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Predicting Financial Crises: Are Macroeconomic Models Useful?

As the New Yorker used to comment, "Block that metaphor!"

Is a Jobless Recovery Really Your Best Friend?

Six to nine months ago I kept reading, "Cash is king." I haven't read it lately. I would like articles like this to be explicit about long vs. short, but 2011 is definitely short.

Housing Inventory Still High: Are There Enough Buyers and Savers?

Accuriz's report is www.accuriz.com/docs/R...

Austrian School of Economics Is on the Rise

Adam855: thanks for wikipedia link - the sections on war and terrorism are particularly telling.

Comments on James Quinn's 'What Will This Crisis Lead to?'

The civil unrest that can result from long-term unemployment can be seen in our cities. It isn't demonstrations and riots yet, but predation: predation on your neighbors, spreading to predation in other neighborhoods and then to other communities. Here in N California it has spread from the core in Oakland, Richmond et al. to communities as distant as Fairfield, Stockton and Modesto.

What Will This Crisis Lead to?

My parents came of age in the Depression, and they taught me not to try to keep up with the Joneses.

Orwellian Finance: Is 1984 Happening in 2009?

The most interesting thing I find here is those pie charts of Federal spending, but the link is just a list of other links. Can the author give us more transparency?

Reversion to the Mean for Equities

Lounsbury: the link in your first reply (hussman) is incomplete.

Will 2009 Bring Ring Three of the Financial Circus?

Congressional blunders such as ethanol will confound recovery.

The Law of Unintended Consequences: 20th Century and Beyond

"Government shouldn't choose the winners and losers in energy. They've done a bang up job choosing ethanol already. " And Quinn has nominated the Pickens plan - what would be the unintended consequences of that? Chris B seems more sensible to me.

America's Own Lost Decade

"...the key weapons in their arsenal are taking on more debt, printing money and attempting to deflate their way to an economic recovery." The author is among those not having a clue.

Low Rates, Big Problems

jlounsbury59: there are federal programs that subsidize home buying for those with low income. They require that government get share of any increase in market value when home is sold.

Stock Market Cycles, Part 7: Secondary Market Moves

Table 6 is missing.

The Worst Bear Market in Modern History?

Thanks, John. The conclusion reminds me of a weather report: it will either rain or it won't.

Hank Paulson, Revisionist

Yesterday I came across in my archives what I think was the cover story for Business Week 12 June 2006. There is much from Paulson, then still at Goldman, but headed for Treasury. He expressed concern about how risk on mortgage-backed securities was estimated. Is there any evidence he did anything about it after he got to Treasury?