tag:blogger.com,1999:blog-6616959642391988608.post7727633620447881232..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Misery Index updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-29630512836824508982011-07-11T08:58:30.089-07:002011-07-11T08:58:30.089-07:00William-
I would like your take on the the perfor...William-<br /><br />I would like your take on the the performance of the Japanese yen in the last 20 years--it has doubled in value, as measured by exchange rates--and that of the Nikkei Dow, which has lost about 80 percent of its value.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56559363336876448442011-07-11T05:08:48.808-07:002011-07-11T05:08:48.808-07:00The correlation between inflation and unemployment...The correlation between inflation and unemployment is spurious -- other phenomena are missing from the analysis (such as the occurence of wars preceeding the periods of inflation and including Vietnam; theArab-Israeli wars of 1967, 1973, and 1982; the Iraqi wars of 1991 and 2001) -- to imply that inflation causes unemployment is misleading as to the true causes of recessions macroeconomically.McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76141212796453140182011-07-10T06:54:48.120-07:002011-07-10T06:54:48.120-07:00The economy is not monolithic. Some aspects (corpo...The economy is not monolithic. Some aspects (corporate profits)are doing exceptionally well. Why would they want to change?Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-157088358324909802011-07-10T02:38:53.806-07:002011-07-10T02:38:53.806-07:00Nicely reflecting the negative outlook for the US ...Nicely reflecting the negative outlook for the US right now. Muddle-through economy at 1.5% to 2.5% GDP growth will never create the jobs that will result in the critical mass to dig out of such huge deficits. <br /><br />Some problems require unpopular and painful treatments, this is one of them, and one that politicians are getting closer to proving yet again that they cant live up to.Alihttps://www.blogger.com/profile/14622836247655831346noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42045956707472743562011-07-09T20:22:21.969-07:002011-07-09T20:22:21.969-07:00What "garbage" as the French would say!
...What "garbage" as the French would say!<br /><br />Look it up ;~)Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31633082668543362882011-07-09T11:04:56.193-07:002011-07-09T11:04:56.193-07:00I sense inflation is dead, but unemployment is stu...I sense inflation is dead, but unemployment is stubbornly high. We actually need some inflation to help us accelerate out of this patch. <br /><br />The most important thing is to not do a Japan.<br /><br />Fighting a recession through tight money is like trying to get into shape the Karen Carpenter way. Applying leeches to an anemic patient.<br /><br />Japan has tried the "fighting Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com