Tuesday, January 31, 2012

Mazi's Link O' the Day

Facebook says it's responsible for creating 450,00 job... I'll let you judge that:

http://business.time.com/2012/01/31/facebook-is-responsible-for-creating-450000-jobs-really/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+timeblogs%2Fcurious_capitalist+%28TIME%3A+Business%29

Sunday, January 29, 2012

Mazi's Link O' the Day

Coffee vs. booze: http://www.newmarksdoor.com/mainblog/2012/01/coffee-and-the-age-of-reason.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NewmarksDoor+%28Newmark%27s+Door%29

Saturday, January 28, 2012

Mazi's Link O' the Day

Coffee vs. booze: http://www.newmarksdoor.com/mainblog/2012/01/coffee-and-the-age-of-reason.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NewmarksDoor+%28Newmark%27s+Door%29

Friday, January 27, 2012

Pardon Who?

After a long drought of strong opinions on governance on this blog (Econstu really suffered), I'm back to start opining on the intersection between public policy and economics. That, or whatever I need to vent about. To start things off, why do pardons exist? Our presidents and governors take opportunity of their last days in office to free well-connected individuals and help them circumvent the justice system. Let's follow this to its logical conclusion.

If a governor pardons a man, it stands to reason that that governor believed the sentence to be too harsh. Yet, what is our justice system for, if not to mete out proper sentences for wrongdoing? If a governor can pardon anyone, why do we even have the need for the court system? After all, we gave the governor the right to pardon, so he must know better than judges and juries. (Cue sarcasm) In honor of the time-honored tradition of the pardon, I propose that we abolish our judicial system and leave all legal matters up to governors from here on out (end sarcasm).

We have courts to serve justice, we have governors to govern. Let's stop letting governors play pretend all-knowing all-seeing arbiter of justice at the end of their terms.

For reference: http://www.nytimes.com/2012/01/28/us/many-pardon-applicants-stressed-connection-to-mississippi-governor.html?hp

Wednesday, January 25, 2012

Mazi's Link O' the Day

I might argue that the title and conclusion of this article are not in sync with the body, but both ideas put forth are correct. The title claims that higher taxes will HAVE to be part of our near-term future. Yes, true. Sorry conservatives, but you cannot cut spending indefinitely, and pretty soon the clamor for a raise in taxes will be too loud to ignore. The body argues that this increase will be GOOD. Also true, and something I've argues before:

http://taxvox.taxpolicycenter.org/2012/01/23/why-higher-taxes-will-have-to-be-part-of-the-medium-and-long-term-fiscal-solution/

Tuesday, January 24, 2012

Mazi's Link O' the Day

TED argues that we cannot have a well-functioning, transparent financial system. By its very nature said system must be opaque, and surprisingly(?), he's fine with it. Point being: Show me another financial system, in history, that works better:

http://epicureandealmaker.blogspot.com/2012/01/all-together-now.html

Monday, January 23, 2012

Mazi's Link O' the Day

A good article giving some of the low-down on all the attacks on private equity (courtesy of the Republican presidential candidates):

http://www.newyorker.com/talk/financial/2012/01/30/120130ta_talk_surowiecki

Sunday, January 22, 2012

Mazi's Link O' the Day

TED reviews Margin Call (which I liked). You should all go see it: http://epicureandealmaker.blogspot.com/2012/01/certain-moral-flexibility.html

Saturday, January 21, 2012

Mazi's Link O' the Day

Amazing stat: It's been 37 months that interest rates have been at/near 0! Unbelievable.... So, when's it gonna change? The Fed is going to have its Open Market Committee meeting soon. I guess we'll see:

http://blogs.wsj.com/economics/2012/01/21/number-of-the-week-when-will-fed-raise-rates/?mod=WSJBlog

Monday, January 16, 2012

And So Much For All That...

Those of you Internet dwellers who happen upon this site with any semi-regular frequency might have raised an eyebrow at the lack of "full posts" in good while. Be thankful that there have been any Links O' the Day, I would counter.

Your humble author is currently drowning in mathematical work from his current institution of higher learning in the United Kingdom. And aside from all that, various boorish chores have called my attention away from my true love (You! My precious peons!). 

But no need to pull out a box of Kleenex for your tears yet. Full posting should resume soon, just as soon as my sleep schedule becomes less abhorrent.

In the meantime, it's a new year, so this seems as good a time as any to ask if there exists at least a few worthy souls who wish to contribute to EconStu. 

You can reach me at mazikazemi@gmail.com.

Ciao for now!

Mazi's Link O' the Day

TED discusses the auction process for a firm (in response to an article attacking Bain Capital's tactics):

http://epicureandealmaker.blogspot.com/2012/01/all-fair.html

Sunday, January 15, 2012

Thursday, January 12, 2012

Wednesday, January 11, 2012

Mazi's Link O' the Day

The news is buzzing about optimism in the U.S. economy, but before we all decide that the storm has passed, we ought to take a moment to look at some rough patches. Here's a bit on fiscal policy/spending:

http://jaredbernsteinblog.com/fiscal-drag/

Tuesday, January 10, 2012

Mazi's Link O' the Day

7% is the "magic number" when it comes to high yields. Italy's sovereign debt is trading above this level. Sign o' the times? Not so good:

http://blogs.wsj.com/economics/2012/01/10/vital-signs-elevated-italian-bond-yields/?mod=WSJBlog

Monday, January 9, 2012

Mazi's Link O' the Day

TED gives a brief summary of "missed points" when it comes to criticisms of banker pay:

http://epicureandealmaker.blogspot.com/2012/01/root-of-some-evil.html

Wednesday, January 4, 2012

Mazi's Link O' the Day

A nice tie in with my last post, this article keeps you on your toes and reminds you: There are many unknown dangers in the year ahead:

Monday, January 2, 2012

Ineptitude: 2011 Edition



Now that we have stumbled, headfirst into another year after we all barely escaped the last one alive, it's time to reflect, as they say. And while our success and victories might serve as the sweeter ingredient in our 2011 memories, it is undoubtedly more entertaining to parade out the failures for one last lap around the track.

Embracing said tone, we at EconStu would like to present 3 economic failures of note in 2011. Sadly, unlike personal flops, economic ones take a while to fade to the background, and, in some cases, cannot be relegated to "Memory Land" just yet. But enough! Here they are:

3. MF Global gets its hand stuck in the wrong cookie jar.

It was Halloween when derivatives broker MF Global showed the world its hand. That hand, it turned out, was alarmingly void of money. Money that belonged to clients. MF was not stashing that cash away for a rainy day, protecting form the hardships of the world. Actually, MF didn't seem to have much an ideas as to where it all went. It appears the company, in reality, decided to use this customer money to cover up some of its own mistakes, namely, bets on European sovereign debt.

Also, MF Global was a "primary dealer." That means it was one of a handful of firms allowed to trade directly with the Federal Reserve. Well... That's reassuring.

2. The Clock almost strikes midnight on Congress

We should well remember the fiasco in the middle of the summer of 2011. Here's the brief:

The U.S. has a debt ceiling (Why? I don't know).

Congress habitually raises said ceiling to allow the Treasury to borrow money to pay people to things (read: pay the governments employees).

The Tea Party recently rose to power (hence, they have a fresh agenda).

Some right wing politicians decided to NEVER raise taxes... Again.

They almost failed to pass the debt ceiling raise.

They did (in the end).

We got downgraded.


3. Europe's in trouble.

Get rid of your euros!!!! NOW!

Sunday, January 1, 2012

Mazi's Link O' the Day

Greg Mankiw is excited for John Cochrane (of Chicago) blogging. You should be too! (P.S.- He's a tad right of center... But that means different things in economics vs. politics):

http://gregmankiw.blogspot.com/2011/12/more-competition.html