Category Archives: money and finance

What is at stake and why GOP is irresponsible to put debt-default on the table

It is time to envision possible scenarios resulting from a failure to raise the debt ceiling. At this point I don’t find it likely that such a breach will happen. I still find it most likely that, after weeks of … Continue reading

Posted in 2007-2012, economic recovery, money and finance, political sociology, politics, qualitative sociology of economics and politics, sociology, The End of the GOP, the great contraction, the great contraction 2007-2012 | Leave a comment

COLUMN: debt-default politics must end

As the previous decade was coming to a turbulent close, James Fallows, the veteran journalist, penned a trio of important articles. The first, “The $1.4 Trillion Question,” published in January 2008, was among the first to look at the rising … Continue reading

Posted in 2007-2012, debt, economic recovery, macro-economics, money and finance, political sociology, politics, qualitative sociology of economics and politics, the great contraction, the great contraction 2007-2012 | Leave a comment

Economic optimism mounts: Krugman, Klein, and Harding

There is a growing sense of optimism around the US economy, as evidenced by both the general beliefs of people and the particular beliefs of experts. First, the most recent measurement of consumer confidence is reported to have hit multi-year … Continue reading

Posted in 2007-2012, economic recovery, macro-economics, money and finance, qualitative sociology of economics and politics, the great contraction, the great contraction 2007-2012 | Leave a comment

the problem of middle-class spending power: a few comments

The last five years we have witnessed a historic de-leveraging in the private sector. This process was part of a large economic contraction overall. The collective response was (a) creative and explosive monetary expansion combined with (b) politicized fiscal standoff. … Continue reading

Posted in 2007-2012, an actually thriving labor market, debt, money and finance, money velocity, politics, prices, the great contraction, the great contraction 2007-2012 | Leave a comment

advanced capitalism and the methodological imperative of symbolic data

(Some theoretical drivel around what I refer to as ‘advanced capitalism,’ and the proliferation of symbolic data empirically associated with it …) One of the empirical outcomes of advanced capitalism has beeen the proliferation of symbolic data. This outcome is … Continue reading

Posted in advanced capitalism, intellectual property, Media and knowledge, money and finance, sociology, sociology of business, Symbolic data, the database, theoretical drivel | Leave a comment

Four reasons for economic optimism in 2013, 2014, and beyond

The case for US economic optimism in 2013, 2014, and beyond continues to grow. Here are four reasons for optimism (with limits to the optimism in parentheses): 1. US oil boom (on the other hand, there is a possibility we … Continue reading

Posted in an actually thriving labor market, conservative movement, economic recovery, macro-economics, money and finance | Leave a comment

Six reasons US will remain world’s preeminent monetary power for years to come

Recently I wrote that I see the US “continuing as unrivaled monetary power today and into the future.” Here is an excerpt from A. Gary Shilling, writing at Bloomberg, listing six reasons to be so optimistic about the US as … Continue reading

Posted in 2007-2012, advanced capitalism, economic recovery, macro-economics, money and finance, the great contraction, the great contraction 2007-2012 | Leave a comment