Monthly Archives: July 2013

For the Next Fed Head, Obama seems to be Choosing between a Yawn and a Hiss

Update (August 1) – I shortened this article slightly from the original. Based on media reports over the past few weeks, there are two clear front-runners in the competition to be named Ben Bernanke’s successor as Fed chairman. Current Vice … Continue reading

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Previewing the Bad News That’s Likely to Complicate the Debt Ceiling Battle

The gorilla in the room may sleep soundly for the rest of July and August, but expect a foul temper when he wakes up in September. At that time, Congress once again haggles over our debt ceiling. Treasury Secretary Jack … Continue reading

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Now That Detroit’s Gone Bust, Is Your City Next?

Detroit’s bankruptcy filing is one depressing read. Poverty, crime, blight – you name the malady and there’s plenty of data to back it up. And unfortunately, Detroit’s not alone. You may be wondering which city hits the wall next.

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Stock Prices Are Outrunning Corporate Profits: When Has This Happened Before?

In a recent article titled “Step Right Up and Test Your Central Banking Skills against the Scariest Economy of All,” I encouraged readers to: [Apply] your economic and policy beliefs to early 1928 conditions, and then [ask] how your decisions … Continue reading

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Preparing for Bernanke’s Speech with a Short “Who Said It?” Quiz

In case you missed the late announcement, Ben Bernanke is scheduled to deliver a speech on Wednesday afternoon, covering the Federal Reserve Bank’s track record through its 100 year history. Presumably, he’ll also spend time defending current policies, in both prepared remarks and … Continue reading

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Technical Notes for ‘Test Your Central Banking Skills’

(Here’s the article that goes with this appendix.)

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Step Right Up and Test Your Central Banking Skills against the Scariest Economy of All

I offer a chance to test yourself as King of the World. By that, I mean top dog at the Federal Reserve Bank. The test is based on two scenarios, one describing our circumstances today and I’ll explain the second … Continue reading

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Some Bloggers Wrote About Public Spending on the Public Holiday

Here are a few links from my catch-up reading this morning, from bloggers who were more productive than I was on Independence Day. You’ll see that the common theme is public spending.

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