Nobel Prize-winning economist Joseph Stiglitz said the election of Mitt Romney as president in November would “significantly” raise the odds of a recession because it…
ZDNet (blog)Facebook flub means digital economy is dead? Hold that thoughtZDNet (blog)By Joe McKendrick | May 31, 2012, 6:34am PDT Summary: New York Times columnist says Facebook IPO disappointment sign digital economy is 'illusion'; Internet m…
Facebook IPO fiasco: Blame ZuckerbergMarketWatchFacebook CEO Mark Zuckerberg leaving the company's road show in New York City. If you are Mark Zuckerberg and you happen to be the CEO of Facebook, you have been able to sidestep much of the blame bec…
New York TimesWould the Facebook IPO have bombed if Mark Zuckerberg had an MBA?Washington PostThe lawsuits and Congressional reviews resulting from the Facebook IPO make me wonder if the outcome would have been different had Facebook founder and CEO Ma…
Siliconrepublic.comFacebook IPO the worst in a decade?Siliconrepublic.comFacebook's IPO has been cited as almost the worst performing IPO in 10 years, according to reports. At the close of trading yesterday Bloomberg said that Facebook's drop o…
SCOTT SUMNER and TIM DUY offer responses to yesterday’s post on monetary policy and the fiscal cliff that are worth a read. To summarise very briefly, Mr Sumner asks why the Fed wouldn’t be happy to fully accommodate a plunge over the fiscal cliff give…
New York TimesDiscord at Key JPMorgan Unit Is Blamed in Bank's Huge LossNew York TimesEver since JPMorgan Chase disclosed a multibillion-dollar trading loss this month, the central mystery has been how a bank known for its skill at risk management …
The lawyers for Goldman and Bank of America/Merrill Lynch have been involved in a legal battle for some time – primarily with the retail giant…
I got a chuckle from this article in the Economist: (Link)
For several years I have been pushing against all of the voices saying that it was essential that financial derivatives be banned or that their use be dramatically curtailed.
It isn’t tha…
Tuesday, January 10, 2012
Fiscal Policy: Kind of a Drag
by CalculatedRisk on 1/10/2012 04:54:00 PM
Cardiff Garcia at the Financial Times Alphaville has posted a new graph from economist Alec Phillips of Goldman Sachs: Fiscal flailing, continued
CR …