EconWatch.com > Paul Krugman's Correct Views on Everything
[Brad DeLong's Semi-Daily Journal: Fair and Balanced Almost Every Day] Assuming the post's title is accurate and Krugman is right about everything, I should be planning for this. I can't afford to take positions in the currency or bond markets, but maybe I can convince my wife we should get that new tv before import prices spike.
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[Delong.typepad.com] Brad DeLong's Semi-Daily Journal: Greg Mankiw's Blog: Is the U.S. ...: liberal: ”˜The entirely commonplace, dishonest right-wing smokescreen of conflating the future growth of payout of the Social Security and Medicare programs "rounds out the discussion"?’ Everybody has their little rhetorical tricks, and my whole point is that one should see things from as many points of view as possible, which means, let Krugman point out Mankiw’s tricks (as he has, of course, long ago, on this one), and let somebody else point out Krugman’s tricks, and let Mankiw point out somebody else’s tricks. And actually, it’s all the better that Mankiw exposes this trick to the sort of challenge that the blog format allows.
[Economistsview.typepad.com] Economist's View: International Finance: This is Greenspan's real conundrum.Dallas Fed President Richard Fisher's "eighth-inning'' baseballmetaphor last week notwithstanding, there has been nothing from the Fedto suggest an end to the cycle of rate increases ”¦ Fed officials havesaid in every way except via the language in the policy statement thatthey're more concerned about accelerating inflation than slower growth.Given their focus on wages as the driver of inflation, the news lastweek that unit labor costs in the non-farm business sector rose at a4.3 percent year-over-year rate flashed yellow on their radar screen.The actual inflation news isn't all that great either. While the CPIexcluding food and energy was unchanged in April from the prior month,core services prices (services excluding energy) rose at a three-monthannualized rate of 3.8 percent, challenging the notion that the currentinflation is "all energy.'' As recently as January, core services wererising at a 2.4 percent pace.
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