Cartoon, Graph of the Day
From Henry Payne, Detroit News
Exhibit A:
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, September 20, 2009
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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8 Comments:
Fan Letter:
I get the point of Debt/GDP, that bigger is worse. But I cringe nonetheless, because this mixes balance sheet (debt) with income statement (GDP). How about a debt/equity number or a net-assets number? Or times-interest-earned?
Bob Barry, Pittsburgh
From USAToday, dated May 19, '09: When obligations of state and local governments are added, the total rises to $61.7 trillion, or $531,472 per household. That is more than four times what Americans owe in personal debt such as mortgages...
Private debt to GDP soared from 60% in 2001 to 105% in 2009, while government expenditures as a percent of GDP remained constant.
The government has taken on a lot of debt recently to rescue a lot of drunk banks.
Here is the data. Drink this.
http://www.comstockfunds.com/files/NLPP00000/425.pdf
http://www.comstockfunds.com/files/NLPP00000/424.pdf
For some reason the phrase pdf was truncated after the cites listed above, so you need to ad "df" following the "p" in the cites.
Anon.,
URLs often get cut off when you cut & paste. HTML is a simple programming language used to format text on websites. HTML allows you to format the text ie. bold or italics or post an internet link which users can access by clicking on highlighted text.
It isn't that hard. See HTML lessons.
The tags have code to turn on and a code to cancel the command. Read a bit about it so you understand the basic concepts then jump down to item 8c which will tell you the exact format to post a URL.
You can copy the basic format into a file so that you can use copy & paste to insert the URL and the phrase to activate the link.
That doesn't excuse the misdeeds of Wall Street in the first place.
"That doesn't excuse the misdeeds of Wall Street in the first place"...
What are these alledged misdeeds you speak of sethstorm?
How many of these alledged misdeeds was a result of federal government interference into the free marketplace?
Fed plan includes policing bank pay
Proposed regulation on compensation infringes on Del. courts, experts say
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