From NY Fed President William Dudley: The Economic Outlook and the Fed’s Balance Sheet: The Issue of “How” versus “When” Dudley discussed his economic outlook, and how the Fed will exit from the current policy stance. Dudley doesn’t think the … Read More
What if I wrote that U.S. payroll employment increased by 383 thousand jobs in May 2009 following an increase of 259 thousand jobs in April 2009? Some readers would suspect CR had been captured by aliens or had visited crazytown. … Read More
From David Streitfeld at the NY Times: Recovery Signs in Housing Market Stir Some Hope After a plunge lasting three years, houses have finally become cheap enough to lure buyers. That, in turn, is stabilizing prices, generating hope that the … Read More
From David Altig at Macroblog: A look at the recovery Earlier this week my boss, Atlanta Fed President Dennis Lockhart, weighed in with his views about the shape of the economic recovery to come while speaking at a meeting of … Read More
To start BFF off … Guaranty Financial Group filed an 8-K with the SEC last night (ht Russ). Here are a few excerpts: [T]he Company no longer believes that it will be possible for the Company or the Bank to … Read More
7/20/09 - CNBC - Roubini: Economic Recovery to be ‘Very Ugly’ ( Click here for video ) By: CNBC.com Nouriel Roubini, the economist whose dire forecasts earned him the nickname “Doctor Doom”, told CNBC Monday that the economic recovery is … Read More
Click on graph for larger image in new window. This graph is from Doug Short of dshort.com (financial planner): “Four Bad Bears”. Note that the Great Depression crash is based on the DOW; the three others are for the S&P … Read More
San Francisco Fed President Janet Yellen has been rumored to be one of the front runners to replace Chairman Ben Bernanke (although most consider Larry Summers the front runner, assuming Bernanke isn’t reappointed). Tonight Dr. Yellen spoke in San Francisco: … Read More
Here is a collection of real estate and economic graphs for data released in June … Note: Click on graphs for larger image in new window. For more info, click on link below graph to original post. ******************** New Home … Read More
I recently gave a talk at a conference organized by the Perimeter Institute (a leading theoretical physics research institution in Canada) on Economic Crisis and the Implications to the Science of Economics The topic of my talk was “ The … Read More