EconoChattag:www.businessweek.com,2010-03-09:/the_thread/economicsunbound//382012-02-10T13:39:05ZRead the world economy blog for global economic issues. Stay up to date on economic analysis, and read updated economic commentary from industry experts.Movable Type 4.37Even If Rather Crudetag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321752012-02-10T11:40:06Z2012-02-10T13:39:05Z"Krugman has staked out a rather crude Keynesian position and unrelentingly so," Sachs said today, referring to John Maynard Keynes, the British economist who advocated government spending to spur economic growth during the Great Depression. Krugman "knows one thing, which...Tom KeeneReally, Really Mind Your Qstag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321702012-02-08T11:58:20Z2012-02-08T12:39:58ZWJB Capital, which was based in New York and employed about 100 people, halted its brokerage operations following a year of slower trading, a shortage of capital and interest rates of 25 percent on some debts. MF Global, the New...Tom KeeneAccidental and Insane and Just Perfecttag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321682012-02-07T15:41:56Z2012-02-07T15:52:28ZAhmad Bradshaw's six-yard touchdown "run" was accidental and insane and just perfect. It was sort of the athletic equivalent of putting opposite magnets next to each other. It looked like he had just been tased. Will Leitch, New York Magazine,...Tom KeeneBroken Story, Broken Stocktag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321612012-02-03T12:06:05Z2012-02-03T13:15:05ZMaintain Buy -- While we sure don't like the fact that PG is losing market share in a bunch of big categories and big markets, we aren't ready to say that PG is a broken story or broken stock. These...Tom KeeneFB is Not a Lay-Uptag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321572012-02-02T02:55:16Z2012-02-02T13:14:56ZWe think the world's information infrastructure should resemble the social graph -- a network built from the bottom up or peer-to-peer, rather than the monolithic, top-down structure that has existed to date. --Letter from Mark Zuckerberg, 01 Feb 2012 Unfavorable...Tom KeeneGlimmer Not Cloudtag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321552012-02-01T12:09:16Z2012-02-01T14:48:02ZJust when there's the Glimmer of Margin Stabilization, there's the Cloud of Revenue Deceleration... --Mark Mahaney, Citigroup, 01/31, 4:55 pm, first look at amazon.com revenues (or lack there of). Mr. Pearlman, out at StockTwits, nails it. Low margin businesses leave...Tom KeeneAs It Should Be Donetag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321482012-01-31T11:59:46Z2012-01-31T12:46:48ZThere lay certitude; there, in the daily round. All the rest hung on mere threads and trivial contingencies; you couldn't waste your time on it. The thing was to do your job as it should be done. --Albert Camus, The...Tom KeeneThis Awkward Timetag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321412012-01-26T11:34:53Z2012-01-26T18:33:48ZJohn Gapper, over at the FT, has the best phrase I have seen at this Dithering Davos. It is "this awkward time." Life goes on five years into crisis. Everything "Big" has access to capital, is up-to-their-eyeballs in cash and...Tom KeeneLose the Pablum. Stop Dithering.tag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321382012-01-24T12:09:40Z2012-01-24T13:11:17ZCountries should fight rising inequality with policies that simultaneously curb the income gap between rich and poor while boosting economic growth. --Reducing Inequality While Boosting Economic Growth is Possible, OECD Chief Economist Pier Carlo Padoan, via e-mail, 23 January 2012....Tom KeeneWith a Hammer (to the Memory of Mark Blaug)tag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321342012-01-20T11:13:20Z2012-01-20T12:30:36Z...the inflation and the stagflation of the 1970s did more to persuade economists that there was something wrong with Keynesian economics--that you needed supply-side policies and all that--than all the empirical evidence on the econometric studies against Keynesian economics. Sometimes...Tom KeeneDithering Davostag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321312012-01-18T19:39:47Z2012-01-18T20:25:32ZToday, when you tap a mechanical meter to increase its accuracy, you are applying dither, and modern dictionaries define dither as a highly nervous, confused, or agitated state. In minute quantities, dither successfully makes a digitization system a little more...Tom KeeneStop Ditheringtag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321262012-01-15T17:00:11Z2012-01-15T18:07:49Z...we have just introduced a new currency in eleven countries with different histories, cultures and backgrounds. Establishing and maintaining a European culture of stability is of the utmost importance. This also explains why central bankers regularly express their views on...Tom KeeneWhat Would Al Hunt Say About This Interview? (How Do You Do It?)tag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321142012-01-11T03:21:18Z2012-01-12T23:04:59ZOne strategy for reading comprehension is the technique called SQ3R. This stands for Survey, Question, Read, Recite, and Review. In order to get an understanding of the text, you should survey the chapters. This consists of quickly looking at the...Tom KeeneIt's Here...2012.tag:www.businessweek.com,2012:/the_thread/economicsunbound//38.321042012-01-08T23:32:27Z2012-01-08T23:47:19ZEven if all of these funds were used for spending increases or tax reductions, the debt held by the public was still projected to be paid off, on a net basis, by 2012. Jeffrey A. Frankel and Peter R. Orszag,...Tom Keene...Gertalytag:www.businessweek.com,2011:/the_thread/economicsunbound//38.320832011-12-22T13:18:36Z2011-12-22T13:32:37ZClarida and Gertler (1997) present both formal and informal evidence that the Bundesbank's commitment to fight inflation waned somewhat during the period between the two major oil shocks. In 1979 it conceded that this had been a mistake and reaffirmed...Tom Keene