Robert Samuelson calms the panicked:
Regarding the economy, it’s hard not to notice this stark contrast: The “real economy” of spending, production and jobs — though weakening — is hardly in a state of collapse, but much of today’s semi-hysterical commentary suggests that it is. Financial markets for stocks and bonds are described as being “in […]
Irwin Stelzer on what it will take to get out of this economic mess:
Two things have to happen before we put paid to the current problems. First, house prices have to bottom out. So long as they keep falling, which almost all experts expect them to do, the value of the mortgages held by the […]
Both Sens. Obama and Clinton can dump their embarrassing appendages. It would make the Presidential race less colorful.
“Obama to Disown Pastor If Hillary Dumps Bill”
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The point of the surge was to create a more secure environment in order for the Iraqi government to plant firm roots so it could stand on its own once U.S. troops left. In Basra and Sadr City the Maliki government has engaged insurgent Shia factions. It’s been messy to say the least and the […]
What happens when the candidate’s daughter’s weblog is better than her dad’s?
A Meghan McCain’s weblogging efforts finally garnered media attention. The AP is the latest of series of stories including GQ’s weblog and lengthy profile in the Washington Post.
Her light offerings of fashion and pop culture bring levity to the campaign trail. Meghan combines that […]
The Commerce Department reported a sluggish 0.6% increase in the GDP. The WSJ’s economics weblog found a lesser-known index the Fed uses shows negative economic growth began last year:
A separate measure of the economy touted by Federal Reserve officials last year — gross domestic income — posted its largest decline, at a 1% annualized rate, […]
Russ Roberts has no fondness for the Fed helping JP Morgan buy Bear Stearns. He doesn’t think Bear’s managers and stockholders (mostly the same people) bore enough responsibility:
But what I do know for sure is that by subsidizing the marriage of Bear Stearns and JP Morgan, the government has removed some of the loss from […]
Yesterday, Sen. Barack Obama launched the canard that Sen. John McCain wanted to advance radical atomism:
“George Bush called this the ownership society, but what he really meant was ‘you’re-on-your-own’ society,” Obama told a town hall meeting here, tying McCain to a president whose popularity is low. “John McCain apparently wants to continue this.”
I think it’s […]
Long time market liberal Martin Wolf thinks the Federal Reserve-financed Bear Stearns buyout has ushered the global economy into a new age of regulation:
Remember Friday March 14 2008: it was the day the dream of global free- market capitalism died. For three decades we have moved towards market-driven financial systems. By its decision to rescue […]
It hasn’t been long since Harvard professor Samantha Power removed herself from Sen. Barack Obama’s campaign. In a talk Tuesday night, she apologized for calling Sen. Clinton a “monster,” but refused to back down from her conflicting view of how a President Obama would handle Iraq:
“I now am in my first ever political attack ad,” […]
Twins will be coming Louis Gray’s way in a few months. He’s collecting tech company baby clothes. He claims it’s to send them “marching down the path to geekdom” and to put his “kids in the role of corporate babble-person.”
I know why he’s really doing it. Do you how much money he’ll save on clothes […]
Joey Gathright: baseball player and leaper over anything.
[via Mahalo]
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James Pethokoukis goes after Sen. Chuck Grassley for the Fed’s assist of Bear Stearns. [via Instapundit]
Bear Stearns’ Wikipedia entry was the ninth-most edited last week.
Larry Kudlow on Ben Bernanke: “He’s the man.”
Robert Lezner: The Fed acting on Bear may have saved the economy from a depression.
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The past few days Fausta has been having major difficulties with Skype. Yesterday, she changed her password only to end up being locked out of her account. She sent Skype a customer service request and is still waiting.
I read her post after I set my mother up with Skype so we can call each other […]
While Sen. John McCain is in California he will visit Nancy Reagan and accept her endorsement:
In a statement before the event, Reagan said she typically waits until after the GOP convention to announce her support but she decided to do so now because it is clear the Republican Party has chosen its nominee.
“John McCain has […]
