James Pethokoukis

The impact of Dodd’s Senate departure

January 6, 2010

Some talking points/analysis on the  Chris Dodd retirement

Makes it more likely Ds keep CT Senate seat, but also a sign of voter discontent with incumbents. Welcome to the U.S. Senate Richard Blumenthal, who says he will run.

The campaign against Larry Summers

January 6, 2010

A quick exit for Larry Summers? That’s the goal of an incipient whispering campaign within segments of his own party. Detractors of the superstar White House  economic adviser blame his deficit-phobia for a skimpy stimulus and resulting jobless recovery in the United States.

Is Larry Summers on his way out?

January 5, 2010

The anti-Larry Summers buzz grow louder ( such as here, here and here.) There is a lot going on here. Liberals blogs have been all over him for pushing the $800 billion stimulus plan instead of the $1.2 trillion option presented to Obama by Christina Romer.  Liberals, including Paul Krugman, thought it was too small then and have double-downed on that opinion since.  (Alas, no high speed rail or modern-day WPA program for them.)

A timeline for the financial crisis

January 4, 2010

Responding to Ben Bernanke’s defense of Fed interest rate policy, my pal Barry Ritholtz lays out a crisis timeline (the only thing missing is various US housing policy initiatives):

How does the U.S. economic recovery compare to past ones?

January 4, 2010

This handy chart comes courtesy of David Rosenberg of Gluskin Sheff:

recovery010410

Black swans, good and bad, for 2010

January 4, 2010

A classic predictions piece from economic analyst Ed Yardeni crosses my desk. First, excerpts from his bullish Black Swans (70 percent probability, he says):