This is the course blog for Econ 300. It will be used for discussions about the course material and to relate the course material to current events in the news. You are free to post on the site, but must use your real name in all posts. Constructive participation in the blog may impact your grade in a positive direction.
posted by Professor Cramton at
2:05 PM
Peter Cramton is Professor of Economics at the University of Maryland. Since 1983, he has conducted research on auction theory and practice. This research appears in the leading economics journals. The main focus is the design of auctions for many related items. Applications include spectrum auctions, electricity auctions, and treasury auctions. On the practical side, he is Chairman of Market Design Inc., an economics consultancy founded in 1995, focusing on the design of auction markets.
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http://www.economist.com/finance/displaystory.cfm?story_id=13447231
This article deals with the IMF and the growing trust that is needed for the IMF to succeed and rescue our economy
Josh orell
http://news.yahoo.com/s/ap/20090413/ap_on_bi_ge/as_china_economy;_ylt=AhQ0Fujto2qmgZs0s5lw8SGyBhIF
This article deals with Chinas Financial situation, both good and bad, but also the risks that China is facing in terms of their stimulus package and how China has been able to rebound
Josh Orell
http://money.cnn.com/2009/04/14/markets/thebuzz/index.htm?postversion=2009041412
This article puts things into a broad perspective. It tells the reader not to look too deep into the recent 25% stock surge over the last 5 weeks, or to think that the economy is just going to turn for the better on a dime. Yes, the peak of the crisis after AIG and Lehman Brothers collapsed may be long gone, but the economy is still going to struggle for some time. It may still be in a declining state, but at a lesser rate than before. The article sums it up well; "the economy may not be as rainy or sunny as most think. Prepare for more months of mixed data."
http://www.businessweek.com/magazine/content/09_12/b4124018582044.htm?chan=top+news_economics+subindex+page_economics
This article clearly shows the intensity of the debate over the stimulus plan. The point that the article seems to be trying to make is that although many economists, as well as the Obama administration, think this plan is the best idea, there are many respectable economists who are on the other side of the fence.
http://www.economist.com/finance/displayStory.cfm?story_id=13447643&source=hptextfeature
The Fed is independent but due to its influx in regulation in the markets congress passed a non binding bill for auditing the fed. this is not substantial but could it be the first wave to try to bring more regulation to the fed and its activities?
http://money.cnn.com/2009/04/15/real_estate/obama_mortgage_plan/index.htm?postversion=2009041610
Where is this money coming from? I think its kind of hilarious that companies are "signing up" to be bailed out. The real estate business is one of the more complex to fix. Not sure if Obama is doing more good than harm
Elizabeth Warren details how much taxpayer money ($600billion) has been sent to Wall Street and what they've done with it.
First article is about the the idea of the Fed setting the interest rate to negative number
http://www.nytimes.com/2009/04/19/business/economy/19view.html?em
Second article talks about problems Bankers see with the government's stress test
http://www.latimes.com/news/nationworld/world/la-fi-stress-tests19-2009apr19,0,655575.story
http://www.newsweek.com/id/194612
This article proposes the idea that U.S. banks will not only recover from this crisis, but will emerge stronger than ever. With the advantage of generous bailout packages and toxic asset relief programs from the U.S. government, the titans of American banking will once again rule capitalism.
http://www.economist.com/finance/displaystory.cfm?story_id=13491933
This article discusses the effects of home-ownership on the homeowner and how those effects are not always positive even though the economics benefits may be.
http://online.wsj.com/article/SB123792991709930321.html
This article deals with new proposals and ideas in creating new tax revenues in order to save money
Josh Orell
Buckle Down
http://www.economist.com/finance/displaystory.cfm?story_id=13496802
This article discusses that despite some optimism deflation still remains a threat . Also once recovery from the recession does make its way, it will not be quick and easy, rather a painful and slow period.
The Audacity of Hope
http://www.economist.com/finance/displaystory.cfm?story_id=13496794
Similar to my last post about things getting worse before they get better, in regards to the economy. This article specifically discusses the situation of banks, and how it is still possible for them to get worse, before they begin their climb uphill.
This article discusses how economists have failed in large part to predict economic downturns. It brings to light too how some leading economists base their theories on their political affiliation.
http://www.businessweek.com/magazine/content/09_17/b4128026997269_page_3.htm
US banks claim line softened on $74bn
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