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New blog posts

  • Must Read Posts for March 13, 2010
  • Friday Movie Night - China Currency Manipulation & Make Markets Be Markets
  • Lehman Brothers - If you are experiencing Déjà vu, that's because it is GroundHog Day!
  • U.S. Manufacturing Technology Consumption Bounces 26% Off Bottom
  • Economic Warfare? Europe versus Wall Street
  • Let's Chat Labor Productivity
  • Why we are headed into Depression
  • First Iceland, then the World
  • Creating State Level Jobs Programs: A Jobs Insurance Supplement
  • Sunday Morning Comics - Goldman Sucks Edition
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Recent Comments

  • Calling all rebels.
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Poll

Populist Du Jour

  • Why we are headed into Depression

Vox Populi

  • Holy Cow Batman! SIGTARP Barofsky says U.S. on the hook for $23.7 Trillion in bail out!
  • Subprime meltdown over; now comes the bad news
  • The Deflationary Recession of 2009?
  • The Panic of 2008: a turning point
  • Text of Bail Out Act Before Congress - TAKE ACTION NOW!
  • U3 and U6 Unemployment during the Great Depression
  • Scientist Who Laid Ground Work for Nobel Prize Drives a Bus, Can't get a Job

Active forum topics

  • Outrage Du Jour - California Anthem Blue Cross to raise health insurance rates 39%
  • Manufacturing & Trade Inventories & Sales for January 2010
more

Atlanta Fed's Macroblog

  • A look at the income-side estimates of growth
  • Consumer credit, credit availability and The Credit CARD Act
more

BEA

  • U.S. International Trade in Goods and Services, January 2010
more

iMFdirect

  • This Time It’s Different
  • Something New Out of Africa: A Global Player
more

CBO

  • Estimate of the Budgetary Effects of the Senate-Passed Health Bill
  • Presentation on “Fiscal Policy Choices” to the National Association for Business Economics
more

powells

GAO

  • GAO-10-365, Electronic Government: Implementation of the Federal Funding Accountability and Transparency Act of 2006, March 12, 2010
  • GAO-10-464R, Revitalization Programs: Empowerment Zones, Enterprise Communities, and Renewal Communities, March 12, 2010
more

Instapopulist

  • Manufacturing & Trade Inventories & Sales for January 2010
  • EU to bail out Greece
  • Retail Sales - February 2010
  • A Letter Worth Reading from Senators Bernie Sanders & Jim Webb
  • Goldman Sachs Made $55.7 million on Build America Bond Fees
  • Trade Deficit decreases $2.6 billion from last month - Trade January 2010
  • State Unemployment Maps for January 2010 - Unemployment increases in 30 States
more

Calculated Risk

  • Unofficial Problem Bank List at 640
  • Nearing Retirement and Unemployed or Underemployed
more

Naked Capitalism

  • Links 3/13/10
  • Indefensible Men
more

Paul Krugman

  • Beck in the U.S.A.
  • Debt And Transfiguration
more

dorgan

The Baseline Scenario

  • What’s Wrong with the Financial System in Eight Minutes
  • Get Rid of Selection Sunday
more

Eyes on Trade

  • GTW Director Lori Wallach Appears on Bloomberg TV
  • Watch Lori Wallach LIVE on Bloomberg TV at 2pm
more

Econbrowser

  • Whither the Yuan?
  • Update: the 2010-19 Impact of PPACA on Budget Balance
more

TradeReform.org

  • Ag Trade Adjustment Program Launched
  • Stupak urges Congress to repeal NAFTA
more

EconomPic

  • Consumer = Unhappy, but Spending
  • The Changing Face of American Debt
more

Economist's View

  • "Managed Care: Get Used to It"
  • What's the Optimal Level of Unemployment Benefits?
more

Economy in Crisis

  • The Dow and the Down and Out
  • GM Dealers in Limbo
more

The Big Picture

  • The Forthcoming Financial Reform
  • Saturday Reads
more

Credit Slips

  • De-Detour: CDS Nudity on the Exotic Fringe
  • Debt and the People, Part I: The Cold
more

Manufacture This

  • Tight times for mill workers in Maine, Part 5
  • Recovery emerging from U.S. factories
more

Alan Tonelson

  • Trade deficit dips; exports, imports fall
  • Obama Launches New Exports Push as Trade Deficit Narrows -- but Hard Road Ahead
more

black swan

Beat The Press

  • Wrong Surprise on Retail Sales
  • The Dollar, the Deficit, and Accounting Identities
more

Nouriel Roubini's Global EconoMonitor

  • The Rise of Sovereign Risk in Advanced Economies
  • RGE's Weekly Roundup
more

Zero Hedge

  • Guest Post: The Big Dead-Cat Bounce
  • We Demand The Fed Be The Financial Uber-Regulator... The Australia Fed That Is
more

The Mess That Greenspan Made

  • CityCenter contractor to file $492 million suit
  • Your path to homeownership
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Styles Checks-125 x 125- Animiated Marvel Banner

Tax Justice Network

  • Evening Standard: How the tide turned against tax avoiders
  • Slim (non-) taxes in Mexico contribute to disaster
more

Brad Delong

  • Talking About the Outlook
  • On the Filibuster
more

New Deal 2.0

  • Remake/Remodel
  • March 12
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Steve Keen's Debtwatch

  • Everyone’s a critic…
  • T-Shirts for Kosciousko
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Pension Pulse

  • Will the Real Debt Crisis Please Stand Up?
  • Return of the Pension Fund Fudge?
more

Angry Bear

  • O.K., let's just think about this budget thing for a while, Part I
  • Another link:
more

Robert Reich

  • The Sham Recovery
  • Bail Out Our Schools
more

Noslaves.com

  • Finally, a State saves money by hiring Americans and getting rid of H-1Bs
more

Financial Armageddon

  • Where the Hiring Is
  • The Upsides and Downsides of the Great Recession
more

Books & Papers

Global Trade and Conflicting National Interests - Ralph E. Gomory William J. Baumol.
Gomory BaumolGomory is President of the Alfred P. Sloan Foundation and Baumol is Director, C.V. Starr Center for Applied Economics. Through mathematics and general conceptual overview, Gomory, Baumol show the difference between classical economics and today's complex and modern economies. This text also highlights scenarios where global trade isn't necessarily a "non zero sum game". An excellent primer on global trade theory.

 

The Race to the Bottom: - Alan Tonelson. Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards.

Race to the BottomTonelson has truly been a voice for statistical reality. This in depth study of globalization practices casts a foreboding shadow to the decimation of America's middle class. Many of Tonelson's essays on reprinted on the American Economic Alert web site.

 

 

UNSUSTAINABLE - Eamonn Fingleton . How Economic Dogma is Destroying American Prosperity.
A harsh look at globalization practices. Forever the Cassandra of fiscal policy and "new economy" fallacy, Fingleton correctly predicted the collapse of the "dot com" era when few would heed his warning.

 

 

 

Take This Job and Ship It! - Senator Byron Dorgan.
Take this Job and Ship ItOur trade deficit increases by $2 billion a day. Pharmaceutical companies and their lobbyists have such influence in Washington that Medicare, by current law, is not allowed to negotiate lower drug prices. We import oil on an ever-increasing scale, putting ourselves into debt with the Saudis, the Kuwaitis, and other Middle Eastern nations. With their windfall profits, they continue to buy American assets. China's booming economy and abundance of cheap labor are threatening our economic survival. We have mortgaged our fortunes, our principles, and our way of life.

 

 

PERFECTLY LEGAL  - David Cay Johnston . The Covert Campaign to Rig Our Tax System to Benefit the Super Rich - and Cheat Everybody Else.
Perfectly LegalAn eye opening book on how the American middle class are paying the burden of taxes and reports on the corporate tax code so it is comprehensible to the layperson.

 

 

 

Outsourcing America: - Dr. Ron Hira. What's Behind Our National Crisis and How We Can Reclaim American Jobs.
outsourcing AmericaThe authors identify the ten major reasons employers send jobs overseas. Apart from lower wages and salaries, companies benefit from favorable tax policies, access to emerging markets, and other incentives — including the fact that companies face no penalty for destroying their U.S. jobs. The book also articulates the profound effect that outsourcing is having on educational and career trends, and how developing nations like India and China are retaining top talent that previously would have come to the United States.

 

 

Secrets of the Temple: How the Federal Reserve Runs the Country - William Greider How the Federal Reserve Runs the Country.
Secrets of the TempleThis is definitive study of the Federal Reserve Board in the Reagan era. Gives some interesting insight in how this body really operates.

 

 

 

One World, Ready or Not - William Greider The Manic Logic of Global Capitalism.
One World Ready or NotOverview on global, multinational corporate driven capitalism with a series of Populist proposals to rectify the redistribution of wealth to the super rich.

 

 

 

Nobodies - John Bowe Modern American Slave Labor and the Dark Side of the New Global Economy.
NobodiesGives individual accounts of guest worker abuses that is outright slavery and criminal. Gives strong insight in the ultimate result of global labor arbitrage and migration. Has a few policy suggestions to stop this morally abhorrent situation.

 

 

The China Dream - Joe Studwell The Quest for the Last Great Untapped Market on Earth.
China DreamGives a great history on the many efforts and failures to penetrate China's markets by foreign business interests. Shows how China is not a capitalistic market economy and throws some cold water on the realities of the mythical 13B consumer market that is often touted to justify bad trade agreements.

 

 

Wealth and Democracy, A Political History of the American Rich - Kevin Phillips
History of U.S. RichModern U.S., laissez-faire is a pretense. Government power and preferment have been used by the rich, not shunned. As wealth concentration grows, especially near the crest of a drawn-out boom, so has upper-bracket control of politics and its ability to shape its own preferment." In the next 474 pages, Phillips goes on to cover the "political and economic history of U.S. wealth, the U.S. record of speculative finance, the Anglo-Saxon proclivity for technology manias, the overlap between watershed technological innovation and economic inequality, and the connections between wealth concentration and the corruption of politics, government, and public policy. moreof review.

Click here for some exceptional Economics Papers

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