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36091 how stox drop could slam econ -- rank: 1000

[bounced again] Date: Mon, 7 Feb 2000 16:18:51 -0500 (EST) From: Rakesh Bhandari <bhandari at phoenix.Princeton.EDU> Abreast of the Market How a Drop in Stocks Could Slam the Economy By Greg Ip 02/07/2000 The Wall Street Journal Page C1 Investors usually thank the remarkable economic boom, which last week became the longest in U.S. history, for making the bull market in stocks possible.But maybe it is the economy that should be thanking the bull market instead. In a reversal of how most in ...

Document Size:	12570
Author:	Doug Henwood
Date:	Mon Feb 7 13:28:22 PST 2000

36092 system smashing -- rank: 1000

[another taboo-inspired bounce; reformatted for readability with ungarbleit!] Date: Mon, 07 Feb 2000 14:49:05 -0500 From: Chuck0 <chuck at tao.ca> -------- Original Message -------- Subject: [mayday2k] Smashing the system at Seattle and Davos Date: Mon, 07 Feb 2000 20:00:09 +0100 From: P.Treanor at zap.A2000.nl From: P.Treanor at zap.A2000.nl You probably saw the pictures of the global elite meeting at Davos, protected by Swiss riot police (and the Swiss Army). New: this time the global el ...

Document Size:	7878
Author:	Doug Henwood
Date:	Mon Feb 7 12:52:08 PST 2000

36093 Eisner -- rank: 1000

Jordan Hayes wrote: >If the sun rises in the morning, why do you have to know why? Because I want to know the structure of the universe. Don't you? Doug

Document Size:	4372
Author:	Doug Henwood
Date:	Mon Feb 7 12:49:40 PST 2000

36094 The Psychoses (was Re: ...muck...) -- rank: 1000

Carrol Cox wrote: >By no means. The adjective applies to a common symptom shared >by a number of conditions which have quite different nature. Would >you want to group together all illnesses characterized by fever. >That is *exactly* what you are doing if you use the term "psychosis" >as the name of an illness. You name innumerable mental condtions >that are unrelated in structure and in cause. Did you read the DSM passage? Generally, the common feature of psychoses - ...

Document Size:	5850
Author:	Doug Henwood
Date:	Mon Feb 7 11:32:52 PST 2000

36095 Taylor rule -- rank: 1000

Today's WSJ has a piece on the Taylor rule (see below). Dismal.com has a Taylor rule calculator at <http://www.dismal.com/toolbox/taylor.stm>. If you think the "natural" rate of unemployment is 3.0% and have a target inflation rate of 3.0% (they won't let you go any higher!), then the Federal funds rate should be 0.4%, instead of 5.75%. Let 'er rip, Alan! Doug

Document Size:	4835
Author:	Doug Henwood
Date:	Mon Feb 7 11:27:22 PST 2000

36096 the other Kissenger on public executions -- rank: 1000

Michael Pugliese wrote: >One last point on Stalinist and Maoist positions on homosexuality, years >ago from Elizabeth "Betita" Martinez, a writer for "Z", she told me that the >Sandero Luminoso, had killed >lesbians in Peru. But what's their position on butterflies? Doug

Document Size:	4821
Author:	Doug Henwood
Date:	Mon Feb 7 11:16:25 PST 2000

36097 Eisner -- rank: 1000

Seth Ackerman wrote: >Gretchen Morgenson's explanation in the NY Times yesterday was that >an inverted yield curve reduces banks' incentive to lend, since they borrow >short and lend long. But how much investment is financed by banks, anyway? More than is financed by bonds or stocks, for sure - especially working capital and inventory investment. But U.S. banks don't lend *that* long - no more than 3-5 years, not 30. Doug

Document Size:	4675
Author:	Doug Henwood
Date:	Mon Feb 7 10:47:06 PST 2000

36098 RCP -- rank: 1000

[another] Date: Mon, 7 Feb 2000 13:26:55 -0500 (EST) From: bhandari at mmp.Princeton.EDU (Rakesh Bhandari) Isn't it possible that the RCP has monopolized the defense of Mumia because their leadership has alienated most other allies? Mumia's isolation may be partly due to his association with the disturbed figures who at rallies pass out (or mouth quotes from) the Silver Book by Chairman Bob whose celebration of the dictatorship of the proletariat as the realisation of anti democracy is deeply cr ...

Document Size:	4883
Author:	Doug Henwood
Date:	Mon Feb 7 10:41:12 PST 2000

36099 Anyone heard the rumours? -- rank: 1000

DANIEL.DAVIES at flemings.com wrote: >Heads-up, folks. I am told by those who might know that a big institution >has taken a very big bath indeed on interest rate derivative positions, as >a result of the Treasury's sucking up the supply of 30-year bonds and >causing an inverted curve between 10 and 30 years. The names of Deutsche, >Warburgs and Bank of America have been floated around on Friday and today, >with Deutsche now denying everything and B of A looking like they mig ...

Document Size:	5462
Author:	Doug Henwood
Date:	Mon Feb 7 10:42:13 PST 2000

36100 Eisner -- rank: 1000

[another address oddity - Rakesh, did your address change?] Date: Mon, 7 Feb 2000 13:15:48 -0500 (EST) From: bhandari at mmp.Princeton.EDU (Rakesh Bhandari) > >[mbs] Eisner's understanding of public investment is >perfectly standard, as far as neo-classical econ goes. >One of his contributions was the "Total System of >Income Accounts (TSIA)," which laid out how to define and >measure much that is left out of GDP but goes to a >broader concept of economic welfare. ...

Document Size:	5256
Author:	Doug Henwood
Date:	Mon Feb 7 10:40:28 PST 2000

36101 Fwd: currency arbitrage -- rank: 1000

[one gets the strangest emails sometimes...] Good morning, I am searching the internet to learn about currency arbitrage and found the your message on a search engine. Would you be able to tell me more on how to learn about and execute currency arbitrage? Thankyou very much for your time, [X] Jesus saves.

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Author:	Doug Henwood
Date:	Mon Feb 7 10:35:09 PST 2000

36102 Eisner -- rank: 1000

Max Sawicky wrote: >[mbs] The Fed is certainly at war w/debt reduction >if they jack up the short rates while debt goes >down, giving rise to the fabled inverted yield >curve. I've never read or heard a definitive explanation of why an inverted yield curve is a reliable predictor of slowdown and/or recession, though it is; it's a much better forecasting tool than, say, the stock market. But one reason may be that the long rate is closer to the long-term "equilibrium" or &qu ...

Document Size:	5196
Author:	Doug Henwood
Date:	Mon Feb 7 10:33:07 PST 2000

36103 The Psychoses (was Re: ...muck...) -- rank: 1000

Miles Jackson wrote: >Just a note on this: nobody has "psychoses" anymore. It's not in the >DSM-IV No, but there's a whole section in DSM-IV (i.e., the fourth edition of the American Psychiatric Association's Diagnostic and Statistical Manual) on "psychotic disorders." Are we splitting hairs over the difference between "psychoses" and "psychotic disorders"? Doug [chapter intro from DSM-IV] >Schizophrenia and Other Psychotic Disorders > >The ...

Document Size:	7865
Author:	Doug Henwood
Date:	Mon Feb 7 10:20:58 PST 2000

36104 Eisner -- rank: 1000

[bounced bec of an address oddity] Date: Mon, 7 Feb 2000 11:13:58 -0500 (EST) From: bhandari at mmp.Princeton.EDU (Rakesh Bhandari) The late Robert Eisner seems to be one of the towering figures of post keynesian economics along with Hymann Minsky, Paul Davidson, Robert Pollin and a few younger scholars. On Max's recommendation, I found myself reading Eisner's *The Misuderstood Economy: What Counts and how to Count It* Harvard Business School Press, 1995. It is written for the non economist, an ...

Document Size:	10292
Author:	Doug Henwood
Date:	Mon Feb 7 08:40:50 PST 2000

36105 New Figures on Civilian Deaths in Kosovo War -- rank: 1000

From: Human Rights Watch <hrwatchnyc at igc.org> Date: Mon, 07 Feb 2000 07:00:03 -0800 NEW FIGURES ON CIVILIAN DEATHS IN KOSOVO WAR (Washington, February 7, 2000)óAbout five hundred civilians died in ninety separate incidents as a result of NATO bombing in Yugoslavia last year, Human Rights Watch said in a new report released today. The Human Rights Watch estimate of the number of incidents is far higher than what the U.S. Defense Department and other NATO governments have admitted. But th ...

Document Size:	10000
Author:	Doug Henwood
Date:	Mon Feb 7 08:15:11 PST 2000