Author Archives: ffwiley
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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Tagged Birmingham, Boston, Buffalo, Camden, Census Bureau, Cincinnati, Cleveland, Dayton, Detroit, Detroit bankruptcy, Flint, Gary, Minneapolis, Motor City, New Orleans, Newark, Philadelphia, Ponzi Scheme, population loss, Saint Louis, Scranton, Washington D.C., Youngstown
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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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Tagged Ben Bernanke, Benjamin Strong, corporate profits, P/E multiples, wealth effects
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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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Tagged Ben Bernanke, Federal Reserve, Great Moderation, Great Moderation speech, National Bureau of Economic Research, Paul Volcker, William McChesney Martin
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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
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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Tagged ADHD, Davy Crockett, Great Mall of China, Horatio Bunce, James Hamilton, off-balance sheet liabilities, Ritalin
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Has Brad DeLong Admitted to Being Unfair and Imbalanced?
Second Update (July 12) – Brad DeLong would like me to post his response to this. Sorry, Brad, you have your own blog for hurling insults. If the name-calling is important to you, I suggest firing away on delong.typepad.com. As … Continue reading
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Tagged Brad DeLong, Carmen Reinhart, delong.typepad.com, Ken Rogoff, Paul Krugman, Wayback Machine
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Confession Time: Money Printing Enthusiasts Should Admit the Obvious
Imagine a football coach who hasn’t caught onto the game’s complexities and continues to run the same play – call it a fullback dive – over and over. When I read calls for more monetary stimulus, I feel as though … Continue reading
Forget the Hindenburg Omen, This Near-Perfect Deleveraging Indicator is Omen Enough
Update (June 20) – I added a section at the end of the post with information on specific countries. Also, the data shown here combines cross-border transactions in both U.S. and foreign long-term securities (I may not have made this … Continue reading
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Tagged cross-border financial flows, current account, debt ceiling, Hindenburg Omen, Long-term Capital Management, quantitative easing, TIC data
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