Archive for the ‘Financial Markets’ Category

Do economists understand economies?

June 21st, 2016

Consider: –The economist Greg Mankiw had an essay in the NYT last week on five theories as to why growth has been so sluggish for so long (Greg’s focus was on the US, but it could have applied to Europe as well). Mankiw, a Harvard professor and writer of widely used textbooks, has long been… Read more

Catching up on some old stuff

June 13th, 2016

Given the horrific mass-shooting in Orlando over the weekend, it seems irreverent and off-point to scribble about the usual grist for the mill. So a bit of catchup and forward-looking stuff. –I’ll have a great interview in tomorrow’s WaPo with CBPPs Elizabeth McNichol on the need for infrastructure investment, with an emphasis on the state… Read more

Puerto Rico by John Oliver

May 6th, 2016

Early next week, I’ll have a piece out on the ongoing debt crisis in Puerto Rico which strongly urges Congress to act before restructuring morphs into bailout. But in the meantime, here’s everything you need to know about this issue from the absolutely brilliant John Oliver. If only I could be 1/10th this entertaining when… Read more

Conflict of interest and inversions: two very big deals that must…MUST…not go unnoticed.

April 6th, 2016

OK, it’s official: my mind is blown by two new, smart, common sense, progressive initiatives that the Obama administration–with great input from Treasury and the Labor Dept.–has managed to implement this week. Each deserves, and will get, individual attention and explanation from me. But for now, let us marvel at what’s happened here, especially as… Read more