Reading Dan Gross’s new book, Better, Stronger, Faster, was a strange experience for me. Gross’s account of America’s recovery from the worst financial crisis 80 years is relentlessly upbeat (not to mention terrifically engaging—the guy’s prose really moves). Having written my own, decidedly less sanguine, book, I was curious to see the evidence Gross used to justify his optimism. But it turns out his data points mostly overlap with mine: We have similar takes on the effectiveness of the government’s response to the crisis and the recession that followed.
Inequality Home Movies
May 05, 2012
I've been a bit erratic lately in my blogging because I've been running around a lot to publicize my new book (and will be running around a bit more next week to do the same).
Geithner on the Populist Backlash
December 24, 2009
There's an interesting back-and-forth between Dan Gross and Tim Geithner in Newsweek's year-end interview issue: GROSS: There have been, and continue to be, calls for you to go. How do you deal with those? GEITHNER: I spent most of my professional life in this building. Watching the politics of the things we did in the past financial crises in Mexico and Asia had a powerful effect on me. The surveys were 9-to-1 against almost everything that helped contain the damage.
The Conventional Wisdom on Jobs is Changing
December 15, 2009
The good folks at Grant's Interest Rate Observer must have felt pretty lonely six weeks ago when they suggested the recovery might be "jobful" rather than jobless, as almost everyone was insisting at the time.
November 03, 2009
Dan Gross: Rising U.S. stocks are a sign of growing foreign markets. CBO brief summarizing 28 gov't programs in support of housing. Mark Zandi says small business needs public help. Fed could face pressure from lawmakers to extend housing support. Being sad may be good for you.
October 26, 2009
Are the zombies out in Europe? Betting markets don't (yet) think a public option is back on track. Dodd wants a temporary freeze on credit card fees and rates changes. Krugman on the parallels between dollar-pegged and gold-standard nations. How Nassim Taleb is "trying so hard to make the old sound new." Dan Gross: You need an anthropology degree to understand Wall Street.
Gourmet and the Bottom of the Magazine Market
October 11, 2009
Dan Gross is onto something with his most recent Slate column: [T]he closing of Gourmet (along with Cookie, Elegant Bride, and Modern Bride) could also be a positive sign ... [I]t reeks of capitulation. In investing terms, capitulation is that moment when, after a prolonged period of decline, nobody seems to want to be in a particular market—Internet stocks, real estate, CDOs. During down cycles, most players cut their losses or adjust to the new reality.
Is There Really A Rise In American Incompetence?
March 17, 2008
Throughout the week, Clay Risen, the managing editor of Democracy, will be covering economic developments for us on The Plank. Here's his first post: I have a lot of respect for Dan Gross over at Slate, and I enjoyed his new book Pop immensely. That said, I have some significant reservations about his article currently headlining the site, "The Rise of American Incompetence." Dan posits that America's failure to get its financial house in order is causing foreign investors in our currency to look elsewhere. So far so good.