Monthly Archives: July 2009
Greenspan and his critics, again — with a Canadian twist
His critics blame Alan Greenspan for setting interest rates too low, which caused the house-price bubble, which then burst and caused the financial crisis. As I argued back in February, the critics are typically confused between interest rates that are low, and interest rates that are low relative to the natural rate. The topic is […]
The Alberta Premier’s Council of Economic Strategy has no Alberta economists
U of Calgary's Aidan Hollis delivers the snark: Twelve members, of whom one is an economist. Presumably the idea is that anyone is an expert in economics. Either that, or economists have not much to add. No academics from Alberta. Two Oxford professors, one an expert in the ethics of post-conflict reconstruction, and another an immunologist. […]
US dollar rises on bad employment news. And on good employment news.
I can never get enough of these sorts of articles: Loonie weakens as jobless data spooks investors: Canada's currency weakened after a U.S. government report showed employers cut more jobs in June than economists forecast, diminishing prospects for the country's economic recovery. "A worse number is going to be bad for risk appetite," said Shaun […]
Worthwhile Canadian Initiative 
Recent Comments