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Spend and Borrow: Economists Are Wrong Again

As if they didn't cause enough damage by espousing theories that failed to account for the inefficiencies and irrationalities of the real world, many economists are advocating aggressive spend-and-borrow policies to revive the financial crisis-hit U.S. ...

From MICHAEL PANZNER, ETF Investor,  22 Nov 2009

Related Topics: Paul Krugman

U.S. Government: One Hand Takes What the Other Doles Out

Leaving aside the question of whether those who expect a repeat of what happened eighty years ago will be proved correct, they have been right about one thing. At least some of the trillions of dollars of monetary and fiscal stimulus that has been ...

From MICHAEL PANZNER, Seeking Alpha,  22 Nov 2009

Related Topics: Economic Policy Institute,  White House,  Jared Bernstein

Michael J. Panzner: Economists: Wrong Again

In a word, the Keynesian Kool-Aid drinkers are saying that debt doesn't matter. As I see it, there are plenty of reasons to challenge the apparent indifference of Paul Krugman, Dean Baker, James Kwak, and others to the parabolic rise in public debt, ...

From MICHAEL J. PANZNER, Huffington Post,  21 Nov 2009

Related Topics: Paul Krugman

From Bear to Bull By Sector

Most investors know that the S&P 500 hit a record high in October 2007 and a (the?) low in March of this year. But when you break it down by sector, things are a bit more complicated. Otherwise, for those who are wondering whether there is more upside ...

From MICHAEL PANZNER, The Big Picture,  20 Nov 2009

Gold: Getting Fuzzy?

…but surely this must be telling us something about the gold market? or the market for fat cats… Cats land on their feet most nearly all of the time. And they have 9 lives. We have 2 felines, and I can personally attest to their resilience. Not sure ...

From MICHAEL PANZNER, The Big Picture,  19 Nov 2009

Related Topics: Woody Allen

A Déjà Vu Moment in Gold?

Those who believe the rally in gold is sending the wrong message on inflation might take comfort from the fact that the price of the yellow metal relative to that of the 30-year Treasury bond is approaching a 30-year high. Perhaps not coincidentally, ...

From MICHAEL PANZNER, The Big Picture,  18 Nov 2009

Related Topics: UST Inc.

China's Recovering Export Sector: Less than Meets the Eye

It's early in the trading day, but the bulls are already charged up by apparent good news out of China. According to Bloomberg, production rose 16.1 percent from a year before, the most since March 2008, the statistics bureau said in Beijing today. ...

From MICHAEL PANZNER, Seeking Alpha,  11 Nov 2009

Robert Samuelson on Debt in First-World Nations

It's not quite Kübler-Ross' five stages of grief -- in fact, it's more like two -- but it seems that at least some mainstream media types have stopped drinking the Keynesian Kool-Aid. They are beginning to accept that an exponential increase in our ...

From MICHAEL PANZNER, Seeking Alpha,  8 Nov 2009

Related Topics: International Monetary Fund,  Newsweek

On Financial Bloggers Meeting with Treasury Department

Below is a blog post recap by Yves Smith of Naked Capitalism of a meeting that took place Monday between a group of bloggers (including yours truly) and various Treasury officials, entitled It was also striking to see that the Treasury officials ...

From MICHAEL PANZNER, ETF Investor,  4 Nov 2009

Related Topics: United States Department of the Treasury,  Joseph Stiglitz,  Barack Obama

Michael J. Panzner: Treasury Officials Meet With Financial Bloggers

Taking its cue, perhaps, from the Obama Administration's reported efforts to reach out to the political blogging community in the hopes of cultivating broad support for its ambitious agenda, the Treasury yesterday organized a meeting between various ...

From MICHAEL J. PANZNER, Huffington Post,  3 Nov 2009

Related Topics: United States Department of the Treasury,  Barack Obama

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