Archives: December 2007

A Good Word for A (Sort-of-Old) Book

Posted by: Michael Mandel on December 28, Categories: Books

James Pethokoukis of U.S. News & World Report was nice enough to name my book Rational Exuberance one of his "Fantastic Four Favorite Books" of 2007 (despite the fact that...

Tracking the Consumer Crunch

Posted by: Michael Mandel on December 27, Categories: Macro

This morning the NYT has an article titled "Major Retailers Feel the Squeeze From Consumers": As the nation’s merchants began poring — or weeping — over holiday sales receipts Wednesday,...

More Signs of the Coming Consumer Crunch

Posted by: Michael Mandel on December 24, Categories: Financial markets

The Associated Press carried this story yesterday: SAN FRANCISCO (AP) -- Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by...

A Vision of the Tax Future

Posted by: Michael Mandel on December 19, Categories: Taxation

Yesterday I went to the International Tax Policy Forum conference, "Who Pays the Corporate Tax in an Open Economy?". By choice, I don't attend many conferences, but after this one,...

The Federal Tax Burden

Posted by: Michael Mandel on December 17, Categories: Taxation

This chart has something for both Democrats and Republicans. It's federal personal income taxes as a share of personal income (four quarter moving average). If I was a Republican economist,...

Is it a bailout?

Posted by: Michael Mandel on December 13, Categories: The Fed

I'm writing the Fed chapter of my econ textbook right now, and I'm fascinated to see that the "term auction facility" has been added as a fourth tool of monetary...

My Portfolio...

Posted by: Michael Mandel on December 12, Categories: Investments

Nobody cares, but.... ...I like to try and align my investments with my views on the economy. A year ago I shifted some of my money from domestic equities to...

Comment problem fixed

Posted by: Michael Mandel on December 10, Categories: Journalism

For those of you who have been encountering comment problems, it has been fixed. Let me know if the problems come back....

An Opinion on the Bush Mortgage plan

Posted by: Michael Mandel on December 07, Categories: Financial markets

Nouriel Roubini likes the Bush plan: I have already commented before on why an across-the-board (like in the Treasury/banks plan) rather than a case-by-case approach to sub-prime mortgage restructurings makes...

The Future of Manufacturing

Posted by: Michael Mandel on December 05, Categories: Labor Market

The BLS has just come out with its latest 10 year employment projections, running from 2006 to 2016. The projections call for a 10.6% drop in the number of manufacturing...

Robert Reich on the end of an era

Posted by: Michael Mandel on December 05, Categories: Labor Market

Catching up with Reich's blog--in his latest post, he writes: According to new polls, the economy is the number 1 issue for American voters. But that's not just because the...

About

Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

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