hitting the wall: Chart of the Day – … For some perspective, today’s chart illustrates the percent increase in the number of jobs for every decade since the 1940s (the data goes back to 1939). …
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great unemployment charts: The Sick Old Man of the Americas – Casey’s Daily Dispatch
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this is interesting – Q&A: Pimco’s Bill Gross Sees 2010 as Year of Reckoning – By John Curran – TIME.com
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Investment Outlook – Bill Gross – Let’s Get Fisical – PIMCO
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Exercises In Supreme Hypocrisy: Bill Gross Edition – Submitted by Tyler Durden – In a pathological example of nearly clinical hypocrisy, PIMCO’s Bill Gross yesterday dedicated 4 meandering essay pages full of polemical ramblings to the characterization of America’s sad political and financial hybrid reality. Yet the billionaire’s saddest message is precisely the self-deluded aggrandizement that Gross decries yet willfully takes advantage of every single day. – Zero Hedge
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Global Boom Builds for Epic Bust: Peter Boone and Simon Johnson – There are three main lessons to be learned from the past year. First, we’ve built a dangerous financial system in Europe and the U.S., and 2009 made it more dangerous. – has other 2 and more thoughts – Bloomberg
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The Keynesian Multiplier: Less Effective with Each New Stimulus Package – Kimball Corson – There is a small war going on between liberal and conservative economists about whether government stimulus packages increase or do not materially affect basic levels of economic activity. Liberals think they stimulate economic growth a lot; conservative economists disagree. I think both camps are wrong and that the Keynesian multiplier becomes lower and lower and more and more transitory in its impact for each successive stimulus program adopted during a recession. … – Seeking Alpha
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Peter Schiff: A Hell of a Decade – In its recent look back on the first ten years of the century, Time Magazine proclaimed the period to be “the decade from hell.” … Under no circumstances could the past ten years be described as “the decade from hell.” In fact, in terms of economic good fortune, the period shares parallels with the Roaring Twenties. I would describe this as a decade of sin that paved the way to hell. … – more thoughts at Euro Pacific
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has list – S&P’s Top 10 Worries for 2010 – To counterbalance an otherwise optimistic outlook for 2010, S&P’s Market, Credit, and Risk Strategies Group has issued a list of “10 Concerns You Probably Think You Don’t Need To Worry About In 2010 (And Therefore Should Be Worried About).” The independent MCRS team is concerned about what one might call “stag-deflation.” … – Research Recap
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has lists – BlackRock’s Crystal Ball into 2010 and the Next Decade – By Dian L. Chu –
BlackRock, Inc. (BLK) Vice Chairman Bob Doll has been putting out annual predictions for 15 years. Doll, who helps oversee about $3.2 trillion at BlackRock, the world’s biggest asset manager, just released his ten predictions for 2010 and for the next ten year. Eleven of the twelve predictions he made for 2009 were right. Below are Highlights of his latest market forecasts. – Economic Forecasts & Opinions
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When Will China Be Larger than the U.S. Economy? – Bill Conerly – I got this question twice this week, once from an interest reader and once after a speech. I expect China’s economy to be larger than ours within the next decade, most likely around 2018. Here’s a picture of the two economies: … – Businomics Blog
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2010 Forecast: The Year of Uncertainty – … regarding the repeal of Bush Tax Cuts – … My contention is that if such a tax increase is enacted all at once, the economy will at a minimum dip back into a nasty recession. … But I have to be willing to change my mind if The Great Experiment proves me wrong. But if you think unemployment is high now, you will really not like what happens if we dip back into recession. It could go a lot higher. They are truly risking a great deal if they decide to pursue this experiment. Thus, I am faced with a great deal of uncertainty as I look into the future with my forecasts … – John Mauldin’s Weekly E-Letter
Michael Schumacher seems ready to leave everything behind and focus solely on his return to Formula One racing, according to the recent reports in the German media. His preparation for the 2010 season of F1 has become so important that the 41-year old German decided to sell his kart track to brother Ralf, as he wouldn’t have had the proper time to take care of it throughout the year.
