BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[NYT's Krugman to President-elect Obama: Think big ]]>http://www.bloggingstocks.com/2008/11/11/nyts-krugman-to-president-elect-obama-think-big/http://www.bloggingstocks.com/2008/11/11/nyts-krugman-to-president-elect-obama-think-big/http://www.bloggingstocks.com/2008/11/11/nyts-krugman-to-president-elect-obama-think-big/#commentsFiled under: , , ,

New York Times (NYSE: NYT) columnist and Nobel Prize-winning economist Paul Krugman argues, in so many words, that, indeed, the United States must go back, to get to the future.

Krugman's advice for President-elect Barack Obama? Think big. Contrary to selected, conservative arguments about President Franklin D. Roosevelt's New Deal, the reason the New Deal had limited, short-term success was the fact that FDR's economic policies were too cautious, he said.

The New Deal: new life

The New Deal's long-term success and achievements, including the structural changes to the U.S. economy (including Social Security and bank deposit insurance), have proved to be both durable and essential, most economists, including Krugman, agree.

Hence, President-elect Obama should think big from the get-go, Krugman says, and avoid the mistaken belief that 'government spending made the Great Depression worse,' and Obama should move forward with a large fiscal stimulus to put people back to work, for work that needs to be done in these United States.

Continue reading NYT's Krugman to President-elect Obama: Think big

NYT's Krugman to President-elect Obama: Think big originally appeared on BloggingStocks on Tue, 11 Nov 2008 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>1920s1930sBarack ObamaDemocratsFDRfiscal policyFranklin D. RooseveltgdpGreat DepressionHooverKeynesKeynesiansNew DealObamaPaul Krugmanpump primingRepublicansRoaring 20sU.S. economyWorld War IITue, 11 Nov 2008 16:00:00 EST<![CDATA[Economist: March OPEC supply cut would be 'disruptive, scandalous']]>http://www.bloggingstocks.com/2008/02/25/economist-march-opec-supply-cut-would-be-disruptive-scandalou/http://www.bloggingstocks.com/2008/02/25/economist-march-opec-supply-cut-would-be-disruptive-scandalou/http://www.bloggingstocks.com/2008/02/25/economist-march-opec-supply-cut-would-be-disruptive-scandalou/#commentsFiled under: , ,

With oil treading-water well above the $90 mark, a production cut by the world's largest cartel, OPEC, at its March 5 meeting would be "disruptive and scandalous," according to one economist.

Economist Steve Affinito told BloggingStocks Monday the fact that oil surged more than $10 from a pullback to $86 after certain OPEC officials hinted at a spring production cut underscores the thin margin -- or safety cushion -- that exists between global oil supply and demand. Oil closed Monday up 42 cents to $99.23.

"OPEC says it's concerned about rising oil inventories this spring due to the sluggish U.S. economy but it conveniently forgets the small safety cushion. If markets were so well supplied as they say, oil prices wouldn't jump $5 or $10 every time an OPEC oil minister expresses the slightest concern about rising inventories," Affinito said. "The fact remains that although oil markets may be 'well supplied' there's very little margin for error or production break-downs in the international oil system."

Continue reading Economist: March OPEC supply cut would be 'disruptive, scandalous'

Economist: March OPEC supply cut would be 'disruptive, scandalous' originally appeared on BloggingStocks on Mon, 25 Feb 2008 17:46:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>1920sBritish poundconsumer pricesdollareurogasolinegasoline pricesGDPglobal economyheating oilheating oil pricesinflationinflation hedgesoiloil pricesOPECU.S. economyyenMon, 25 Feb 2008 17:46:00 EST