Late Breaking Economic Geekery

As the resident Econogeek (say "Econogeek" it just SOUNDS cool), I of course consider it my duty to keep everyone informed of economic issues while not putting them to sleep.  Well we had a few things come up I wanted to post today:

The Wrecksas in Texas.  Remember how Texas was going to be the next big thing?  Turns out they've got a lot of budget problems too and I'm guessing there's not going to be a lot of effort to fix them in a manner that'll let the state grow.  If you don't think a state can do stupid things to its budget that constrain growth, then let me just mention I live in California, which is still pulling itself out of decades of bad choices.  An interesting description: Texas is Ireland.  (By the way, I'm not holding out hope for Florida either).

Goldman Sach's deal with Facebook.  This one has several repercussions, and frankly few of them good for Facebook.  Goldman's involvement has brought SEC attention which could force Facebook into an IPO.  Goldman does not have a good reputation among many after the financial meltdown, and it's involvement could tarnish Facebook.  Goldman is known for making all kinds of deals so they might draw Facebook into ventures, partnerships, and so on that aren't in the company's best interest.  Finally, Goldman's been known to be involved with "bubbles" before, and I wonder if their involvement might end up jacking up Facebook stock prices when it goes IPO – only to have a crash later.

Rudgers releases a study of a survey on workers here.  Some useful insights.

There's your quick economic blast!

Steven Savage

Christmas, Economics, and The Holiday Spirit

It seems that in this Holiday Season, a lot of people I know didn't feel very much Christmas Spirit.   When I talked to them they said not only they didn't much "sense of the Holiday", but neither did many of their friends.  This seeming lack of a Yuletide enthusiasm had me curious, as such things appeal to my psychologist-side, but I couldn't find an answer  – until a talk with a  co-worker helped clear things up for me.

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The Analysts’ Freemium Nightmare

I'm starting to pity economists, beyond the whole "how did so many of you morons miss the economy melting down" thing.  I'm feeling bad for them because they've got to try and analyze a lot of crazy trends in the actual working parts of the world economy, and things are changing rapidly and are far more distributed.

Last column I speculated on the various facets of Freemium (http://en.wikipedia.org/wiki/Freemium) that I feel need to be further explored and understood.  I'm quite enthused about the model and feels it holds great promise.

Now assuming Freemium is the wave of the future, as opposed to a tiny splash in the big ocean  of pricing models that lies on the shores of weird economic metaphors, there are going to be changes in more than just how we sell and buy.  There will be changes in how people analyze economic information, from understanding sales, to evaluating the performance of an industry.

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