Given the risk of dislocating an elbow while patting oneself on the back, we don’t usually print fan mail. But this one, from James J. Krefft (also an author himself), needed to be shared: Recently I borrowed a copy of your book from a friend (so basically pure benefit for me) and I must say I am impressed. I am well-read, . . .
The Fed’s second round of monetary stimulus, the $600 billion QE2, ended on June 30. Since then, financial markets have rallied on news of another Greek bailout, and then fallen on weakening jobs and economic news from the U.S. The Dow is basically back to where it was when QE2 ended on June 30. So the world hasn’t ended, and yet there are those who think we need a third round. The minutes of the latest meeting of Federal Reserve officials, released Tuesday, show them divided on whether to implement a third round of monetary stimulus. Before we get ahead of ourselves, let’s first assess QE2. For that, we turn to two of our regular contributors, Justin Wolfers, and James Altucher.
Video For the past couple of months, we’ve been regularly posting short FREAK-TV videos, made by resident young genius Nick Graham, in a box on the right-hand column of our home page. The problem was that the video itself couldn’t be housed within a blog post, so you had to scramble over to the right-hand column to watch the video . . .
Alan Greenspan has a new book out. I haven’t seen it yet, since I am in London for a few days and it isn’t available here. Economist Brad DeLong talks about the book (among other things) in this podcast. Over at MarginalRevolution, Tyler Cowen offers a set of links as well. So here is my economic forecast for the book: . . .