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Monday, March 01, 2010

Return of the Great Depression blog

One of the things I have wanted to do since the release of the book is to turn the RGD book site into a bona fide economic resource. However, I simply have not had the bandwidth. A number of people responded to my inquiry last month, and I selected two of them to act as my associate bloggers there.

Sam will be focused on Europe, Asia, and the Middle East. He has a great initial post on why the current economic crisis has not hit Israel as hard as might be expected. He'll be paying particularly close attention to the Greek situation and to the Irish and Spanish reports since it's looking like one of those three nations will be the flashpoint in the next round of European debt-deflation. But don't count out China either....

Carlton will be focused on the USA and keeping abreast of the economic release schedule, particularly as it relates to significant indicators such as debt, New Orders, housing prices, and sales tax revenues. His introductory post is on the FDIC. The goal is to have daily updates on various economic statistics, but focused on those measures that I believe to be more significant and less susceptible to manipulation for political purposes. In keeping with this goal, I've added my own post showing annual GDP growth charted against total commercial bank loan growth from 1947 to 2010.

Any comments or suggestions for further improvements would be welcome.

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