Blog Detail
Miller's Musings
http://musingsbymiller.wordpress.com
Comments and Analysis of Financial Markets and the Economy
- Added on: Jun 17th, 2009
- Country: United States
- Language: English
- Author: Paul Miller
- Listed in: Investing Economics
Recent Posts
More on the Need for a Revaluation of the Chinese Currency
A Japanese economist/friend of mine just returned from China. He broached the subject of a currency revaluation to academics and government officials and received no acknowledgement of any problem with the current peg to the dollar. He recommende...
Needed Now: A Costless Stimulation Package…….A Chinese Revaluation (11/28/09)
On November 16, the eve of President Obama’s recent trip to China, two very interesting op-ed pieces appeared in the New York Times. One, The Great Wallop, was by Niall Ferguson, an economic and financial historian and Professor at Harvard. The...
Federal Deficits….Where Will the Money Come From? (posted 11/4/09)
A dozen or so years ago I heard Pete Peterson, former Secretary of Commerce and Senior Chairman of Blackstone Group, expound on the low savings, high balance of payments deficits, and frightening outlook for the fiscal affairs of the United States. H...
A Sense of Unease as the Cycle Begins a Laborious Turn (posted 10/24/09)
Most economists now seems fairly confident that an economic recovery of global dimensions is taking place. Indeed, much of the domestic data we follow has stopped declining and there are many series which have turned up at least slightly. The mo...
Low Quality Recovery; Job Losses Continue
As I have previously written, the so-called reccovery may be statistically a fact, but it is what I have termed very low quality. It is the result of an end to the major negative contributors to GDP, but not actual improvement. Headwinds are sti...
Anatomy of the Decline and an Early Look at the Recovery
I have found it instructive to look back for a moment and analyze the anatomy of the economic decline. From the 4Q of 2007, when the recession officially began, through the 2Q of 2009, real GDP declined 3.5%. Here are the contributors to that fall; t...
