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The Economist (Free subscription) | yesterday
Choose Blog: Free exchange No easy answers in a dysfunctional Washington The Economist | WASHINGTON JAMES HAMILTON has written a good post on the issue of the American government deficit: [T]he question before us is, what will the situation be another two years down the road, when the government will need to go back to bond markets to roll over the debt it issued on Monday along with new debt to cover...
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The Business Insider (Free subscription) | 23/11/2009
Bloomberg offers up an interesting historical parallel to our current situation, in which stocks are soaring, but government debt yields practically nil. For the first time in seven decades, Treasury bills are paying no interest while stocks continue to appreciate -- a divergence in U.S. financial markets that might be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t know all about...
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The Irish Times (Free subscription) | 21/11/2009
THE DIRECTOR of Public Prosecutions, James Hamilton, yesterday expressed his opposition to the death penalty and warned that any move to reintroduce it in Ireland could lead to our isolation from Europe.
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Urbanomics (Free subscription) | 19/11/2009
James Hamilton points attention to the sharp, across the board rise in global commodity prices and questions the popular perception that weakening dollar has been the main contributing factor. He argues that the magnitude of movements in commodity prices greatly exceeds the size of changes in the exchange rate - since the start of this year oil prices have increased five times as much as the dollar...
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Blog Business World (Free subscription) | 17/11/2009
You Are What You Choose The Habits of Mind that Really Determine How We Make Decisions By: Scott de Marchi, James T. Hamilton Published: November 12, 2009 Format: Hardcover, 208pp ISBN-13: 9781591842866 ISBN-10: 1591842867 Publisher: Penguin/Portfolio "Choice is at the crux of all social science, and it's a complicated body of research that a large number of very bright people have worked on",...
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The Economist (Free subscription) | 11/11/2009
When will high petroleum prices send output diving? BACK in the spring, James Hamilton provided the economics world with one of the more interesting results of the crisis and recession—that if you took a macroeconomic model and plugged in observed oil prices through the middle of 2008, you got a near perfect forecast for output in the third quarter of 2008, nevermind the financial crisis. It...
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Lawrance G. Lux (Free subscription) | 11/11/2009
I will provide this link to give some history to my Readers, but it is relatively unimportant in the face of Congressional reluctance to actually impose realistic regulation upon a economic sector who fills the role of Paymaster within the scope of political campaign contributions. Here is a more detailed survey without being too Wonkish, though it only approaches a specific area of intent. My major...
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INSPIONS - Murali's Thought Garage (Free subscription) | 06/11/2009
Well, it depends. Want to know what options are available and how to choose one for your own application, read this wonderful article by James Hamilton. Though this article does not include all possible options (particularly those on the cloud), but its a nice introduction to classify databases based on what you need. Relational databases [...] Related posts: Relational Database Models Vs. Entity Models...
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Lawrance G. Lux (Free subscription) | 30/10/2009
You can find supposed Good News about the economy, though I still have serious reservations about the construct of the new information; I attempting to give the best framework of that data. Study James Hamilton’s estimates, and one finds a concentration of Autos and their Parts. Cash for Clunkers might have been legitimate Stimulus, though I still have serious doubts about the actual benefit...
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Lawrance G. Lux (Free subscription) | 29/10/2009
Conferences have always bothered me, as they seek Excuse for past behavior, rather than true conduct of future policy; read this Post from James Hamilton. The capital adequacy statement only says that the Fed flooded the markets with Cash, the markets did not take the Bait, and Production did not return to normal; yet the Process is touted for the salvation from a Condition never realized, and possibly...
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Black Film Society (Free subscription) | 27/10/2009
You've seen him on Dragon's Den. Now JAMES CAAN is making himself available to the public at a unique event taking place next week! Early Birds £79.00 ... here !!! Whatever you're doing on the 7th & 8th November , I'd strongly recommend you clear your diary and take this lifetime opportunity to meet one of UK's most popular, respected and renowned serial entrepreneurs, Dragons' Den star,...
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Environmental and Urban Economics (Free subscription) | 25/10/2009
James Hamilton has written a great pithy piece on the possible causes of the recent deep recession. As a retired macroeconomist (I dropped out in 1988), I wonder how modern macro guys will figure out how to disentangle the possible explanations that he poses. What calibration exercise will count as a "test"? How will model builders nest the various possible explanations? We seem to have more...
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Snuffysmith's Blog (Free subscription) | 22/10/2009
The jobs deficit: Unemployment and inflation James Hamilton, Econbrowser, October 20, 2009 Does high unemployment mean that there's nothing to worry about in terms of inflation? http://www.econbrowser.com/archives/2009/10/unemployment_an.html Proposal for a Job Creation Tax Credit Catherine Rampell, Economix, October 20, 2009 The Economic Policy Institute releases its template for a tax credit for...
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EconLog (Free subscription) | 21/10/2009
He finds , the forecast of the model for the average inflation rate between 2009:Q4 and 2011:Q4 is -0.5%. ...If for further evidence on inflationary expectations you looked at the gap in yields between nominal Treasuries and TIPS, you'd say inflation expectations remain quite low-- currently the 10-year spread corresponds to an average annual inflation rate under 2% for the next decade. Read his whole...