ricardian ambivalence

Romer wants QE#

Christina Romer calls for an open ended asset purchase programme, and the replacement of the fed’s low rate until 2014

Lots of ink gets spilled about what a terrible job the Fed is doing, or how the BoE ought to

The commentary surrounding the Q1 national accounts data has mostly focused on the veracity of the data – which is

The FT reports that Spain will get E100bn from official Euro funds. It will count toward their national debt, but

The strength in the Q1 National Accounts was surprising. It suggests that the aggregate economy is stronger than I had

The AFG data for May showed a sharp spike, and was (potentially) the first hint that the RBA’s earlier rate

The WSJ reports that China has lowered the 1yr lending rate 25bps to 6.31%. I think that this is very

The WSJ’s well connected Hilsenrath tips that the Fed will look closely at more stimulus at their next meeting. This

Last week, I linked to Chris Joye’s blog regarding the worrying house price data. Looking more closely at (this excellent)

I have been putting off writing this post, as the data-flow has been heavy and i figured that it was

Roy Morgan reckons that the unemployment rate fell 110bps to 8.2% in May… if you think that’s a joke, you’re

The concurrent global slowdown suggests rising risk that the present European recession may become global. This possibility is alarming, as