Thursday, December 30, 2010

Mazi's Link O' the Day

Here are some reasons NOT to jump on the equities bandwagon:

http://online.wsj.com/article/SB10001424052970203513204576048251198965310.html?mod=WSJ_hpp_sections_personalfinance

Wednesday, December 29, 2010

Mazi's Link O' the Day

First, learn what a league table is (it's not complicated):

http://www.investopedia.com/terms/l/league_table.asp


Next, another article by my favorite blog-author, The Epicurean Dealmaker:

http://epicureandealmaker.blogspot.com/2010/12/what-hes-really-thinking-first-time-you.html

Tuesday, December 28, 2010

Mazi's Link O' the Day

Here are some projections for the current account deficit. Although real consumption might be back up to its pre-2007 levels, total goods (excluding services) has not:

http://www.econbrowser.com/archives/2010/12/ruminations_on.html

Monday, December 27, 2010

Mazi's Link O' the Day

Here's a plan for high-earners and unemployment insurance/social security/medicare/etc... (Hint: they don't get any):

http://laglux.blogspot.com/2010/12/lets-talk-turkey-for-once.html

Sunday, December 26, 2010

Mazi's Link O' the Day

A neat, shifting Phillips Curve:

http://econ161.berkeley.edu/multimedia/USPCurve.html

Giving...and Taking

A great article by Mazi on Christmas, I totally agree. Enjoy being surrounded by friends and family, and helping others. That is a huge part of Christ's message (sorry for the religion, Mazi). However, I hope our politicians have learned that unqualified giving is NOT for the public sector. Friedman explains, cut here, invest there.

http://www.nytimes.com/2010/12/26/opinion/26friedman.html?hp

Friday, December 24, 2010

Christmas Ain't Dead

It's Christmas Eve, and every family with kids in elementary school or younger has got its Christmas tree up with presents encircling its base. For those families there is nothing superficial or hollow about this holiday of holidays. But something changes as we age, as we read more books, and get more educated. We grow jaded. Every Christmas "smart people" chime in about how "Christmas is dead, is bastardized, is not supposed to be about shopping and clothes and drinking."

Wah, wah, wah... That's what I say.

I'm not going to debate religion here, because that's a topic I'd like to keep my blogging, economics side away from. However, I will say, empirically speaking, this NEW version of Christmas seems to be working. Religious arguments aside, let's take it from the top:

1. Economics
People spend. People spend a HELL OF A LOT of money from approximately Thanksgiving week to the new year. Ok, consumption is a factor in GDP, so blah blah blah, yes, Christmas spending does help GDP. Great. But that's not my main point. What do we spend on? We spend on others. We buy gifts. This IS Christmas, after all, isn't it. As the Center for Social Innovation at Stanford University writes, "According to new research, giving other people even as little as $5 can lead to increased well-being for the giver." Well, that doesn't sound so bad to me...

2. Giving
In line with what I just wrote, giving is a good thing, and I think most would agree with that claim. I know Christmas as we practice it is not in line with any religion, but at least the premise seems right. People are nice to each other, people buy for each other. We may be giving up religion, but I think we're getting something good in return.

3. Kids
Remember the first part of the image I described at the beginning? That family with the kids, the tree, and the presents. They don't seem to worry too much about be true to the original meaning of Christmas. Santa Claus is coming after all, and we must get the cookies and milk ready. Though the rest of us may be growing "smart" and jaded and think we're bringing back the truth of Christmas, it doesn't mean we should ruin it for all those families who truly love this time of year. I'm not talking about getting drunk at your company party. I'm talking about an earnest belief that these are the best times of the year.

Keep your intellectual, religious, learned, scrooginess to yourselves! Let's just have a Merry Christmas!

Mazi's Link O' the Day

Paul Krugman... The oracle?

http://www.marginalrevolution.com/marginalrevolution/2010/12/paul-krugmans-predictions.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marginalrevolution%2FhCQh+%28Marginal+Revolution%29&utm_content=Google+Reader

Mazi's Link O' the Day

Paul Krugman... The oracle?

http://www.marginalrevolution.com/marginalrevolution/2010/12/paul-krugmans-predictions.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marginalrevolution%2FhCQh+%28Marginal+Revolution%29&utm_content=Google+Reader

Thursday, December 23, 2010

Sunday, December 12, 2010

Saturday, December 11, 2010

Friday, December 10, 2010

Mazi's Link O' the Day

If unemployment benefits get extended, what will the effect on the unemployment rate be? Here's some fun with fractions:

http://www.economist.com/blogs/freeexchange/2010/12/labour_markets

Wednesday, December 8, 2010

Monday, December 6, 2010

Mazi's Link O' the Day

Luckily, it looks like a deal on tax cuts and unemployment benefits is imminent:

http://www.economist.com/blogs/freeexchange/2010/12/fiscal_policy

Sunday, December 5, 2010

The Fed's New Tool, Part 2

You need to click on each image to read it. This is the only way to get equations on Blogger.





Luke's Link

An excellently written and easy to understand article underlining why we NEED green energy.

http://www.nytimes.com/2010/12/05/opinion/05friedman.html?_r=1&hp

Mazi's Link O' the Day

Some criticism of Christina Romer's comments about economic uncertainty:

http://cafehayek.com/2010/12/taxing-credulity.html

Saturday, December 4, 2010

Mazi's Link O' the Day

The New York Times ran a, relatively positive, biopic on Jamie Dimon, head of JP Morgan Chase, recently. Here's a less than flattering response:

http://www.huffingtonpost.com/simon-johnson/jamie-dimon-becoming-too-_b_791518.html

Friday, December 3, 2010

Mazi's Link O' the Day

First, a quick comment:

Jobs numbers out today, and they don't look good. Unemployment rate equals 9.8%.


Anyway, on to the link of the day. And, we're back to discussing China. More specifically, how do they reduce that current account surplus? The president of their central bank, Zhou Xiaochuan, offered his thoughts:

http://www.economist.com/blogs/freeexchange/2010/12/chinas_currency

Wednesday, December 1, 2010

Mazi's Link O' the Day

Some numbers on Canada for comparison (Hint: U.S. non-residential fixed investment increased at a rate of 10.3% last quarter):

http://worthwhile.typepad.com/worthwhile_canadian_initi/2010/11/the-2010q3-gdp-report-investing-in-a-silver-lining.html