Items of Interest:
Paul Krugman / NY Times:
Op-Ed Columnist: The Big Inflation Scare -- Does the big inflation scare make any sense? Basically, no. And I suspect that the scare is at least partly about politics rather than economics...
discussions:Economics Blog / Economics Roundtable: US Dollar and InflationTim / The Mess That Greenspan Made: Krugman: Fear of inflation baseless
Brad DeLong / Grasping Reality with Both Hands: Paul Krugman on Inflation Fears: Economists Should Know Better
William Anderson / Mises Economics Blog: Krugman: Inflation? Not!
Gross Domestic Product -- Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 5.7 percent in the first quarter of 2009, (that is, from the fourth quarter to the first quarter), according to preliminary estimates released by the Bureau of Economic Analysis. In the ...
DealBook / NY Times:
U.A.W. Members Ratify G.M. Contract Concessions — The United Automobile Workers union said Friday afternoon that hourly employees at General Motors had overwhelmingly ratified a cost-cutting deal that would help smooth the automaker's path through bankruptcy...
DealBook / NY Times:
G.M. Bondholders Urged to Accept New Debt Deal — Advisers to General Motors bondholders representing $27 billion in the automaker's debt urged investors on Friday to support a debt swap negotiated this week with the Obama administration...
DealBook / NY Times:
After 93 Years, G.M. Shares Go Out on a Low Note — Anyone who grew up thinking of General Motors stock as a blue-chip investment probably wept a little on Friday. G.M.'s shares closed at 75 cents a share on what was likely to be its final day of trading before the company seeks bankruptcy protection...
Editorial / Los Angeles Times: GM and the U.S. Taxpayer
Steven Pearlstein / Washington Post: The Extraordinary Auto Intervention
Daniel Gross / Slate: Here Come the GM Bankruptcy Parasites
Buffett Aide Sokol Says Housing, Economy Aren’t Near Recovery -- The U.S. housing market is nowhere near recovery and signs of stabilization are premature, said David Sokol, a top aide to billionaire investor Warren Buffett who oversees the nation’s second-largest real estate brokerage.
Sokol was among money managers who told an investment conference in New York the economy is still deteriorating and they don’t have a lot of confidence in President Barack Obama’s economic policies.
“We’re not seeing the green shoots,” said Sokol, head of MidAmerican Energy Holdings Co., which owns HomeServices of America Inc. “We don’t see improvement.” ...
Homes in the process of foreclosure are creating a “shadow backlog” of unsold properties that will continue to hang over the market...
Jeff Matthews Is Not Making This Up: “No Green Shoots Here”...A Message from Warren Buffett’s (Likely) Successor.
- Improvement All Around, But Not for Long - Floyd Norris, New York Times
- Will the Recent Cheerful Days Last or Disappear? - The Economist
- How Economists Can Misunderstand the Crisis - Niall Ferguson, Fncl Times
- Why the Bulls Just Won't Die - Michael Kahn, Barron's
- Neither a Bull Nor a Bear Be - Doug Kass, TheStreet.com
- Roubini Finds Economy Even He Can Be Bullish On - Bill Pesek, Bloomberg
- Recovery Not as Easy as U, V or W - Gillian Tett, Financial Times
- The U.S. Consumer Is Still a Mess - David Reilly, Bloomberg
- Treasury Yields Leap to Fair Value - Randall Forsyth, Barron's
- Where Warren Buffett's Money is Going Now - Morningstar, MSN Money
- Liberals and Libertarians, Unite! - Bruce Bartlett, Forbes
- Lost Resorts: The Credit Suisse Loan Debacle - William Cohan, Fortune
- Monsanto's CEO on Growing in a Recession - Reshma Kapadia, SmartMoney
- Obama Must Not Stifle The Dynamism of Capitalism - The Economist
- This Is Joseph Schumpeter's Moment - Carl Schramm, Wall Street Journal
- Forging A Second American Manufacturing Century - John Engler, Forbes
- Obama's Czar Should Obey "Cyber Commandment" - Wayne Crews, RCM
- A Stimulus (Tort Reform) You Can Believe In - Ted Frank, The American
- NYSE's Duncan Niederauer on Obama - Maria Bartiromo, BusinessWeek
- Why Free Market Zealots Are Just Wrong - Charles Davi, The Atlantic
- Are the Media Shunning Jim Rogers & Peter Schiff? - Clusterstock
- Why Keynes Was Right & Wrong, and Why It Matters - Economist's Forum
- Is Another Global Liqudity Glut Forming? - Macro & Other Market Musings
- A Look at Possible Dow Replacements for GM - Fundamental Insights & Ideas
- Will Higher Ed Be The Next Bubble to Burst? - Cronin/Horton, Chronicle