Political Calculations
October 03, 2008

Carnival Midway from The Jerk Welcome to the Friday, October 3, 2008 edition of On the Moneyed Midways, your single source for the best posts found among the best contributions made by money and business bloggers to the past week's money and business related blog carnivals!

We have another edition defined by great questions! Should you lie to get a better deal? Why is it really in everyone's best interest to bail out the finance industry? And shouldn't we be considering someone else's dumb plan to do it? Why aren't most doctors rich? What do you need to consider to become your own boss? Which stocks with solid fundamentals became huge deals in the past week?

The answer to these questions, and so much more, await you below....

On the Moneyed Midways for September 12 and 19, 2008
Carnival Post Blog Comments
Carnival of Debt Reduction Introduction to Credit Card Debt Bankruptcy Access It's Credit Card 101! Lots of surprisingly solid information on a blog that may only be a search-redirect operation.
Carnival of Personal Finance Is There an Ethics of Frugality? Student Scrooge Is it okay to lie to save money on your bills? Richard navigates the ethical implications of threatening to cancel your service for the sake of scoring a better deal in The Best Post of the Week, Anywhere!
Carnival of Personal Finance One Lender's Take on the Bailout Proposal The Money Beagle The Money Beagle has a very good friend in the banking industry, who offers their perspective of the government's proposed rescue plan for the finance sector of the economy. Absolutely essential reading! and a very near contender for The Best Post of the Week, Anywhere!
Carnival of Real Estate How Many Home Loans Could You Make with $700 Billion (My Alternative to Hank Paulson) Roseville Homes and Land John Lockwood has "an idea that's hugely dumb, and yet it's better than [U.S. Treasury Secretary] Paulson's dumb idea" for healing the credit markets.
Festival of Frugality A Little Something Learned About Apartment Living Master Your Card Kristy was surprised to find that her electric bill continued to be high even after sharply cutting back her personal usage. It turned out to be that she was unknowingly also powering her apartment building's maintenance staff, but the story of how she got it straightened out is Absolutely essential reading! for renters anywhere.
Festival of Stocks These 3 Blue Chips Are Undervalued and Pay Solid Dividends Contrarian Profits Andrew Snyder sifts through the market carnage of the past week to name the top three values now available in the stock market: Microsoft (MSFT), Altria (MO) and Nike (NKE).
Money Hacks Carnival Why Most Doctors Aren't Rich How to Make 7 Million in 7 Years Adrian J. Cartwood explains why professionals with six-figure incomes aren't necessarily the people with lots of wealth - they're not investing in 'real' businesses with solid growth prospects!
Carnival of Money Stories How I Prepared to Be a Freelancer Problogger Blueprint for Financial Prosperity Jim turned in his notice at his day job and began blogging for a living six months ago. He discusses what he did to prepare for that change in a post that's Absolutely essential reading! for anyone who's ever considered becoming their own boss!

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Recession Probability Track - 12 July 2005 through 10 July 2009

Political Calculations' Recession Probability Track shows the probability that the U.S. economy will be in recession 12 months from the indicated date (shown in red) while revealing the probability trend over the past four years.

Previously, the probability of recession peaked at 50% on 4 April 2007, which means that March-April 2008 was the most likely period in which the NBER would have found the U.S. to be in recession.

As it happens, they almost did. The NBER instead chose December 2007 as the beginning month of the most recent recession (we had found a 46% probability for a recession beginning in that month!)

On the Moneyed Midways

Political Calculations is also the online home of On the Moneyed Midways (aka OMM), a review of the best posts contributed to the week's best business and money-related blog carnivals. More than that, we also name one post in each edition as being The Best Post of the Week, Anywhere! and at the end of each year, we name The Best Post of the Year, Anywhere! as well as identifying the best blogs we found during the course of the year!

The link below will take you to the running index containing our most recent back issues (you can easily navigate the index to find older editions.)

OMM's Running Index for 2008

Recent Posts

Are They Cooking the Books?

Why Aren't Stocks Collapsing?

Our Guide to the Worst of the Stock Market

Charts of Market Carnage

Predicting GDP, Past and Future

On the Moneyed Midways - September 26, 2008

Solving the Financial Crisis: Balance Sheet Dynami...

Who's Not Employed, 2008

Other People's Crystal Balls

Did We Predict Last Week's Market Turmoil?

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