Posts filed under “Financial Press”

Nobel Laurelates on the Economy

CNBC had three Nobel winners on Friday morn — Joseph Stiglitz, Robert Engle and Edmund Phelps — discussing Housing, Credit, and the state of the US economy.  It was terrific television, and showed how good the medium can be when it sets its mind on it.

Incidentally, longtime readers may remember our amusing encounter with Prof Robert Engle back in 2003. If you haven’t seen that, its definitely worth reading.

Joseph Stiglitz, 2001 Nobel Prize winner and Columbia University professor
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"The real important point from an economic perspective is the gap between the economy’s potential growth and its actual growth. And without a doubt, there’s a big gap. I think we’re probably in a recession. The real concern is how long, how deep. This is one of the worst—clearly going to be the worst … downturns since the Great Depression.”

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Robert Engle, Nobel Laureate Economist winner 2003 and New York University professor

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"I think that we’ve got a lot of strength that’s going to come out of the export sector, the technology sector. We’ve seen good earnings reports from some of them. They’re thriving on this weak dollar. It’s giving them a chance to sell goods all over the world. And I think that’s going to probably pull us out."

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Edmund Phelps, Nobel Prize winner in economics 2006

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"The rise of the unemployment rate has been mild, and it started from a very, very low level of 4.3 just ten or twelve months ago. By that metric, this is a mild downturn.”

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Related:
A funny thing happened to me on the way to the studio tonight . . .    http://bigpicture.typepad.com/comments/2003/11/a_funny_thing_h.html

Source:
Where’s the Economy Going? Nobel Winners Weigh In
CNBC.com 25 Apr 2008
http://www.cnbc.com/id/24313079/site/14081545

Category: Credit, Economy, Financial Press, Psychology

Murdoch’s WSJ Changes Creates Opening for NYT, FT

Is Rupert Murdoch’s altering of the Wall Street Journal creating an opening for his competitors? That was one of the topics we discussed at Tuesday evening’s NYU lecture on media, business, and blogging. This morning, we are going to briefly explore that. In the past, I have offered up advice to various media. I have…Read More

Category: Corporate Management, Financial Press, M&A

The Economist: The Debate We Would Like To See

Category: Financial Press, Politics

Tracking NAR Spin

Category: Financial Press, Psychology, Real Estate

Question Everything

Category: Financial Press, War/Defense

NYT: Inflation Retreating

Category: Financial Press, Inflation

Economist Cover: The Great American Slowdown

Category: Contrary Indicators, Economy, Financial Press

Herb Greenberg to leave Marketwatch, Dow Jones

Category: Financial Press, Weblogs

WSJ Goes Inflation Crazy!

Category: Economy, Federal Reserve, Financial Press, Inflation

Headline of the Day: Blockbuster Circuit City Merger

Category: Financial Press, Technology