Friday, October 31, 2008

Greg Mankiw's Blog: Happy Halloween!

Greg Mankiw's Blog: Happy Halloween!






Happy Halloween my ass!
Knocking knocking Genie, she carries her pansy plate went down dungeon and
Yelling at the Gate of burning ‘where is my candy Magus ?
I want my Happy Halloween!!
Hillbilly Magus stirring a wheel in his black oven, the last process of roasting for Halloween panacea and ignored her sweetness. Happy Halloween is your ass! He Rambles on.
Genie here Magus! Open the door! She is keep banging the gate,
O that is you come my lovely, want some candies? Finally he opens a gate.
He is adding his recipes in his oven while is stirring delicate sweet sour salty yummy poisonous nasty syrup-candy to Halloween for children, whoever eats this candy, will end up with temperament of my recipes! They will be all evil! He smiled evilly with cool satisfaction.
Please give me some candies? Genie opens her pansy mouth
Magus drops a candy in her mouth “bboiling..g!
And rest of candies put her backpack to the world children and saying
Off you go, to the world for a devil’s advocator!

Greg Mankiw's Blog: The Pigou Club: Canadian Division

Greg Mankiw's Blog: The Pigou Club: Canadian Division

Dear darling messes
Hello arhsoles policy markers this letter contain contiguous diseased tongue –d’evil’s verbal deliria, we are all possessed mental which spread around world overthrow our enemy; if you love us we kiss your lips with hot blessed tenderness and send you heaven and if you don’t love us we lock you up our dungeon – so this is ultimate.

Loves and Kisses

Singed
Wacko Evils

Postal Address
666 Dungeon
City of Titan
Republic of Hell

Greg Mankiw's Blog: Get Ready for Deflation

Greg Mankiw's Blog: Get Ready for Deflation

Genie, the salve know-it-all and Ben, the master slave-driver

Ben: Genie you are the wheeler-dealer little cherub, how to fix this knobs and snobs capitalist problems ?
Genie: Well Okey! You have to kick start their ass, say follow!
Ben: OKey?
Genie: Beat their heads, SPEND! SPEND! SPEND!
Ben: But they have been told all their life “Saving! Saving! Saving! It is the virtue spending is evil!”
Genie: Evil only can save the world!

Greg Mankiw's Blog: How to Rework Bad Mortgages

Greg Mankiw's Blog: How to Rework Bad Mortgages

we propose legislation that moves the reworking function from the paralyzed master servicers and transfers it to community-based, government-appointed trustees. These trustees would be given no information about which securities are derived from which mortgages, or how those securities would be affected by the reworking and foreclosure decisions they make. Instead of worrying about which securities might be harmed, the blind trustees would consider, loan by loan, whether a reworking would bring in more money than a foreclosure.

The government expense would be limited to paying for the trustees — no small amount of money, but much cheaper than first paying off the security holders by buying out the loans, which would then have to be reworked anyway. Our plan would also be far more efficient than having judges attempt this role. The trustees would be hired from the ranks of community bankers, and thus have the expertise the judiciary lacks.

It is not simple solution. In ordinary business transactions, contract always can be discharge or release by mutual agreement and enter into another with simple agreement by understanding both parties. That happens all the time in daily business transition, without this simple agreement and understanding, it would be impossible doing business and promoting its efficacy. What is going around and what is come around. it is true that we promote win win, not loss loss. So all of sudden my house prices up 500% while I pay same amount fixed mortgage and with nominal rate, make me better off 500%, wow luck me I keep all the money, it is nothing to do with the bank but I am the smart one I say! But if my house has gone down 50% its original value but I still pay same amount of mortgagee then my blood boiling eyeballs lighting fire, twist around looking for fairness, curse on the bank, saying that arsohole bank why can’t they bit of nice? and ask for someone responsible for my loss and my sharply manicured fingers turn into shape vulture clews on computer key board, tapping into every blogs around traps just pestering everyone for listen my loss and start blaming policy markers, economists, sky and rivers their professional wrong doings…. Are they fair? Asking question and challenges! Ha ha bit smile as is is bit hard topic to deal with just business way Ok! In here sometime “mortgage sale” real estate is much cheaper then normal sale I must say, mortgagees want to get rid of these properties quick as possible, because they want their money back, it is bit heartless but no one arguing about in this situation. Question? Where is the all government bottomless funding coming from? So politically manipulate?

Wednesday, October 29, 2008

Greg Mankiw's Blog: Cutler & Mankiw

Greg Mankiw's Blog: Cutler & Mankiw

**Today**

Wednesday, Oct 29, 4 to 5:30 pm.
Science Center Hall A.

All are welcome

All welcome drinking party of expression of life, the great life itself on the chopping board with reformers and offenders! It is might ethical demand for the public beyond pure personal preference enjoyment! Slouchy hammer oxen swords bare arms and hands spears sabers cudgels nice glass of cabernet sauvignon chocolate rich ripple zesty texturally fight

Update how to fight: I have been thinking, the fight should be like vulgar vindictive wild primitive violent cruel, I am the best expert all of this, I think profs never have been fighting like bastardy, let alone they don’t know how to swear? Have they ever used the word of “fucking” I don’t think so! I am sure of it, anyway they should fight like real scumbags mafia gangs overthrown two candidates renowned their savage butchery style

Greg Mankiw's Blog: Two Questions for SAM

Greg Mankiw's Blog: Two Questions for SAM

For example, a homeowner unable to support payments on a house purchased for $200,000 that today is worth only $150,000 might be offered a write-down of up to $50,000. But this would not be a free lunch.

With the SAM, once the value began appreciating above $150,000, the mortgage holders would be due their share. The details of the write down and the appreciation sharing could be tailored to different circumstances. But one way to give lenders a share of the upside would be to pay back some of the write down if the house is later sold.

Then he is asking to the authors:

I can see the attraction of these ideas, but I have two questions:

1. Would a law giving homeowners the right to write down their mortgages in exchange for equity attract so many homeowners that financial institutions would suffer even bigger hits than they already have? As these authors note, foreclosure is unpleasant for everyone. But because it is so unpleasant, some homeowners who are underwater on their mortgages keep paying them anyway. If we give them a better alternative, why would they?
2. If Congress were to pass a law allowing homeowners to rewrite their mortgage contracts, and lenders suffered losses as a result, what would the constitutional implications be? The fifth amendment says "nor shall private property be taken for public use, without just compensation." Could lenders get "just compensation" for losses that resulted because Congress crammed down an equity-for-debt swap? If so, would this be the best use of taxpayer funds?

Property ownership, means freedom, indefeasible right of personal ownership, especially home, people thinking about not only their generation to live and but also their children’. That is why economy is must right to solve this kind of problems, with its prosperity there would be no heartbrokenness like this. So especially economists who know all of this, have obligation to act and let public know unbiased way if they can. Why people bit nice to each other? Power yes people blinded by power, as economists, can imagine not only America but whole civilizations going to backward if world biggest economy elect a president who is promoting protectionism.

Update: I saw his spelling mistake before he correct nice to know he actully can...

Tuesday, October 28, 2008

Greg Mankiw's Blog: A View from India

Greg Mankiw's Blog: A View from India

McCain is one of the few American politicians in either party with the courage and conviction to stand up to protectionist populism. By contrast, Obama embodies protectionism....

McCain has voted 88% of the time against bills creating trade barriers, and 90% of the time against export subsidies for US producers. Few other senators have such a splendid record.

Obama has served a much shorter time in the Senate, and avoided voting on many key issues. He has voted against trade barriers only 36% of the time. He supported export subsidies on the two occasions on which he voted, a 100% protectionist record in this regard.

In 2007, he voted to reduce visas issued to foreign workers (such as Indian software engineers), and to ban Mexican trucks on US roads. He sometimes voted for free trade - he supported the Oman Free Trade Act and a bill on miscellaneous tariff reductions and trade preference extensions. More often he voted for protectionist measures including 100% scanning of imported containers (which would make imports slower and costlier), and emergency farm spending.

In 2005 he voted to impose sanctions on China for currency manipulation, and against the Central American Free Trade Agreement (CAFTA). He voted for the Byrd amendment, a disgraceful bill (later struck down by the WTO) that gifted anti-dumping duties to US producers who complained, thus making complaining more profitable than competitive production.

Obama says the North American Free Trade agreement is a bad one, and must be renegotiated. He has opposed the US-Colombia Free Trade Agreement on the bogus ground that Colombia is not protecting its trade union leaders from the drug mafia. In fact, such assassinations have fallen steadily from 205 in 2001 to just 25 last year. Obama is cynically twisting facts to woo the most protectionist US trade unions. This cannot but worry India, which may also be subjected to bogus slander and trade disadvantages.

By contrast, McCain has consistently voted for open trade. He has opposed federal curbs as well as private curbs on outsourcing to countries like India. He opposed the disgraceful Byrd amendment on anti-dumping duties. He voted against farm subsidies and labour standards for imports (which are not necessarily bad but could become a disguised form of protectionism).

Unlike Obama, McCain voted against imposing trade sanctions on China for supposedly undervaluing its currency to keep exports booming and accumulate large forex reserves. India has followed a similar policy, though with less export success than China. But if indeed India achieves big success in the future, it could be similarly targeted by US legislators and, will need people like McCain to resist.

Obama favours extensive subsidies for US farmers, hitting Third World exporters like India. This has been one of the issues on which the Doha Round of WTO is gridlocked. McCain could open the gridlock, Obama will strengthen it.

Obama also favours subsidies for converting maize to ethanol. The massive diversion of maize from food to ethanol has sent global food and fertiliser prices skyrocketing, hitting countries like India. But McCain has always opposed subsidies for both US agriculture and ethanol. While campaigning, he had the courage to oppose such subsidies even in Iowa, an agricultural state he badly needs to win if he is to become president.

Then he says
If any of my economist friends who are working for Obama wants to defend his positions on ethanol subsidies, tariffs on Chinese goods, the Byrd amendment, etc., shoot me an email, and I will gladly post it for my blog readers. But I am not holding my breath.

Great, no one dare to be challenged the article. This is a sign of decency still hangover most American economists, but then why Obama choose protectionism as his political singsong? This mean for sure surly USA economy stuffed if Obama elected as a president as both houses controlled by Democrat. Why American people can’t see this? -I think people should stuck into his blog and then within few months you can become pure no-manner specimen and arbitrarily self established yourself know-it-all like me! -Then McCain also much to blame for not crossing his message to the public. Anyway I don’t need to attack anyone with my full blown hot hammer, because his economist friend are cool I think, that is why they called themselves “economists” they wouldn’t let their country go backward like Nth Korea surely. Here is a cool article about Protectionism.and Wikipedia also has a nice article Protectionism

Update: I would like to highlight this year Nobel laureate of economic Paul Krugman’s belief which is in Wikepidia:
Economist and trade theorist Paul Krugman once stated that, "If there were an Economist’s Creed, it would surely contain the affirmations 'I believe in the Principle of Comparative Advantage' and 'I believe in Free Trade'

Greg Mankiw's Blog: A Tax Calculator

Greg Mankiw's Blog: A Tax Calculator

Gosh he plugged on his depository number to everyone can see how robustness his bottomline! Well everyone gets already message as he is ramming down everyone’s throat how he is caring loving and full of happiness, his life is content full of gist, he only want to live 35 years more that is all, so he already ordered his marginal $ for plots of land for two and a marble tombstone engraved words: I am happy lucky go guy sleeping in here, please don’t tax my marginal time in here OK? So happy so that his skeleton can not close his mouth need a big plugged zip. Everyone can see and feel his jolly joy. He shamelessly show off his marvel sheer man of happiness of his bottom-line. Well he takes too many “you-know-what” as “got the point” where his bottomeline can’t help itself but stray(hurra!y) that make sooo more content his life so could anyone help him tune off his vigorous bottomline?

Monday, October 27, 2008

Greg Mankiw's Blog: The McCain Health Plan

Greg Mankiw's Blog: The McCain Health Plan



Finally, the credit has important implications for the nation's finances down the road. This is perhaps the most important aspect of the proposal.

There is an enormous unfunded liability associated with the major entitlement programs of Social Security, Medicare and Medicaid. If left unchecked, the growth in these programs will nearly double the size of the federal government by 2040, consuming roughly 40% of the nation's output rather than the 20% today. While the growth in Social Security is largely the result of demographics, the growth in Medicare and Medicaid is also driven by the rapid growth in health-care spending. This is where a proposal like Sen. McCain's can be so important.

I don’t know much this complex important issue, for me learning. But I wonder how many people cares about after their life! how many people actually cares about their children and their grandchildren time after their death. but people in the position who make policy shouldn’t be a quintessential middle man who only takes transitory – careless the cost and foundation of the civilization that might lead to collapse whole but we are smart species who knows we might discover something make human species diseasesless – never die O man that would be disaster! that mean stop the evolution?

Greg Mankiw's Blog: The Best Book Promo of All Time

Greg Mankiw's Blog: The Best Book Promo of All Time: "can't hold a candle"

As the subprime mortgage and credit disasters continue to wreak havoc on world economies and pocketbooks, many are looking to Federal Reserve Chair Ben Bernanke for guidance and leadership in this tumultuous time. Fortunately, our Fed chief is one of the pre-eminent scholars of the Great Depression. Because of the market turmoil, Bernanke's treatment of the Great Depression has been finding a new audience of readers as media, policymakers, businessmen, professionals, and others--both in the US and abroad--seek to understand our present economic situation.

I saw his extraordinary soul searching face during the senate hearing(?), that face made me thinking that actually I can trust him – you see “face value” we call it, it is not my sympathy his monkish wretched face but rather I am not sure what it was but something thwack my mind that this anguish face takes all the weight of the problems, to save this current fiasco. When a crisis like this we all want to something or someone gives us the clinging-able rope that has essential power faith make us believed that this will be over soon! Bit of romantic notion time like this; dealing with harsh reality and same time flee from it, is economic romantic then? I don’t know if he were an author of the Dow 36,000? Probably he can do bit of a devil work -spread around rumor that people buying up a huge stock – the market is very much perceptive I think ? Of course he knows but pretend he doesn’t.

Greg Mankiw's Blog: The Latest from Larry

Greg Mankiw's Blog: The Latest from Larry

The Beethoven - Here is a conductor is standing the pendulum ready to conduct a huge orchestra, called Beethoven - the Policy symphony; he is master of genius, his name only made us warbles our knee down to floor kiss his bean sprouts scores lick his dead lips with hunger kiss his raged face with great tenderness, with erotica the danger, let this great devil shake and embezzles my soul utterly with his charming crafty hands yes he is the Beethoven --- anyway a conductor who execute the devil’s work, swap his baton 666/666 over clarinet move over flutes oboes warp over all woodwinds and brass and all of string section percussion and all orchestra here he goes full swing his tempo. I suppose people in government bit of like instrumentalist is execute the devil work, years trained by doggerel practices to know all sort of pieces so that they can play whatever piece comes by they have to perform a little practices, nevertheless they still make mistake well trained audience ears. Same token the conductor his solid knowledge and experiences commend the orchestra with is keenly perceptive years of ears motion. As good performance; that enraptured excited the audience to the beyond Yandi common. Inner desire, soul of life counter balance symbols signs, stand outside above our time, go beyond greatest more comprehensive work. Great work also must great interpretation, implementation, if the great pieces badly execute by bad performance that would be useless. Then how policy markers craft policies like the great devil like Beethovens’ mastery work can be timeless masterpiece. That would be hard jobs, found another Beethoven is hard job too. Only one in few hundreds years!? Only time will tell whether s/his work still make people’ knee-warble soul-high? I am not sure what sort of personality is the policy wonkers; heartless barstard under ground drug baron? Or monk like with compassion so able to go beyond because he detached? but they have to both, bi-polar hero I think – when we listen Beethoven we know that he is loving compassionate raged a great bastard who gives us lofty elation despair, feel something higher able to search something that nourishes our soul. Are we asking too much about policy makers should do their job like the Beethoven’s’ mastery? Probably not

Sunday, October 26, 2008

Greg Mankiw's Blog: My Personal Work Incentives

Greg Mankiw's Blog: My Personal Work Incentives
Nice to see least some people happy content their life, yes happiness is state of mind. Little flowers roadside silence insect twitting and children plays. You don’t need much to make you happy then why some people suffer? What make people suffer? Why can we all happy with a house with few cars and nice family? Perhaps many people happy and content, yes I have seen many people seem to happy like that. Why some people crave more then that? What make some people so difference species and out of touch from their own normality? Like a farmer happiness without drought during the season and nice harvest make him happy, hungry baby well feed make the baby happy, simple things make people happy. But why then some people have these still not happy? I don’t think these people unhappiness is not because s/he can’t have Ferrari or Armani at all, other sources, these can’t switch that side themselves off easily that is where they feel and see things difference then they can’t live as if nothing happens around you. anyway if I were American I vote for whoever give me better off, the problems is how normal people, majority of voters probably not much knowledge of the complex of the whole thing understand; marginal tax kind of thing, unbelievably tangled whole thing if you pay less tax where is your healthcare then, Aha here it is economic basic, which candidate has the best ability to manage distribute scarcity of resources and satisfied people boundless want. Do you think is this too broad? Ok leave here, I think someday he might say how many time he making love per week in his blog! By the way professors make love with their brains or…? hehee

Update: Actually reading the chart, it is a great difference, it is future matters if I were Americans I should not ignored it, McCain’s far superior. Why then what went so wrong this couldn’t be articulated first place why can this message across to the public. For example among other corporate tax is so important to economy growth, give business incentive reinvestment, Obama promise so many promises which heavily relay on the coffer therefore lots of hidden tax burden to individual as well as business. but then how many people vote for their economic policy, most people vote for the candidate himself. Most of women don’t like other man’s wife who is wealthier or smarter or younger, woman’s jealousies, they are generally bitches that is why I am avoiding women in social settings if I can. Alan says I am not a good liar people can see my boiling face with emotion. I used to feel their hidden vultures pray, just tune into their ugliness, I also met nice women but then they are exceptional women in their own right.

Update Sorry: Deadly sorry my careless grammar I try bit harder OK –do you think ever I get over grammar problems? YES I WILL YOU KNOW WHEN!!!

Update Another: After I read few articles about MaCain, I think he is a great man, he was a hero still a hero for many American, like him who give their blood for their country, it is noble that is how I see, not many people have the courage. So I would dare to say my opinion in here. He should tag on his forehead saying that “I am not a Bush I am the McCain, when I was young I give my blood to this great nation I will give my blood again if you give me the chance!” clear loud boldly saying to the public, well I think he should remember who he was who he is who he will be, if he remember when he was in a solitude cage for many years he can move mountain surly, nothing to loose!

Saturday, October 25, 2008

Greg Mankiw's Blog: Depression Redux?

Greg Mankiw's Blog: Depression Redux?

According to the economic historian Christina D. Romer, a professor at the University of California, Berkeley, the great volatility of stock prices at the time also increased consumers’ feelings of uncertainty, inducing them to put off purchases until the uncertainty was resolved. Spending on consumer durable goods like autos dropped precipitously in 1930.

Next came a series of bank panics. From 1930 to 1933, more than 9,000 banks were shuttered, imposing losses on depositors and shareholders of about $2.5 billion. As a share of the economy, that would be the equivalent of $340 billion today.

The banking panics put downward pressure on economic activity in two ways. First, they put fear into the hearts of depositors. Many people concluded that cash in their mattresses was wiser than accounts at local banks.

As they withdrew their funds, the banking system’s normal lending and money creation went into reverse. The money supply collapsed, resulting in a 24 percent drop in the consumer price index from 1929 to 1933. This deflation pushed up the real burden of households’ debts.

Second, the disappearance of so many banks made credit hard to come by. Small businesses often rely on established relationships with local bankers when they need loans, either to tide them over in tough times or for business expansion. With so many of those relationships interrupted at the same time, the economy’s ability to channel financial resources toward their best use was seriously impaired.

Together, these forces proved cataclysmic. Unemployment, which had been 3 percent in 1929, rose to 25 percent in 1933. Even during the worst recession since then, in 1982, the United States economy did not experience half that level of unemployment.
...

LOOKING back at these events, it’s hard to avoid seeing parallels to the current situation. Today, as then, uncertainty has consumers spooked. By some measures, stock market volatility in recent days has reached levels not seen since the 1930s. With volatility spiking, the University of Michigan’s survey reading of consumer sentiment has been plunging.

Deflation across the economy is not a problem (yet), but deflation in the housing market is the source of many of our present difficulties. With so many homeowners owing more on their mortgages than their houses are worth, default is an unfortunate but often rational choice. Widespread foreclosures, however, only perpetuate the downward spiral of housing prices, further defaults and additional losses at financial institutions.

The Fed and the Treasury Department, intent on avoiding the early policy inaction that let the Depression unfold, have been working hard to keep credit flowing. But the financial situation they face is, arguably, more difficult than that of the 1930s. Then, the problem was largely a crisis of confidence and a shortage of liquidity. Today, the problem may be more a shortage of solvency, which is harder to solve.

In 1930s’ People panic, they didn’t spend, bank panic pissed people off put their money under mattress instead in the bank, like my brother did his pocket money some of Indian still do this because they don’t trust bank I am told! Right this instant, while I am typing this- Skype popping out, to want to chat with me has Indian name-funny!! Any way and another thing that bank made hard to credit to business so they couldn’t borrow money from the bank and people lost confidence and not much thing to sell. V Currently, by the way it is still called a “depression” really if they did it deliberately fold out? Also similar features, mortgage is bigger then house value so default and foreclosed. Make it depressed because can’t trust policy, then working hard keep money flow but not enough to pay a debt.
Aha, here is the thing economists are not fortune-tellers, but he is saying “it won’t be a same as the one 1930' but then we shouldn’t believed what he is saying!” Gosh so I say there would be no more depression because I would like to then finish off nicely! But don’t believe what I am saying OK?

Update:I feel-wishfulthinking- that everything ok as one of most beautiful orchid sick last few week, as I couldn’t understand why, considering everything what I have don right, just been bit sick, I thought well if you want to die that is ok which make me very sad but that is what you want go for, then middle of night around 2am, I don’t know why but I pulled its root out from the pot, here I found a little plastic container attached underneath and water remain there, soil couldn’t drain out, because of the thick piece of cloth warp around the pot that is why I couldn’t see the container which I put it there for sometime ago and forget. Within less then few hours it is recovering, great that is my little orchid I might have flowers too soon! wouldn’t nice if economy survival like that!

Greg Mankiw's Blog: Obama vs His Advisers

Greg Mankiw's Blog: Obama vs His Advisers

Empire of honesty is in a slaughterhouse, all lairs lined up ready to shoved through their heads into the final stage

Greg Mankiw's Blog: Finally Revealed: The Source of the Crisis#links

Greg Mankiw's Blog: Finally Revealed: The Source of the Crisis#links


$16.00 bad check is the altar of the slandering economy? I can’t believed it I think he might misleading? But then lots of thing can be source of any crisis. Butterfly effect. So overwhelming power unseen power. I am not sure what exactly it is, but most amazing, all of sudden the economy has been straight punch KO on the ground brushed with purple blue yellow swollen eyeballs. So its view space yellow light yellow dizzy so it lost sense of direction, doen’t feel which is south north east and west, lay there wishful thinking the world should end just right there but has to stand up now! better stand up now OK? just bit painful but must stand up and from there you can fight OK? I am asking nicely

Friday, October 24, 2008

Greg Mankiw's Blog: Cutler & Mankiw

Greg Mankiw's Blog: Cutler & Mankiw


Cutler and Mankiw: Grand Chitty Chitty Bang Bang


Cutler: My sweet goody girl economic! She is bit of hard time! What a day another downfall, she will be jump up my hurray knee wooly dooly soon! Any nice girl they do as always!

Mankiw: This is a vile little girl economic! She is a wicked, any one bad as she is at the moment, she is rollerblading her ass at monument with her trousseaus, What do you think they do this nasty bitch?

Cutler: Well I can’t see how the candidates will do anything a such loving kind natured girl who has happen felling in hard time at the moment, given her time she will be bounce her little ass up and twiddle waddle full swing again, I am for sure!

Mankiw: Great, a such optimistic! well this is hard one we talking about not a normal one we had her time to time in the past, this time she is wily dilly willful, shave her head tag on her neck “:vile traitor ” and to whip her ass put her dark dungeon cage so that she will be in her knee crawl then she will be surrender, she will say “ I will do everything what you say I want to see the sun” that way we can control over her black vile.

Greg Mankiw's Blog: Forgive me, Father, for I have sinned

Greg Mankiw's Blog: Forgive me, Father, for I have sinned

Ha ha every economists could be caught this probably! But why confession? Would like to know what their wrong doings perhaps! it is a great confessional work for oneself become a sinless! People who do confession reasonably good guys still. But all the real badies who don’t know even whether his wrong doing name of teaching for couching whatever that is where problems begins. Anyway, violate your guideline, I know an evil, I found out how evil he was, set a rat trap for rats who gets good grade from unknown institutions -that is where he belongs- his target them recruiting his religion which is catholic, I think catholic or any organized religion has this kind strategy for their sustainability. Others, wealthy are even more desirable for a organization under name of study aesthetics etc… his downfall will be horrifying surly. Some people really stupid enough entrap by love bombing. There is many many cases in law where mostly women victim donated all their asset often very well off and single or windows and later they realized their situation and sue church for return their asset. So please don’t use “Father” as a confessor! Some of them are not only suck up your money but also suck up your heart and soul make you soulless zombie!

Greg Mankiw's Blog: May you live in interesting times

Greg Mankiw's Blog: May you live in interesting times





  • Adjusted Monetary Base

  • May you live in interesting times - Blessing!
  • Greg Mankiw's Blog: Monetary Policy to the Rescue

    Greg Mankiw's Blog: Monetary Policy to the Rescue

    We need a hero
    A fucking manic hero
    Crazy enough tumbles into leaches’ land
    Let them suck his blood for death men’ honors
    His brotherly kind his honor for rest
    He comes with empire inflame black and white
    Where he stands all madcap heroes
    Torrid madhouses thieves whores blunders
    All comes to the indistinguishable street of Wall
    We need a hero
    We need a hero
    Crazy enough walk on the fire
    Burning his inflame soul
    Here he comes
    Ben, The crazy hero

    Thursday, October 23, 2008

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    O man, where should we normal people stand for this tangle mingle fixation, want a hard ground so not wobble gobble and from there I would like to shake if I can so that I can come up again if anything wrong, but it is hard to define to anything at all. How could normal people understand all these? All giant brains worked out their knower’s year years. I think when people would like to labeled themselves complex of something they are deadly stupid when you read these. All these policy redeemers finical hustlers ivory tower matrix honkers clustered the systematic continuum near NON- pole government. I love Parsifal when listening; harshness and softly erotic sensual all over you… a monk and a whore kind of theme ( I can’t remember what opera it is?)

    Greg Mankiw's Blog: Rawls vs Nozick: A Tie

    Greg Mankiw's Blog: Rawls vs Nozick: A Tie

    A desert watering hole is for everyone share, but a medico discovers a cure can be a monopoly ownership. I agree. The ownership is powerful emotional jezebel. It is freedom, you can trade everything it gives you immense personal power and motivation. My ice cream I don’t want to share with you why would I? For haven sake. But in a circumstance I might. In my village we used to share lots of things, the clan system provide certain shelter for where no fat social welfare handout. That was why children were essential for. Been thinking politics all about creating allure. 18-25 years single young people no-worry much different outlook then 40+ with children. If I can not see my sunset that would be devastating blow I wouldn’t barter anything, but also I am fucking pissed off when I see women bashed up by their men had full blown faces torn bodies color like my palette then I might trade off my sunset for my rage with my palette knife. I would like to know exactly who is my ice cream eater. If the ice cream eater need my ice cream then I don’t mine at all. but then this is my personal view, I respect other people opinion as long as it is not my expenses, then I go for again my rage, gosh endless…

    Wednesday, October 22, 2008

    Greg Mankiw's Blog: Young Voters, Get Mad

    Greg Mankiw's Blog: Young Voters, Get Mad

    I saw people who called themselves “change agent” they are in fact not an agent of change but a staunch defender of the status quo. Simply they don’t have innate will or courage to change. It is misleading, how could you change things you don’t change yourself or don’t feel or you don’t have your own will to the wisdom. Mr Mandela, is a great change agent I think, I am not saying everyone goes through years hardships like him. His wisdom years solitary confinement hardship made him above everything, able to see things which normal people can’t see, made him a selfless courageous so he was not afraid of about anything at all.

    Yes, because you are a young so you must pay for my keep! I am the sacker! Older saying
    Well why should I be the sackee? paying for your keep? Young saying

    Greg Mankiw's Blog: Wage = Value of the Marginal Product

    Greg Mankiw's Blog: Wage = Value of the Marginal Product

    Gee nice pay football couches! How long they need to train for? Probably same years as professors? How many foot ball couch jobs around world? That is question.

    Greg Mankiw's Blog: McCain's Last Chance

    Greg Mankiw's Blog: McCain's Last Chance
    First, Mr McCain should point out that his opponent is one of the least business-friendly Democratic candidates in a generation. The great Calvin Coolidge once said that “the business of America is business.” For Mr Obama the business of America seems to be anything but. His experience of it is limited to spending a year working for Business International, a consultancy firm subsequently bought by The Economist Group. But he quickly abandoned the commercial world because he wanted to do something nobler. Since then his experience has been limited to the world of non-profits, law firms, universities and politics.

    More significant, though, is that Mr Obama has always been particularly close to two groups that are the bane of most businesspeople’s lives—lawyers and trade unionists. Both Mr and Mrs Obama are lawyers. In a speech to a group of trial lawyers on September 23rd Joe Biden, Mr Obama’s running-mate (and yet another lawyer) thanked God that lawyers are “corporate America’s problem” and declared that there are only two groups of people that stand between “us and the barbarians at the gate—you and organised labour”.

    America’s trade unions clearly regard an Obama administration as a golden opportunity to reverse their long-term decline: hence their willingness to spend more than $200m getting him elected. They want to get rid of secret ballots in decisions about unionisation. They also hope to get rid of right-to-work laws (22 states currently have such laws, which prohibit the “closed shop” practice of requiring workers at a particular business to belong to a union).

    Second, Mr McCain should hammer away at the dangers of single-party rule in Washington, DC. The Democrats are likely to add at least another ten seats, and perhaps as many as 20, to their majority in the House. There is a real possibility that they may attain a 60-seat filibuster-proof majority in the Senate (Democrats are leading in eight Senate seats currently held by Republicans and are close in a couple of others; they control 51 of the 100 seats already). This will allow them to push through a wish-list of Democratic proposals on everything from “fair trade” to spending. The Republicans have only just started to point this out.

    But Americans have a strong preference for divided government. America has only had one-party rule (with the same party controlling the White House and both chambers) for six years out of the 28 since Ronald Reagan’s election in 1980—two years under Bill Clinton and four and a bit under George Bush. Mr McCain should argue forcefully that, as an experienced legislator who has worked with left-wing Democrats as well as right-wing Republicans, he will be the perfect man to check Congress where necessary and work with it where desirable.

    Third, Mr McCain should point out that his opponent has never once in his career said boo to a Democratic goose. In Chicago he got on well with everybody, from the local teachers’ unions to the Daley political machine. In the Senate he has voted with his party 97% of the time. He toes the most liberal line on late-term and partial-birth abortion. Even a highly experienced Democratic president with a record of bucking his party would find it hard to tame a large Democratic majority in Congress. A neophyte with a record of going along to get along could find it impossible.

    These are far from watertight arguments. Mr McCain is a military man who married his money rather than made it. Mr Obama bravely took on the Clinton establishment (though he largely did it by pandering to more Democratic interest groups). But this plan of attack does at least have the virtue of appealing to widespread worries about an Obama victory rather than pandering to the foam-flecked fringe. “Vote for me to avoid the Democratic deluge” is not the most inspiring political platform in the world. But it is the only plausible one Mr McCain has left.


    So this economist article saying; if American elect Democrat candidate Obama, American become non-democrat country, then what? Socialist? Full of trade unionist strikes everywhere for their pay rise, better unionist working condition -remember union fee, unions are mercenaries with out guns, no free trade- self sufficiency (Nth Korean for example), autocracy one party rule – goes through every candy for democrat party…! He would be a powerless little hen in a white house cage…?

    What is so big deal about a death of backpacker?

    Why? Do I have to deal with news about a female student death day after day? Presumably she has been killed while she was backpacking around Europe, made headlines around Australian daily for few weeks. I have been thinking what is a big deal, not that I don’t have any sympathy for this carefree, obliviously having good time world traveler, born into privileged middle class lucky country. Her death cerebrated publically what for? Why? Yes perhaps her death to prevent another tragic death that would be worthwhile day after day on headline or from white middle class background? C’mon media fair go; do you know how many young kids are commit suicide around world and in your backyard? Do you know why they have to kill themselves? Do they have any another choice instead killed themselves? Go to see their rollerblade area, they have not many places to go really haven’t they? How many under age girls are victim of world of human trafficking- around world and sold for sex slavery? How many babies are dying for hunger? How many orphan around world? How the Chernobyl disaster after effect human life and so many soulless children with elephant feet, disfigured faces in shackles? Any aboriginal girls or any other ethnic girls been raped and smashed their heads made headline daily for public awareness and public celebration for their tragic life? Or nameless many Australian students all her/his vacation for serving for prevention of HIV in African or ASEAN counties or any other aid organizations around world hardly ever I have seen any news. I have no idea why this privileged world traveler’s death headline daily for weeks and public celebration for her death! Obviously she should have known the danger when she ventured into dark night foreign country drinking bingo and media said she had also a reputation something of easy. It is nothing wrong, enjoy your life when you can, we all would like to do some stage our life – let go – rampage - if we had chance. Australian casual dresser, weather made us naked life but when you are traveling other culture you should respect their culture too. All countries open for their culture with full of proud to the world. Same token they expect world respect their culture too. I had heartfelt experience of profound kindness their warm hospitality most counties I went. I have never felt unsafe even midst of nowhere. But always you have to drew fine line where you can cross or not when deal with other culture. Even if you are experience well prepared for. Never forget that utmost respect their heritage even if you don’t agree. Not many countries privileged safe heaven like Australia. Australian mate-ship and egalitarian, easy going attitude made us not jealously about what other people have but not many counties like ours. The ancient land where she died had atrocity war it was, not long ago, hunger death treacherous wound ingrained deeply in their proud vein, the jealously never underestimate.

    Tuesday, October 21, 2008

    Greg Mankiw's Blog: Found on Facebook

    Greg Mankiw's Blog: Found on Facebook



    Heehe definitely middle life crisis, he needs new toys either human or others as cure for middle life crisis, otherwise he might run off a young chick. Why not – go for it—goodddddd! Do you think he might? That would be shame but what the hell life is short very short! Life is not in ivory tower tucked away and do the elite brain twitting endlessly, go out street, hookers avenue catch gleams of the real burning taste of cheap whores pimps' hustling bustling’ or real real stray. Cure all middle life crisis; wild rampage runway. I think she is very lovely actually, he just smile away -- it is his text book picture -- might be his type nice curvy around men like a curvy woman I have nice red silk dress too vermillion red also very nice red velvet coat no one wears formal now days even very formal gathering I am thinking I am going buy a long red evening gown for my graduation

    Greg Mankiw's Blog: "More Santa Claus than Vito Corleone"

    Greg Mankiw's Blog: "More Santa Claus than Vito Corleone"
    Bank executives may argue that it is necessary for them to maintain dividend payments to support their stock prices and to make further capital-raising possible. This argument is dubious.
    ---
    If the government is unwilling to take this step, then the boards of the banks should take it upon themselves to do the right thing. They may even have a legal obligation to do so, because courts have ruled that directors of financially distressed firms have a fiduciary duty to creditors as well as to shareholders.
    The creditors of the banks include not just those who have already lent them money, but also American taxpayers who put their money on the line by guaranteeing the banks’ debts. From the perspective of this broader set of stakeholders, it is best to end dividend payments until the banks have returned to health.

    Great, so Barbie doll banks with bee sting lips XXXX-lage melon breasts inside is horror so unkiss-ble bottom line banks? That is why unprofitable in the end. The entire augment bee sting make Barbie sick no sex appeal so no one wants to sleep with them.
    --
    I like God Father, very interesting character he is in every one of us. We can be a villain and angel that is why the character is so appealing to us. we all have burning vengeances, want to kill scumbags who take advantage for us. Why everyone cant’ t nice to each other? Why people have to cheat and lie each other? But then this is life yes it is life! I don’t think anyone has one side only, I saw so many scumbags bitches name of religions, their recruitment is very cunning devious, using smart well established methods. Pick right people, often weak so that brainwashed easily—and systemically brainwashed by them name of god, that is how they sustained their systems and justify their own belief, when you get into the system you loses your own will to obey to communal. precisely that reasons some people would like to do that as belongingness is a sense of belongs we all might need it, it is good for the certain extent in that reason and that is ok as long as they try not interfered other none believer but the problems start when they try to recruit newbies who happens to be smarten their own system but religion itself is also human life too.

    Greg Mankiw's Blog: Who pays the income tax?

    Greg Mankiw's Blog: Who pays the income tax?

    Nobody in the end? After many governments, each new government made new policy and put them top of another, it was easy way out. Each new presidential candidate had election promises, they were time fillers, only cares their period of the office, so they didn’t or unable to look at the what the system might looks like 20 or 30 or 50 years after aging. But then so complex to guess what is going to happen? May be or may be not. In any systems change, evolution; extinction and new creation. Future all human babies are born from laboratories. It would be called a “customaries baby factory” catalog order which set out; white yellow or black skin, black green blue eyes with label IQ 180+ WOW baby or GEE baby, grows like bean sprouts, only feed them liquid multi vitamins so they grow grow and harvest after 9 months fertilization. Hee hehe O man what is going happen in human species. No one marry no one breeding no making love so no love no touch touch, they buy babies from supermarket or store or customer order from catalog, gee then government easy to guess how many baby harvest from the factory this year and years after, so the budget set accordingly, subside for baby factories. Do you think someday the world would be one government? Possible very possible, like UN at the moment but has actual governing power - Gee what a life? That is why life is so exciting. Social system – any way so they make new systems put them into top of the old system instead clean old things out first and that is why end up complex and tangled. Gordian Knot need the Excalibur bold strike, then who will be the divine King has the wisdom?

    Monday, October 20, 2008

    Greg Mankiw's Blog: Flashback: Middle-Class Tax Cuts

    Greg Mankiw's Blog: Flashback: Middle-Class Tax Cuts

    O man, election promises are not the promises but a template of theme, tongue kiss with cinnamon syrup for temporally seduction? Gosh you can’t trust anyone, who you vote? No vote? Gosh Americans have bit of problems for voting their presidential candidates just for promises they are making. They might enrolled crush economic fortune telling course to learn fast track of guessing “ what is gone be economic?”

    Greg Mankiw's Blog: The Changing Meaning of "Subprime"

    Greg Mankiw's Blog: The Changing Meaning of "Subprime"

    ‘Subprime’ interesting, changes meaning of word because of thing happen in a new way. Evolution of word. This mean someday within next few hundreds years; “love” mean from “ passionate affection for another person” to “passionate affiliation for oneself only and disregard other person completely”?

    Sunday, October 19, 2008

    Greg Mankiw's Blog: The Best Political Event of the Season#links#links#links#links

    Greg Mankiw's Blog: The Best Political Event of the Season

    Lots of talking laughing, tuxedo bow ties back knifing, irresistible chip on the shoulder, groans adoration teething biting made each others billowy nasty gate lagging shelved non- parallel Shakespearean pageantry

    Greg Mankiw's Blog: The Pigou Club's Next Target

    Greg Mankiw's Blog: The Pigou Club's Next Target

    Bee sting duck’s mouth is a squeal of happiness!

    Saturday, October 18, 2008

    Greg Mankiw's Blog: Taxing the Uninsured

    Greg Mankiw's Blog: Taxing the Uninsured

    Lots of promises for getting the job, like marsupial pocket; gum tree leave little nuts hoping the bush tucker has a good nutrition!

    Greg Mankiw's Blog: An Interview with Anna

    Greg Mankiw's Blog: An Interview with Anna

    "This was [his] claim to be worthy of running the Fed," she says. He was "familiar with history. He knew what had been done." But perhaps this is actually Mr. Bernanke's biggest problem. Today's crisis isn't a replay of the problem in the 1930s, but our central bankers have responded by using the tools they should have used then. They are fighting the last war. The result, she argues, has been failure. "I don't see that they've achieved what they should have been trying to achieve. So my verdict on this present Fed leadership is that they have not really done their job."


    What sort of tool for Fed Madam?

    Greg Mankiw's Blog: What's so great about small business?

    Greg Mankiw's Blog: What's so great about small business?

    Small businesses do "create" a disproportionate number of jobs. They also "destroy" a disproportionate number—generally by going out of business.

    Precisely this reason give bit of encouragement, give them incentive, make easier so that not destroy disproportionate number— not going out of business. yes there are always some people abuse system, overall retuning i.e creating job much greater then abusing. I think

    Greg Mankiw's Blog: For Wellesley Residents Only

    Greg Mankiw's Blog: For Wellesley Residents Only

    He says : I am taken!
    So she says: So what?

    Friday, October 17, 2008

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    I read this below bottom he puts them here again. These scotched brain can ever swear?; godmm fucking son of bitch economics yellow asymmetrical whores banking piece meal, probably when they do vanilla for some 20 years:i.e knock knock you may enter my vanilla chamber! may I plea please making symmetrical position to you! o how wonderfully seductive insipidly forceful pair of comfy standard wellington boots, how warmly fit in their conformities taste; complement each other.

    Greg Mankiw's Blog: The Obama Social Security Plan

    Greg Mankiw's Blog: The Obama Social Security Plan

    When you are an impressionist you can see relentless, vibration is all living things. What is Social Security anyway? Partisans opinion would be all biased before right or wrong. We do in here Australia and if economic is real living I know something of real life non-partial, which is non existence of normal setting.

    Greg Mankiw's Blog: Two Bull Markets

    Greg Mankiw's Blog: Two Bull Markets

    Click on the graphs to enlarge middle ground galvanized global sweet home fairy tales. Yes indeed this is prize of happiness show the world how so divine it is standout from crowed, shining through index of retirement nicely nestled, life is all about investment measures size of people’s show off and happily ever after near all high time in a henpeck in a bitch skirt. It is far from convergence it is condition of continuity, magnificently setting, how wonderfully ball-cutting bustardy series of coincidence. O let us not forget that a man who is in intrude is anti-everything and henpeck in a haystack, gosh divine made disasters; how softy affiliated with slinky skirt. So people who is bitter about their goddam unhappiness don’t creeping around outside an arsholes’ package-home-tour-happy show as on looker bitch envies. Instead let us bit ambivalence warden of blessing their every happiness they get in any way as they flaunt like beautifully golden fried goose neck in the charcoal stove until mound of soil

    #links

    #links

    Certainly this is the most bottom-lined serious inconsolable deadly climax from the center unquestionable fatal darling disjointed an anatomical scumbag pricks omnipresence, a creation of serious confined masochistic sadistic fucking bondage of metamorphic happiness!

    Greg Mankiw's Blog: Who wins the rich vote?

    Greg Mankiw's Blog: Who wins the rich vote?

    Who cares rich vote anyway course of self-extermination spatio-temporal dogged doggerel!

    Greg Mankiw's Blog: Fact Checking the Presidential Debate

    Greg Mankiw's Blog: Fact Checking the Presidential Debate

    A person who is in love hate and do-nothing shall not engaged in conduct that conduct is misleading or deceptive or likely to misleading or deceptive section ss imposition of scold of or damage or injunction or ancillary order for heartbroken flock

    Greg Mankiw's Blog: Who has the better health plan?

    Greg Mankiw's Blog: Who has the better health plan?

    The Obama health plan:

    Sen. Obama's plan would require large employers to either offer insurance or contribute a percentage of the company's payroll toward the cost of taxpayer subsidies....Sen. Obama also plans tax credits to encourage small businesses to offer insurance....Sen. Obama hasn't said where he would mark the line between the large employers who would be punished for not offering insurance and the small ones who would be rewarded if they do.

    Is there a good rationale for this strongly asymmetric treatment of small and large firms? I cannot see it.


    No relation is a good relation that is why more desirable!

    Greg Mankiw's Blog: Technological Advance

    Greg Mankiw's Blog: Technological Advance


    Technological Dividend!

    Thursday, October 16, 2008

    Greg Mankiw's Blog: A Rorschach Test

    Greg Mankiw's Blog: A Rorschach Test

    How do you react to this news story?

    "Your new tax plan is going to tax me more, isn't it?" the plumber asked [Senator Obama], complaining that he was being taxed "more and more for fulfilling the American dream."

    "It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance for success too," Obama responded. "My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody ... I think when you spread the wealth around, it's good for everybody."

    This exchange with "Joe the plumber" was discussed in last night's presidential debate.

    My sense is that most liberals will instinctively agree with Senator Obama here. The last sentence, which I put in bold, is as good a summary of the Rawlsian notion of distributive justice as you are likely to find from a major political candidate.

    Senator McCain took exception to Obama's statement, but he did not fully explained why. My guess is that McCain would agree with this passage from Robert Nozick's Anarchy, State, and Utopia:

    The term "distributive justice" is not a neutral one. Hearing the term "distribution," most people presume that some thing or mechanism uses some principle or criterion to give out a supply of things. Into this process of distributing shares some error may have crept. So it is an open question, at least, whether redistribution should take place; whether we should do again what has already been done once, though poorly.

    However, we are not in the position of children who have been given portions of pie by someone who now makes last minute adjustments to rectify careless cutting. There is no central distribution, no person or group entitled to control all the resources, jointly deciding how they are to be doled out. What each person gets, he gets from others who give to him in exchange for something, or as a gift. In a free society, diverse persons control different resources, and new holdings arise out of the voluntary exchanges and actions of persons. There is no more a distributing or distribution of shares than there is a distributing of mates in a society in which persons choose whom they shall marry. The total result is the product of many individual decisions which the different individuals involved are entitled to make.

    The current election is in part a referendum on Rawls versus Nozick.

    Talking about ideas for voting, what is sharing? You get one I get two that is not make sense and unfair so divvied my one/half make it as half half and then we are equal---Your heart bun like sienna light cadmium orange copper feet yellow pale eyelids, pleading green eyed foliages…

  • Robert Nozick's
  • Anarchy, State, and Utopia

  • John Rawls
  • Greg Mankiw's Blog: More Commentary on the Financial Mess

    Greg Mankiw's Blog: More Commentary on the Financial Mess


    I think actually economy is art, it is an art form. I am not sure what is yet but I pick up brush again so eventually my heart will tell me what is all about. Been thinking Van Gogh’ I fell in love when I first saw, something struck me deeply deeply honestly. Rollercoaster heartbroken lines colors sky yes sky you learn something. How could I not? profoundness anyway me I am speaking, can not compare any others. Economy is something of this? It is hard to say but moves me uneasily through recent days. I am not sure why I am connecting two these things, basic bold brush strikes why anything to do our real life? No everything to do with! That is right, life just our life, we feel vanquish moment lines colors tears joy stock market up an down yes the bloody market that is right market that is life, also life which we love so much that love, what is life mean then? This is stupid ridicules question! Past past Simple stuff easy! Nice to pick up brush and brush my ego again feel good as feel giant yet unbelievably brilliantly humanistic-ally vile as –long –as I shall live, I am not intent to do wrong in here, am I wrong in here??

    Greg Mankiw's Blog: Colbert interviews Stiglitz#links

    Greg Mankiw's Blog: Colbert interviews Stiglitz#links

    Economic is massive machine gun shoots the greedy bitch horseback thrusting foramen’ one-night-stands a rambling runner way best a giant money sucker pimp’s buggery!

    Wednesday, October 15, 2008

    Greg Mankiw's Blog: Republicans, Democrats, and the Stock Market

    Greg Mankiw's Blog: Republicans, Democrats, and the Stock Market


    The bottom line: Trying to isolate the differences between the parties with
    stock market data is silly at best.
    I like bottom line, left and right nicely curved like peach bottom line, hard rock running track bottom line, I think men’ bottom lines peach, women’ silly pumpkin shape. I like middle? By the way middle has line? Tucked into nice ranges, many difference range of bottom-lines at running track. Duck bottom monkey pews bottom chopstick and bonsai bottom line. my bottom line is how could I bit more polish, nice less vindictive less bitch politically monastically so I can swing over either side whenever I want, it is positioning for convenience. Stop kidding yourself again girl. Wonder where is left and right ordinate, what makes people twisted left and right, there anything for outside? But then outside is for outsiders exclusively, that is also convenience too, when you looking at the orchids you suppose become one of them how gracefully stunningly balanced and their petals are scentless! Why I besotted by scentless beauty? You may well ask! Good question, probably I used have them around since I was born. I might mooing over. Young Sun you are silly actually stop asking silly question yourself, keep eyes brain mind boggling into the textbook. Am I ever get my spelling right? What he is saying the silly is the best! It is really encouraging! Finally am I get some recognitions of my silly ridiculous things questions ? You see sometimes my tongue is just rolling without my bran’s instruction. --Thank you - another diggings! Lots of people ga ga on him !

    Addendum: Related readings the above -- By the way when things are bit risky or illicit is more desirable, aren’t you agree? I think you see snipping encrusting forbidden is more thrilling then having panadol from supermarket aren’t you agree?

    Tuesday, October 14, 2008

    Greg Mankiw's Blog: Shiller on Stock Market Valuation

    Greg Mankiw's Blog: Shiller on Stock Market Valuation


    Robert Shiller, professor of finance at Yale University and chief economist for MacroMarkets LLC, tracks what he calls the "Graham P/E," a measure of market valuation he adapted from an observation Graham made many years ago. The Graham P/E divides the price of major U.S. stocks by their net earnings averaged over the past 10 years, adjusted for inflation. After this week's bloodbath, the Standard & Poor's 500-stock index is priced at 15 times earnings by the Graham-Shiller measure. That is a 25% decline since Sept. 30 alone.
    The Graham P/E has not been this low since January 1989; the long-term average in Prof. Shiller's database, which goes back to 1881, is 16.3 times earnings.
    But when the stock market moves away from historical norms, it tends to overshoot. The modern low on the Graham P/E was 6.6 in July and August of 1982, and it has sunk below 10 for several long stretches since World War II -- most recently, from 1977 through 1984. It would take a bottom of about 600 on the S&P 500 to take the current Graham P/E down to 10. That's roughly a 30% drop from last week's levels; an equivalent drop would take the Dow below 6000.

    Talking about history of crash, it has been a parody cadet’s brief promulgated mysteries. As far stock market concern our mind are continues impious ejaculation, it is the badge of the honor traders on floors, wear it pose. Thank you - happy day!

    Monday, October 13, 2008

    Greg Mankiw's Blog: Currency Demand

    Greg Mankiw's Blog: Currency Demand

    My brother used hid his pocket money under bed mattress and asked me lending, because he was not spend his own, so I went straight his mattress, see there was heap of his pocket money stashed away! I was not deceived by his pretences as if he spent all!!! He couldn’t understand why I got more then his…

    Greg Mankiw's Blog: The envelope, please

    Greg Mankiw's Blog: The envelope, please

    This year's Nobel Prize in economics goes to Paul Krugman.

    Woww what a glory! I wonder where his is going to put the medal, probably wares in his breakfast table and having dinner too might going to bed… do you think Nobel laureates making love too? Then might wear it when he wears it in his making love too… great to see a golden face congregation congratulations, Paul! world sky my morning all the good news gosh it was bit of nightwear, you can imagine see your assets up and down up and down gosh, it is was abstract numbers so don’t feel much… but as a punter you have to prepare all that too – high risk high return…golden rule…

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    One of auction house selling Well St --Bidding start bidding $000 billion, sale of wweells street the historical land make over few hundred year, it was held by bulls, it is up for sale, it is great historical money tossing place where anyone could bathed and nightly banquette with gone-bust- buck ghosts, here is your grand chance own piece of land mining… lady over there mortgage hat scarcity top $001billion….yes the gentlemen with golden spectacles hillbilly pays-as-you-go bank jacket over $002billion! Yes any one $ 003billon or moreee…. O lady in front row a termination by frustration coat $005billion … anyone $0007billion… yes madam-that- you-have- hotshot… sold well street sold for $008billion …life is all about buying selling… do you think this is end of gangbang? …………… huuuuuuuuuuhhhhhh… I might go to sea today see what is up too…

    Greg Mankiw's Blog: Economists Against Obama

    Greg Mankiw's Blog: Economists Against Obama

    They are flogging – flock of flying geese!
    Life is a wild fended mission– parroting explores

    Greg Mankiw's Blog: Using Auctions to Inject Bank Capital

    Greg Mankiw's Blog: Using Auctions to Inject Bank Capital

    Nice to have lots of friends, you scratch my back I scratch yours. Great, there are no female, only boy friends. There any gay economists around except Keynes? I have lots of boy friend too but they all married their wives all bitches. What can you talk about it? So better off each other! Gosh how can you deal with all these demand friends all the time? Boom time friends I think everyone take their own space with them. Everywhere you go you make friend nobody understand you, but then you think about blood red landscape out back, you don’t need friend at all. Cross walking mind game yourself try to fit in. I am trying to nice to everyone in here so don’t dare to overstepping what I am thinking. Nice to know “economics is about the world in which they live.” Am I living world? Yes I am, Young Sun you are living at the world, confirmation, it is all about economics. Why then it is hyperbolic taste? So I am asking myself acutely life is quite something, you can not pin point. Other then just equator bloc you are security of your life. I think economists are quite happy with their money bag brains. Alan would be disgust about my endless choplogic! As I see the moon so seamless

    Sunday, October 12, 2008

    Greg Mankiw's Blog: The new edition is here!

    Greg Mankiw's Blog: The new edition is here!

    Prof N. Gregory Mankiw Fifth Edition - Principles of Economics



    The Fifth Edition

    Where all things are begin
    Beauty rises with beacon of wisdom
    Pounding lion wings roaring his face
    Leaping sounds his golden creedal
    Multitude languages life of lineages
    Eyes of image, the world strength
    Bather himself to a golden pledge
    Where his ennobled soul to people
    Enchanting steps enflamed songs
    Man who made foot print as he is
    His was he will be in his ethos
    Carries stationed evidence of vessel
    Faithfully ignites men’s’ dreams
    Ever conceived his gild fertile soil
    Glory, his divine image to freedom
    Seed of wealth bluer his bundles love
    Gift to the world very desired life
    Earthly faced his impassioned love

    8:34 pm 12/10/08

    Saturday, October 11, 2008

    Greg Mankiw's Blog: Score One for the Ivory Tower

    Greg Mankiw's Blog: Score One for the Ivory Tower

    WHAAAAA HIS HAPPINESS CHOCK THE AIR! His face beaming with Ivory Tower macroeconomic smile simile, probably get over Nobel Prize Pool, waiting for next year – underneath hissing his huge serpent sword, benediction his sharp teeth swearing “I knock off you Nobel son of bitch within next few years!” I am afraid of a person who has nice smile! Anyway it is drawn by a male.

    Greg Mankiw's Blog: Plan B

    Greg Mankiw's Blog: Plan B

    This is interesting idea. Mortgage meaning “dead pledge” at common law mortgage is conveyance, or whatever it pay as you go and discharge your obligation. But of course it is unique situation at the moment in the American if the housing market booming again is this would be no problems?

    Anyway people who lives and born into city they don’t have the deep sense of the “land” yes it can be anything; street or your running track or river bench spot or MacDonald stores or phone boots. But people like me who born into an old generation who owns land ancient generation. Land means more then just mere property; right to possess or mortgageble security or right to whatever. It is ingrained into our soul, profound sentiment and spiritual attachment for our forbears and our soil(this also very abstract idea to city people I think). It is not disposable, Not-sale, how could you sell your forbear burial ground unless extreme circumstance. Ironically in America most of mortgage owner’s city dwellers probably. Wonder they would have same kind of attachment of their property as my attachments to our land or property? Evidence of people' reaction, it uncharted ocean deep feelings of rancor or resentment or whatever we would call it. Interesting been thinking in this way. ownership and security etc... sometimes this abstract form helps people can get thought their worst because they don’t feel much because it is abstract.

    Greg Mankiw's Blog: Nobel Pool Update

    Greg Mankiw's Blog: Nobel Pool Update

    OOuch! his name is not on the list. He might deeply wounded! But he has always next year!!He need bit of steep drink! make his wound less painful!

    Greg Mankiw's Blog: Jefferson had the Louisiana Purchase

    Greg Mankiw's Blog: Jefferson had the Louisiana Purchase

    "This little event, of France's possessing herself of Louisiana . is the embryo of a tornado which will burst on the countries on both sides of the Atlantic and involve in it's effects their highest destinies."

    Jefferson's prediction of a "tornado" that would burst upon the countries on both sides of the Atlantic had been averted, but his belief that the affair of Louisiana would impact upon "their highest destinies" proved prophetic indeed. The Louisiana Purchase


    Amazing thing is this only few hundred years ago – not so long ago- I have not thought about it from this way, I wonder how Jefferson see all of this! anyway not bad idea buy a country from a e-bay make it your own home, if Jefferson alive he might do it same thing! life is all about buying and selling!It is good investment all the resources deep Ocean!

    Friday, October 10, 2008

    Greg Mankiw's Blog: Recession or Depression?

    Greg Mankiw's Blog: Recession or Depression?

    Recession is beginning:
    End of autumn everything falling even love too so beginning weep deepy feel feed feel melancholic, how could I go through this long sad kind of the feel… sensitive person only fee…

    Depression is ending:
    Everyone feel. Deep pit no more down only so way up; knuckled brunches cold hearted fucking sky meanness. beats each other; she kills you or you kill her, fittest survival, you become superhuman not to be beaten down so you have fight fight like hell, whole body is frozen but only brain super function. See the crystal clear bluest sky, will to live then she is coming alive

    Greg Mankiw's Blog: Never say never

    Greg Mankiw's Blog: Never say never


    If history was its demeanor
    There is no economists’ bold manic depressiveness
    Or learnt bloody lessons from that painful years.
    If we know the history is painful
    We should know how to not repeat it
    Hello wizes don’t lock inside
    Cozy pretentious masquerade ball
    Licking your erotica wounds
    Waltzing away fingers on Beethoven key board
    Gearing up your foghorn
    Clear hazy misty fog away

    Update:I think most economists have bipolar disorder, you can imagine it is their events, right up to their ally yet they just see bystander how world up and down up down water bed session flunk flop -- they have to get out air loss water bed if they want fast vigorous encountering

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    What is supreme solution my cherub?
    tell bank painic don’tpanic
    tell dow don’t get fucked
    be merry hungry moneymangers swing through merry field catch toad tattle tadpole mettle, who said water is deep skin is thin fury fury slinky dinky bitch shelter rage mantle arsshols standing pool’s day

    Wednesday, October 8, 2008

    Greg Mankiw's Blog: How to Recapitalize the Financial System

    Greg Mankiw's Blog: How to Recapitalize the Financial System

    Here is an idea that might deal with these problems: The government can stand ready to be a silent partner to future Warren Buffetts.

    It could work as follows. Whenever any financial institution attracts new private capital in an arms-length transaction, it can access an equal amount of public capital. The taxpayer would get the same terms as the private investor. The only difference is that government’s shares would be nonvoting until the government sold the shares at a later date.

    This plan would solve the three problems. The private sector rather than the government would weed out the zombie firms. The private sector rather than the government would set the price. And the private sector rather than the government would exercise corporate control.

    Why would an undercapitalized financial firm take advantage of this offer? Because it would need to raise only half as much capital from private sources, that financing should be easier to come by. With Warren Buffetts in scarce supply, the government can in effect replicate them, by pigging backing on what they do.

    I believe that Treasury has the discretion to use some of the $700 billion recently approved by Congress to make these equity injections. I would recommend that the Treasury announce an upper limit, say, $300 billion, allocated on a first-come, first-served basis. The limit would encourage financial institutions to act quickly to get in before the door closed. Given how fast matters are deteriorating, the sooner capital gets back into the financial system, the better.


    Early bird catches worm! Thank you for the great article!

    Greg Mankiw's Blog: Lessons from the Past

    Greg Mankiw's Blog: Lessons from the Past

    What should be done? We should encourage the immigration of prime-age individuals. Beginning in 2007, net immigration fell to half of its level over the previous five years. Increasing immigration would increase the demand for housing and raise home prices. And note that the benefit would be immediate. Home prices -- and the value of subprime obligations -- would rise in anticipation of a higher population base. The U.S. particularly needs highly skilled workers. These workers not only would purchase homes, but would generate higher living standards for all Americans.


    What is high GDP?
    Super sperm + super egg = high GPD

    Greg Mankiw's Blog: Explaining the Financial Crisis#links

    Greg Mankiw's Blog: Explaining the Financial Crisis#links

    What is Financial crises? Wall Street used to hold by a bull testicles now hold by the bitch bitchhh Government! Fucking whole world!

    Greg Mankiw's Blog: Fed 101

    Greg Mankiw's Blog: Fed 101

    Number crunch from the cradle!
    Be aware your child brain washed by numbers!

    Greg Mankiw's Blog: Nobel Odds

    Greg Mankiw's Blog: Nobel Odds

    WOWWW O MAN HIS NAME ON THE LIST, WOW WOO AMAZING!!!!!!!!!!!!
    I thought about it, I wonder what is going to happen!

    Greg Mankiw's Blog: A Few Good Reads

    Greg Mankiw's Blog: A Few Good Reads

    Great testimony always comes with conjured goodness
    Assurance there are no unnecessary depression. There might be some blunders spread rumors so that they can buy their bet cheaply!

    Tuesday, October 7, 2008

    Greg Mankiw's Blog: Do you take models (too) seriously?

    Greg Mankiw's Blog: Do you take models (too) seriously?

    During my economic class I learnt why some countries are so poor and some countries are thriving. Of course there are lots facts are determined the high v Low GDP; ie geographical environmental heritage advantage circumstance. Few of most striking points were; protection of private property, civil liberties, political and media freedom, these cannot achieve without democracy. As a learner I am absolutely absorbed by this American finance event. And see how American democracy is working. I have nothing but deep respect the American democracy. Every systems have flaws in them, often people who are in the power would like hide the flaws that is where problems begin but American is so open, washing their dirty laundry front of the world. Their full blown eye are executing the sinners whoever disagree with their emanation innate power, tones of cannon their mouths firing with white winged possesses me not and laughing laughing themselves. This comes from self confidence I think

    Greg Mankiw's Blog: Another Sign of the Times

    Greg Mankiw's Blog: Another Sign of the Love





    Tonight salad from a heartland, personally grown picked salad from Jefferson’s garden with love! What a beautiful tomato from beautiful garden and home. So graceful sunlit soil what a life, then you know what is missing!
    Been thinking about taking up some cooking class to know how to cook perfect salmon steak, king prawn stir-fry and nice salad.
    Our old house has lots lots old peach persimmon trees all sort of stone fruits trees too!

    Greg Mankiw's Blog: Is deregulation to blame?

    Greg Mankiw's Blog: Is deregulation to blame?


    Because of deregulation .50 cent per phone call from NZ to Australian!!!

    Greg Mankiw's Blog: How careers begin

    Greg Mankiw's Blog: How careers begin

    What’s up miss foghorn?
    I WWWWWWNTTTTTTTT TO BE an economist
    O really that is great! Why?
    I want to bail out my dog frog orchid and my tomato
    Giant mouth giant goes with giant brain!

    Monday, October 6, 2008

    Greg Mankiw's Blog: Advice from Down Under

    Greg Mankiw's Blog: Advice from Down Under

    We have lots of smart money mongers in down under – like me from innate natural money mongers when duty is called, we become multiple personality with full blown bloody money suckers tongue, armed with valley of bully, put on lizard goggles on eyes sockets bullet proof in your skin crocodile teeth and kangaroo pouch galloping through our land, Mendel pea, it comes from gene. Money ownership of property there is no mess around. My land is my personality nobody has right but myself. Be possessive your land your man your lover your books your music, painting favorite pencil, computer car even your running track sport bra yoga mat perfume memory wine ice cream of course also your favorite economic blog,

    Greg Mankiw's Blog: SNL on the Financial Rescue#links

    Greg Mankiw's Blog: SNL on the Financial Rescue#links

    Conspiracy, freedom expression, wonders why? Probably deep devotion of wounded permissible loyal crowd never permitted to a such good thing as hearty laughing. But laughing is on a long time. At times bush tucker from down under, it is essential for cyclical misery which awkwardly stands our way, few knifing hiccups wailed and then clear away then we will be right then we don’t need a wild bush tucker anymore we need a hearty traditional authentic grandmamma cooking from the heartland.

    Update: Lots of noisy flurry going now… jotted heads around down mouthed twist around their nasty melanoma skit, appeared and disappeared

    Update: Here muffle skunking skit appeared again

    Update: Twelfth Night
    Act III S1
    Viola. Save thee, friend, they music! Dost thou live by the tabor?
    ---
    Viola, Nay that’s certain; they that dally nicely with words may quickly make them wanton.

    Greg Mankiw's Blog: Predicting Election Outcomes

    Greg Mankiw's Blog: Predicting Election Outcomes

    Prof Backus back us our bambina knowledge of election in his back up knowledge. Increase your knowing- presidential election just around corner, it is a back us equation, is in column 1 in Table 2 of in your head if you want to find or if you want just back up your back us in just in time backus --A nice summary from his backup 1996 piece.

    Greg Mankiw's Blog: The Race Between Education and Technology

    Greg Mankiw's Blog: The Race Between Education and Technology


    People have funny colors black yellow white
    Universal hooch pooch
    I am bit creamy skin with black eyes
    My friend Alex from Colombia has fair skin dark brown ginger hair
    Her son Mario has dark brown skinned, smartest boy I ever seen
    His two popping eyes are pearls of Southern Cross
    All shapes shade form green purple yellow
    People have funny colors shade in their eyes
    Around winkled purple white
    But our warm blood is all same in our vein
    Yet
    We are all different
    Word of equality is gigolos taxable income
    Whore’s professional integrity
    Have you ever seen anything in equal in this planet?
    Economically comically politically laughing

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    Greg Mankiw's Blog: More Commentary on the Financial Mess

    Abraham Lincoln said, "You can fool all the people some of the time and some of the people all the time, but you can't fool all the people all the time." Thomas Sowell
    I read Lincoln at primary school, it was text book I think, I am not sure why this tall black beard guy imprinted my memory. With Uncle Tom's Cabin and relations of American Civil War perhaps. I think he was a cool still cool. But I don’t agree with his above word. Actually you can fool all the people all the time. I am opinionated myself in here. Why? We are all the people. We are kidding ourselves all the time. Effeminate economic tarts devotee of your daily childish jaw bound tight lipped emotional suckers, or war and peace meditation and diet hissing pissing bloody million children stave to death. Life is bit of bolt holed exotic collection of whore’s parodies. Or scumbags fading plasterer daily fantasy show. Infallibility of our commitment our faithful farces. We are all hyper two faced chink peas from our cradle our one straight line – whether you like or not. But mighty, we are mighty peas put up with all this endless elaborate sagas, keep going going… growing growing until sky

    Sunday, October 5, 2008

    Greg Mankiw's Blog: Deflation?

    Greg Mankiw's Blog: Deflation?

    "...at maturity, if the adjusted principal is less than the security's original principal, you are paid the original principal.

    That is, in a period of substantial inflation uncertainty (e.g., now), TIPS are an attractive bet. You get inflation protection if prices rise, but you get your full nominal principal back at maturity if prices fall.

    Thank you dear magi a such machiavelli michelangeloic crafty kind attractive bet!

    Saturday, October 4, 2008

    Greg Mankiw's Blog: Charity and the Would-be Veeps

    Greg Mankiw's Blog: Charity and the Would-be Veeps

    Used to my grandmamma gives away lots of things. Mostly not money through; crops from the field and sea. She gave money to Buddhist temple where our granduncle was a monk, and when a monk visited us and a shaman, donation to death and birth rituals, and her grandchildren birthdays. She was also something of an herbalist medico. I don’t know what it was but she made almost every seasons, all her field were on her disposal, all materials from our land. Picked crops, plants, roots barks and flowers, washed and dried and boiled days days, rolling into bean size tablets and dried at the sun, just like vitamin we are buying from supermarket. Her case was all hand made with her loving. I used to dread to having a such bitter things. She sent out all her children and grandchildren and neighbors, name on it. She used to say vitamin we bought from store were fake, hers authentic. I didn’t believed at the time but I believed now she was right least because of her love. She was born into a large Confucius-Buddhist scholarly family; ninth among ten daughters and one son. So learnt old traditional role of women; her other craft were cooking embroidery. I have been thinking she was deeply caring who around her. She truly believed her caring was her duty. I am not sure that is called charity in today sense since I didn’t know in that area. Bit of shame, why didn’t I inherit bit of her caring gene? Caring is come from gene, within you your soul I think, I am a truly selfish in many ways I only care about myself. I am going to tell myself “ be nice be nice Young Sun, be nice a girl, be a good girl hu?