facing during his reconfirmation.  Many incumbents (and political appointees) who until recently seemed … Read more Political Volatility

Characteristics Of The Housing Bubble

Given the incredibly outsized intervention efforts in the residential real estate market, I think it is important to examine some dynamics of the real estate bubble. Here is a chart from the 12/15/09 Contrary Investor commentary that I believe is interesting, as it depicts some underlying residential real estate fundamentals.  It shows the equity and mortgage … Read more Characteristics Of The Housing Bubble

More On The Fannie/Freddie Developments Of December 24

Here is a Wall Street Journal editorial on the December 24 developments at Fannie Mae and Freddie Mac.  This editorial provides some new perspectives on the matter: http://online.wsj.com/article/SB10001424052748704152804574628350980043082.html My original comments on these developments was on December 28. I feel it is critically important to understand the extent of intervention as it pertains to the housing market.  Fannie … Read more More On The Fannie/Freddie Developments Of December 24

Ron Paul – “Be Prepared for the Worst”

I would like to comment on a commentary by Ron Paul in the November 16 edition of Forbes.  It is titled “Be Prepared for the Worst” and subtitled “The large-scale government intervention in the economy is going to end badly.” The commentary can be found at this link: http://www.forbes.com/forbes/2009/1116/opinions-great-depression-economy-on-my-mind_print.html While I don’t agree with everything that Ron … Read more Ron Paul – “Be Prepared for the Worst”

The Hyperinflation Theme

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 … Read more The Hyperinflation Theme

My Thoughts on More Stimulus, Part IV

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 … Read more My Thoughts on More Stimulus, Part IV

My Thoughts on More Stimulus, Part III

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 … Read more My Thoughts on More Stimulus, Part III

My Thoughts on More Stimulus, Part II

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 … Read more My Thoughts on More Stimulus, Part II

My Thoughts on More Stimulus, Part I

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 … Read more My Thoughts on More Stimulus, Part I

An Interesting Chart on Job Losses

I ran across the following chart from chartoftheday.com, and found it interesting: http://www.chartoftheday.com/20090703.htm?T As one can see, the current degree of job losses is rather atypical. I would also like to highlight another issue as well.  From a historical perspective, this (purported) recession, that the NBER has classified as having started in December 2007, is … Read more An Interesting Chart on Job Losses