Summer is finally here! Start it right with our daily reading list (Continues here):

• Lessons for Climate Change in the 2008 Recession (NY Times) see also Who’s Afraid of 1929? (Philosophical Economics)
• How to Lose $1 Billion: Yeshiva University Blows Its Future on Loser Hedge Funds (Take Part)
• The stock-market herd: How to think about investing when prices are this high. (WSJ)
• What Janet Yellen Is Trying to Tell Us (NY Times) see also Can Yellen Float Above Politics? (Bloomberg View)

Continues here

 

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “10 Monday AM Reads”

  1. RW says:

    Inflation Hysteria

    It appears that a case of inflation hysteria is gripping Wall Street. …

    …you shouldn’t be looking at the inflation numbers without understanding the underlying wage dynamic.

    NB: There’s a lot of misunderstanding about inflation and many people confuse this general depreciation in a currency’s purchasing power with price increases due to commodity shocks (gas, food, etc) or economic rents (higher ed, medicine, etc) and so forth; e.g., How can inflation be considered low when food and gas prices are so high?.

    This is just another aspect of why a national economy cannot be appropriately analogized to a household: In a household more expensive food or gas can mean painful purchasing choices requiring a policy of budgetary constraint; that same policy of budgetary constraint at the national level leads to increased unemployment, more widespread economic decline and an increase in deflationary pressure as we have seen.

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