Sunday, March 29, 2009

General Theory

Here is the ebook - The General Theory of Employment, Interest, and Money by John Maynard Keynes.

Monday, March 23, 2009

Economics Is the 'Just Right' Liberal-Arts

See here by David Colander, chair of the economics department at Middlebury College.

Friday, March 20, 2009

Quantitative Easing Explained

A good explanation of unconventional monetary policy, which the Fed is using now - Quantitative Easing.

Tuesday, March 17, 2009

AIG Bonus

Here is the interesting news of the reaction of AIG $165 million bonus.
Of course these AIG leaders will not take a deep bow and then commit suicide.
I think 100% tax on the 2008 bonuses paid by those firms who accepted government money is a very good idea.

Monday, March 16, 2009

Bernake on 60 Minutes

The Fed Chairman is on the TV interview for the first time.
The interview is about the Fed, financial crisis, Ben's personal life.
Click Part 1 and Part 2.

Friday, March 13, 2009

US Household Wealth

WSJ had a nice graph and an article for the US household wealth.

Wednesday, March 11, 2009

Thursday, March 5, 2009

Stress Tests on Banks

Treasury announced the details of stress tests.

Monday, March 2, 2009

New Era of Responsibility

Since President Obama announced his ambitious 2010 deficit budget (titled: the New Era of Responsibility), the landscape shaped by President Regan of macroeconomic policy and government's role for 30 yeasrs had changed significantly.

Foreign Portfolio Holdings of U.S. Securities

Treasury just released the survey data for foreign portfolio holdings of the US securities: equity and debts up to June 30, 2008.