Karl Smith Is Somewhat Bewildered by the State of Modern Macro
He thought that it was conventional wisdom that the economy was in big trouble and on the edge of crisis a year ago summer–and that it badly needed all kinds of stimulus (conventional monetary policy, quantitative easing, government financial guarantees, bank recapitalization, expansionary fiscal policy) last fall and winter. And he is disturbed to find out that that is not so.
Karl Smith writes:
- May the Highest (Non-American) Bidder Win
- Inflation Relaxes in Australia Along With Consumer Demand
- iPhone Passes Singapore Test
- Blackrock Favors Miners Over Gold
- What Does the IMF Know?
- With the Bush tax cuts set to expire, how much is it going to cost you?
- BP is taking a $10 billion tax credit
- Consumers are losing confidence
- A stock market analysis
- Our system must stop rewarding irresponsible behavior
- 10 Dow Stocks Investors Should Avoid
- Cramer's 'Mad Money' Recap: Jumping Off the Panic Bandwagon (Final)
- Apple Grapples With White iPhone Light Leak
- 'Fast Money' Recap: Market Shift Coming
- Cramer's 'Mad Money' Recap: Gearing Your Portfolio for the Rotation (Final)
- Economic Indicator: Even Cheaper Knockoffs
- With Recovery Slowing, the Jobs Outlook Dims
- Markets Look to Economy After July's Bounce
- Signs Emerge of Oil Spill Recovery Entering New Phase
- US House Votes to End Deepwater Drilling Moratorium
