James Pethokoukis

Summers: Google searches prove economy is recovering

July 17, 2009

White House economic adviser Lawrence Summers said in a speech today that the number of people searching for the term “economic depression” on Google is back down to normal levels, proof anxiety and fear are on the fade. OK, here is the chart:

The chances of a US debt default

July 17, 2009

This is one way of showing the change in America’s fiscal situation — what it costs to ensure against a debt default (via Brookings) using credit default swaps:

Centrists in Congress continue to trip up healthcare refrom

July 17, 2009

This is why the Al Franken/Supermajority Effect is overstated. Centrists in the Senate can toss a spanner into the works. The lot below (letter via HuffPost) want to slow things down for more debate.

Will Obama devalue the dollar to save Democrats?

July 17, 2009

Economist David Rosenberg of Gluskin Sheff makes the speculative — and scary — case that high unemployment + 2010 elections = Obama will devalue the dollar to boost growth. Here is case:

Two years into the credit crunch: a status report

July 17, 2009

Where is the US economy, some two years into the credit crunch (numbers gathered by David Rosenberg of Gluskin Sheff)?:

Is China experiencing a credit bubble?

July 17, 2009

Here are several great charts from Wachovia looking at the Chinese economy in an effort to determine if the nation is experiencing a lending bubble. The firm doesn’t think so — at least not yet — but given government influence in its capital allocation system and the need to keep growth high in a weak global economy, I have to wonder.

Frozen credit markets continue to pink up nicely

July 17, 2009

Yes, credit markets are healthier, though clearly not back to normal (chart from Pimco):