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Friday, May 25, 2012

President Kocherlakota thinks full employment is near. Really?

I guess the idea here is that long-run equilibrium full employment has changed recently after what we have been through so that 8% unemployment is all we are going to get. Since prices seem to be rising now, the president of the Minneapolis Fed seems to think we are closing in on a new NAIRU target. And if that is true...how did you like the recovery? http://blogs.wsj.com/economics/2012/05/23/feds-kocherlakota-economy-closer-to-maximum-employment-than-data-suggest/?mod=WSJBlog

Tuesday, May 22, 2012

Friday, May 18, 2012

Dammerung is German for twilight...this seems right to me. Click the link below.

http://krugman.blogs.nytimes.com/2012/05/13/eurodammerung-2/ When the NAZI party gained seats in the Greek parliament just a few weeks ago, how far off can the end really be? Like Alan Iverson said, "Man, we're talking about Practice! Practice." Yea well we are talking about NAZIS! NAZIS! In Greece gaining political power! Freaking NAZIS!