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Most recent posts

  • All the Presidents' Men

    posted to The New Arthurian Economics on Tue 8th Oct 13

    A few years back, Jazzbumpa and I disagreed endlessly about whether some particular graph showed an exponential pattern or not, or more like, or less like. In the middle of all that, one day I came across a post at Historinhas. Marcus Nunes had taken a graph

  • Think of it this way

    posted to The New Arthurian Economics on Mon 7th Oct 13

    Yesterday's graph compared corporate interest cost and corporate profits. Both were down near zero from the late 1940s to around 1970, with profits running a little higher than interest cost. Around 1970 the positions changed. Interest cost went higher than

  • Camera bug

    posted to The New Arthurian Economics on Sun 6th Oct 13

    My wife took this picture at my request. That's the second woolly bear I saw in September, and both of 'em had the long black band in front, and a short black band at the rear. What does it mean? Maybe that the winter starts out rough, but spring comes early?

Most popular posts

  • A Barometer of Growth

    posted to The New Arthurian Economics on Tue 27th Aug 13

    A search for PFI at FRED turned up plenty of results but only one containing the word "investment":Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Finland I didn't

  • Three Decades (2)

    posted to The New Arthurian Economics on Mon 8th Oct 12

    Graph #1: The Growth of Debt (blue) and Output (red), 1950-1980In the 1950s debt grew slowly, and accumulated debt (not shown) was not great. Economic growth was rapid, sometimes more rapid even that debt growth. In the 1960s this pattern continued, but debt

  • Three Decades

    posted to The New Arthurian Economics on Mon 8th Oct 12

    When there is too much debt, it is necessary to reduce debt. In an environment where everything is growing, it is possible to reduce debt simply by having debt grow more slowly. This is what happened in the 1980s, after about 1986. When there is not too much

Latest posts linking here

  • Rational Nonexuberence Part 1

    posted to Angry Bear on Thu 12th Sep 13

    In comments to this post, the idea is floated that capacity utilization (TCU) is about to surge.Mark Sadowski, in comment 5 at this post, reminds us that, “Capacity utilization only applies to industrial production, and industrial production consists

  • Debt and Growth

    posted to Angry Bear on Thu 11th Oct 12

    Art at The New Arthurian Economics and I are looking at the relationship between debt and economic growth.  Art started with an observation of two FRED series, total credit market debt owed (TCMDO) and Gross Domestic Product (GDP,  nominal or GDPC1,

  • Debt, Recession, and That Ol' Devil Denominator

    posted to Angry Bear on Thu 23rd Aug 12

    Krugman recently presented this graph, showing household debt as a percentage of GDP. and made this comment.Second, a dramatic rise in household debt, which many of us now believe lies at the heart of our continuing depression. There are those who seem to believe