Posts filed under “Finance”

More lag . . .

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Source: Business Week

Another bad data point separating this recession/recovery cycle from most of the prior ones . . .

Category: Finance

Economic Data Imperils Rally

Category: Finance

Terrorism Futures Market: Much Ado About the Wrong Thing

Category: Current Affairs, Finance, Politics, War/Defense

Weekend Reading

Category: Current Affairs, Finance, Politics

Still Different, but Showing Signs of Life

Category: Finance

Industrial Production during Economic Expansions

Category: Finance

Terror Futures Market

Category: Current Affairs, Finance

Top Line Versus Bottom Line Growth

Category: Finance

The Danger of Dogma

About six months ago, Professor Boskin, an economist at Stanford who was chairman of the Council of Economic Advisers under the first President George Bush, released a paper suggesting that the federal government had a bounty of $12 trillion coming that no one had bothered to count.

Baby boomers and others, who spent decades making tax-free contributions to their I.R.A.’s and 401(k) plans, would soon begin paying taxes on withdrawals from those accounts, Professor Boskin noted. The windfall from all that, he argued, would more than cover the deficits in Social Security and Medicare.

But now it appears that Professor Boskin fired a blank. On July 17, after his ideas were discussed on TV, he quietly notified his colleagues that his equations contained an error. Though he is busily overhauling his paper even now, his latest moment of fame may have already passed.

Download “It Looked Good on Paper” NYT pdf

Category: Current Affairs, Finance, Politics

Category: Current Affairs, Finance, Politics