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rjs
denizen of a rural NE Ohio swamp
unencumbered by education, affiliations, beliefs or agenda; im not advocating anything
Recent Activity
hmmm...if someone is having trouble commenting, how are they to respond?
"Legitimate Comments Marked as Spam"
Mark Thoma: I just let Typepad know that the comment situation is unacceptable. They need to allow me to approve commenters by IP so this doesn't happen, fix it themselves, or I am going to have to switch to a new blog provider. I can't take this much longer. For now, if you are thinkig of starti...
checking to see if your comments are working...mark thoma is having a fit...
http://economistsview.typepad.com/economistsview/2013/06/legit-comments-marked-as-spam.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2FKupd+%28Economist%27s+View%29
Rain delay
Posted on behalf of Tim Haab:
umm, goldman sachs said that last week..
http://www.zerohedge.com/news/2013-05-06/goldman-caves-unemployment-rate-inappropriate-measure-labor-market
'The Fed Dials the Wrong Unemployment Number'
Gavyn Davies argues the Fed is targeting the wrong thing (unemployment instead of employment): ...the Fed has a headache. Its forward guidance on unemployment is in danger of giving misleading signals about the need for tightening, and it probably needs to be changed. ... The difficulty is tha...
just send the kids out into the garden with tiny paintbrushes to transfer pollen from flower to flower..
I like cashews, beets, broccoli, cabbage, brussels sprouts, chestnuts, watermelons, cucumber, fennel, macadamia, mangoes, apricots and almonds...but not strawberries. I'm OK with losing the strawberries.
The honey bees are dying—and we don’t really know why. That’s the conclusion of a massive Department of Agriculture report that came out late last week on colony collapse disorder (CCD), the catch-all term for the large-scale deaths of honey bee groups throughout the U.S. And given how important...
frankel suggests that the use of fracking has been responsible for reducing CO2 emissions, as utilities switch from coal to gas...
however, measurements at the wellhead show as much as 9% of the methane from fracked wells escapes into the atmosphere...
methane is about 21 times as potent a greenhouse gas as CO2 in the long term, but 72 times as potent over a 20 year horizon...and new charts show methane's global warming potential is more than 130 times that of carbon dioxide over a period of ten years...the EPA is in the process of increasing it's expected greenhouse impact...
according to the World Meteorological Organization's annual report on 2011 greenhouse gases, atmospheric methane hit a new high of 1813 parts per billion (ppb) in 2011, which was 259% of the pre-industrial level; since CO2 levels were at 390.9 parts per million (ppm) in 2011, that means methane's net warming effect is already one-third that of CO2 over 20 years…
Links for 04-19-2013
Europe Fails to Learn the Lessons of History - Brad DeLong The reason macroeconomics doesn't work very well - Noahpinion An Understandable Mistake - mainly macro No Time for Austerity: US Edition - Econbrowser More Bad Excel - The Baseline Scenario Correlation, Causality, and Casuistry - Paul...
FYI, obama signed that, citing national security concerns...
Congress Quietly Repeals Congressional Insider Trading Ban · NYU Local
While Congress might be stuck in a deadlock on just about every issue imaginable, there’s one piece of legislation that both Democrats and Republicans hate unanimously: the Stop Trading on Congressional Knowledge (STOCK) Act, a law passed last year designed to prevent insider trading among lawma...
my old farmhouse was built in 1890 and it's going to fall down someday...would you say that its price could increase faster than inflation indefinitely from here?
Is There an Upward Slope to Real House Prices?
Calculated Risk disagrees with Robert Shiller: Shiller and the Upward Slope of Real House Prices, by Bill McBride: Professor Robert Shiller wrote in the NY Times: Why Home Prices Change (or Don’t) Home prices look remarkably stable when corrected for inflation. Over the 100 years ending in...
very. if i'd have known that, i'd have coded the html for the above link...
Links for 04-14-2013
Missing Deflation - Paul Krugman Inflation targeting is not dead yet - Gavyn Davies Fed Officials Defend Bank’s Dual-Mandate Policy - WSJ Is inflation targeting dead? Central banking after the Crisis - Vox EU Productivity: Economic History Weblogging - Brad DeLong Larry Summers Reviews the His...
"The Social Security “trust fund”? That’s an accounting mechanism, not an actual pot of money." ...
care to explain what this $2.729 trillion in Treasury bonds is?
http://www.ssa.gov/cgi-bin/investheld.cgi
Links for 04-14-2013
Missing Deflation - Paul Krugman Inflation targeting is not dead yet - Gavyn Davies Fed Officials Defend Bank’s Dual-Mandate Policy - WSJ Is inflation targeting dead? Central banking after the Crisis - Vox EU Productivity: Economic History Weblogging - Brad DeLong Larry Summers Reviews the His...
+ 1
'Dark Pool Trading'
Hmmm: -- anyone want to convince me this is not something regulators should worry about?: ... The portion of all stock trading taking place away from the public exchanges hit new highs over the last few weeks, amounting to close to 40 percent on several days, up from an average of 16 percent ...
just check BLS:
The 30 occupations with the largest projected employment growth, 2010-20
http://www.bls.gov/news.release/ecopro.t06.htm
other than nurses and teachers, most of the top ten dont even require a high school diploma..
'Is the Demand for Skill Falling?'
Arnold Kling: Is the Demand for Skill Falling?, by Arnold Kling: Paul Beaudry, David A. Green, and Benjamin M. Sand have a paper with an intriguing abstract, which says in part, Many researchers have documented a strong, ongoing increase in the demand for skills in the decades leading up to 20...
dont count your chickens..
8 - 14 day temperature outook:
http://www.localweather.com/weather/maps/outlooks/temp/814day/us.html
Picture of the day: last big snow of the year?
ok, anne, how much of that is home equity? because, if you recall, what we wanted to know is how realistic is the proposal that seniors forego social security for several years to allow it to build to a sizable monthly stipend...
Links for 03-23-2013
Fiscal policy and consumption - Vox EU The Power of Austerity over Politicians - mainly macro Physicists Debate the Many Varieties of Nothingness - Scientific American Reselling eBooks doesn’t pass the sniff test - Digitopoly Fed Revisions Note Slower 2012 Output Than Previously Thought - WSJ ...
from thursday:
"the largest increases in median debt were experienced in households with householders age 35 to 44 (to $108,000), 45 to 54 (to $86,500) and 55 to 64 (to $70,000)."
http://www.census.gov/newsroom/releases/archives/cb13-51.html
Links for 03-23-2013
Fiscal policy and consumption - Vox EU The Power of Austerity over Politicians - mainly macro Physicists Debate the Many Varieties of Nothingness - Scientific American Reselling eBooks doesn’t pass the sniff test - Digitopoly Fed Revisions Note Slower 2012 Output Than Previously Thought - WSJ ...
of course, net worth includes home equity...and the old folk cant buy much catfood with home equity...
Links for 03-23-2013
Fiscal policy and consumption - Vox EU The Power of Austerity over Politicians - mainly macro Physicists Debate the Many Varieties of Nothingness - Scientific American Reselling eBooks doesn’t pass the sniff test - Digitopoly Fed Revisions Note Slower 2012 Output Than Previously Thought - WSJ ...
what about the 57% of workers who reported less than $25,000 in total household savings?
http://online.wsj.com/article/SB10001424127887323639604578368823406398606.html
'Workers Saving Too Little to Retire'
Links for 03-23-2013
Fiscal policy and consumption - Vox EU The Power of Austerity over Politicians - mainly macro Physicists Debate the Many Varieties of Nothingness - Scientific American Reselling eBooks doesn’t pass the sniff test - Digitopoly Fed Revisions Note Slower 2012 Output Than Previously Thought - WSJ ...
re "my comment doesn't make any sense"
funny, that's exactly what i thought when i read it...
Superstar
Mankiw & Hubbard were the architects of the Bush tax cuts...
'How Did Once-Respectable Conservative Economists Get Swept Up in Moocher Class Mania?'
Brad DeLong: reviews Nicholas Eberstadt's "A Nation of Takers": ... If there was a single moment when Mitt Romney lost the 2012 presidential election, it was in May when he stood in front of the $50,000-a-plate audience at Sun Capital honcho Marc Leder’s home in Boca Raton and spoke his soon-to-...
The 30 occupations with the largest projected employment growth, 2010-20
http://www.bls.gov/news.release/ecopro.t06.htm
of the top 9, only one requires more than high school; 5 do not even require high school
The Dismal Future for Workers With Few Skills-Becker
During the past 30 years the market for workers with few skills has been weak pretty much everywhere. The reason is that economies, including developing economies, have increased their demand for knowledge workers at the expense of low skilled workers. The future is not likely to be any kinder t...
there's another draft bill being worked on, for which they want public comments:
"All comments are welcome and can be submitted by email to cutcarbon@mail.house.gov. The Lawmakers are requesting that comments be submitted no later than April 12, 2013."
A carbon tax in a congressional budget proposal?
From the Congressional Progressive Caucus "Back to Work" Budget (I love these Hollywood titles on legislative proposals!): We can no longer afford to ignore our responsibility to future generations to address climate change before it is irreversible. The Back to Work Budget would impose on poll...
Why Does Anyone Listen to Paul Ryan?
i dont think anyone does...the only place i see or hear coverage of his budget proposal is here or other left leaning blogs or websites...
Why Does Anyone Listen to Paul Ryan?
Paul Krugman has questions for the fans of austerity in recessions: Night of the Living Alesina, Continued: So, while I was dealing with real life yesterday ... Paul Ryan weighed in. ... Like almost everyone on his side (and many centrists), Ryan pretends that Keynesians are for fiscal stimulu...
in answer to your question, it became expensive oil...
What ever happened to peak oil?
In the old days we would post on peak oil all the time (the peak oil trolls really wore Tim out). But I can't find a peak oil post that is more recent than September 2011, and that one was asking the same question as this headline. It sounds like the industry isn't worried: BP CEO Robert Dudley ...
up here in the geauga county snow belt its been sunny & in the low forties today...snow is melted enough you might get some practice in...not bad for early march..
Global warming my a$$
It's baseball season?
can someone explain to me how the sequestered cuts came to be $85 billion? (as is now widely quoted)
my understanding was the debt control act specified $1.2 tillion over ten years; with the imputed interest on the debt savings that would amount to $92.1 trillion a year, which was the figure widely used by the press and analysts until recently...
even earlier, it had been marked at $109.3 billion per year by such as CBPP: http://www.cbpp.org/cms/?fa=view&id=3635
Links for 03-02-2013
Long-Term Interest Rates - FRB: Speeches - Ben Bernanke Bernanke Defends Stimulus as Necessary and Effective - NYT Bernanke warns over raising rates early - FT.com Bernanke in Translation - WSJ Bernanke: Evolution of long-term rates - Calculated Risk Late Night with Ben Bernanke - Economix Not...
at just 1.25 million listeners, he doesnt even have a tenth the audience of limbaugh or hannity: http://www.talkers.com/top-talk-radio-audiences/
Economics Professor Mark Thoma Makes Me Wonder about the Other Nuts that are Teaching our Kids...
I was on the radio with conservative radio host Lars Larson earlier this week. Here's a link to the interview: Economics Professor Mark Thoma makes me wonder about the other nuts that are teaching our kids... (I haven't listened to it, and won't...)
More...
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