http://www.webalalza.com/economyblogs Everything about the economy in a single blog Fri, 04 Jul 2008 21:32:19 +0000 http://backend.userland.com/rss092 en (July 4, 2008 02:32 PM, by Arnold Kling) In a somewhat melancholy 4th of July essay, Canadian libertarian Pierre Lemieux writes, How could a country founded on the......Original Source: econlog.econlib.org http://www.webalalza.com/economyblogs/2008/07/04/What-Went-Wrong/ It's currently better to be a toy car maker than a real car maker: Mattel's market cap just surpassed that of GM. The maker of Hot Wheels and Matchbox now has a market cap of $6.22B versus the $5.76b cap of the maker of non-toy cars GM. [via Bloomberg] ...Original ... http://www.webalalza.com/economyblogs/2008/07/04/Make-Toy-Cars-Not-Cars/ People seem to be in a historical frame of market mind this weekend, so here is a chart of Dow Jones index returns by U.S. president since Herbert Hoover obtained office in 1929. Note that I have given this result in compound annual terms to compensate for the differing lengths ... http://www.webalalza.com/economyblogs/2008/07/04/Dow-Jones-Returns-by-President-Since-1929/ How to Trade Like the Pros ...Original Source: feeds.thestreet.com http://www.webalalza.com/economyblogs/2008/07/04/How-to-Trade-Like-the-Pros/ Happy Fourth! This seemed perfectly suitable for today: via F...Original Source: http://www.webalalza.com/economyblogs/2008/07/04/Nathan's-Hot-Dog-Eating-Contest-Chart-Porn/ Surveys turn weaker....Original Source: http://www.webalalza.com/economyblogs/2008/07/04/U-S-Economic-Preview-July-7-11/ Europe's banks need to head back out on the fund-raising circuit. They may have to bring in as much as $141 billion, according to Goldman Sachs. Reuters writes that this capital will be necessary "to reach an aggregate Tier I ratio of 9 percent -- a level achieved by European ... http://www.webalalza.com/economyblogs/2008/07/04/Europe-Banks-Head-Back-To-The-Trough-C-BAC-WB-MER-LEH/ This is not the first time in our adult life that we are proud of our country. Accordingly, we are pleased to wish you a Happy Fourth of July. DealBreaker won't be publishing today in observance of Independence Day. We'll leave the comments section open so those of you stuck at ... http://www.webalalza.com/economyblogs/2008/07/04/Happy-Independence-Day/ Early last month, we suggested that it would be more instructive if the media began reporting U3 and U6 Unemployment together. (Unemployment Reporting: A Modest Proposal (U3 + U6)  Northern Trust's Asha Bangalore appears to have been thinking along the same lines, for her NFP post-mortem includes the following:...Original Source: ... http://www.webalalza.com/economyblogs/2008/07/04/Persons-quot-Marginally-Attached-to-the-Labor-Force-quot-+B-D/ Early last month, we suggested that it would be more instructive if the media began reporting U3 and U6 Unemployment together. (Unemployment Reporting: A Modest Proposal (U3 + U6)  Northern Trust's Asha Bangalore appears to have been thinking along the same lines, for her NFP post-mortem includes the following:...Original Source: ... http://www.webalalza.com/economyblogs/2008/07/04/Persons-quot-Marginally-Attached-to-the-Labor-Force-quot/ The former St Louis Fed president, William Poole, now consultant for California-based Merk Investments, made an interesting statement on the Fed policy tradition. In an interview with Germany's n° 1 daily, the Frankfurter Allgemeine Zeitung, Poole stated: "In historical perspective inflation is a means to diminish the stress felt by ... http://www.webalalza.com/economyblogs/2008/07/04/The-Fed-understands-itself/ China Watch: Breaking Into Oil ...Original Source: feeds.thestreet.com http://www.webalalza.com/economyblogs/2008/07/04/China-Watch-Breaking-Into-Oil/ They Just Don't Get GM! ...Original Source: feeds.thestreet.com http://www.webalalza.com/economyblogs/2008/07/04/They-Just-Don't-Get-GM/ Bond spreads widened recently as investors sold bonds on the back of weak euro zone economic data. Rising inflation also means monetary policy is likely to remain tight in the near term. Western European issuances are likely to remain weak in the short term....Original Source: http://www.webalalza.com/economyblogs/2008/07/04/Western-European-Issuances-Remain-in-the-Doldrums-in-the-Second-Quarter/ The ECB has flexed its muscles and its rate hike will be a blow for the entire euro zone. The manufacturing PMI for the euro zone?an indicator of industrial growth in three to six months time?suggests output will contract, with the headline gauge slipping to 49.2 in June, from 50.6 ... http://www.webalalza.com/economyblogs/2008/07/04/The-ECB's-Rate-Hike-Will-Hit-Euro-Zone-Manufacturers/ But price stability is its key concern....Original Source: http://www.webalalza.com/economyblogs/2008/07/04/ECB-Comes-Under-Criticism/ We saw another exciting week full of news for key developments in drug stocks, biotech stocks, medical device stocks, and other companies involved in various aspects of health care and medicine. Below are some of the stock tickers we covered over at BioHealthInvestor.com this week: STOCK TICKERS: ABT, BSX, MDT, ... http://www.webalalza.com/economyblogs/2008/07/04/This-Week's-BioHealth-amp-Biotech-Top-Stories/ Euro falls on weak data....Original Source: http://www.webalalza.com/economyblogs/2008/07/04/Bonds-Strengthen-on-Central-Bank's-Neutral-Stance/ BoE faces a difficult balancing act....Original Source: http://www.webalalza.com/economyblogs/2008/07/04/Grim-Outlook-for-the-U-K-Economy/ Gold Could Hit $1,300 ...Original Source: feeds.thestreet.com http://www.webalalza.com/economyblogs/2008/07/04/Gold-Could-Hit-$1-300/