Last winter I gave a forecast to the agents of a commercial real estate company. The forecast was necessarily negative, but it was well received by the agents. The company’s president was another matter. He was downright angry. I wasn’t optimistic enough. A very similar vignette played itself out when I gave a forecast . . . → Read More: Optimism, Pessimism, and Reality
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It’s not everyday that Greg Mankiw and Paul Krugman agree. When they do, it’s worth thinking about. Here are their blog posts: Krugman & Mankiw. The topic is a Taylor Rule, which is a method, proposed John Taylor, for determining what Fed Policy should be. That is, what is the interest rate that the . . . → Read More: Krugman, Mankiw, and the Problem with Zero Princess just missed her first-ever soccer goal in her first-ever game. Good thing too. It was the wrong goal. # Oregon, I hate to say I told you so, but I did, along with Eric Fruits: http://bit.ly/9wgQOM # Arnold draws a line in the sand: http://bit.ly/cJ6buH # Dan blogged on today's GDP release: http://bit.ly/bQN6f2 It may be worse than the spin. # Blogged on the book California Crack Up http://www.clucerf.org/blog/2010/08/27/california-crack-up/ It's a worthwhile . . . → Read More: Twitter Updates for 2010-08-28 A few weeks ago 473,000 new unemployment claims would have been bad news. Today, not. http://bit.ly/bA3zKU # California is unable to adapt to change. http://bit.ly/amyaPx So, it will fail. # Kling on GDP versus well being. http://econlog.econlib.org/archives/2010/08/spending_vs_pss.html Well done. # Retail video rental, a business that came and went. http://bit.ly/b9B7tE . . . → Read More: Twitter Updates for 2010-08-27 |
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