Is your school on the list of the American universities where professors are the least likely to engage with their students
Here is an update of the four charts I'm using to track when the Fed will start tapering QE3 purchases.In general the year-end data might be "broadly consistent" with the June (and September) FOMC projections.However I suspect the FOMC...Show More Summary
The Federal Reserve released the Q3 2013 Flow of Funds report today: Flow of Funds.According to the Fed, household net worth increased in Q3 compared to Q2, and is at a new record. Net worth peaked at $69.1 trillion in Q3 2007, and then net worth fell to $55.7 trillion in Q1 2009 (a loss of $13.4 trillion). Show More Summary
The Washington Post reports Majority of youngest voters would recall Obama. Young people, who played a major role in putting President Obama in the White House in 2008 and keeping him there after 2012, now say they would vote to recall...Show More Summary
Japanese machinery orders ticked up in October, a sign that business investment is holding firm and could take on a greater role in driving economic growth toward the end of the year - a welcome piece of news for backers of "Abenomics."
When Japan joined talks for a pan-Pacific free-trade bloc earlier this year, the move was hailed as a sign that Tokyo might be serious about reforming its economy, but those initial hopes are fading as the negotiations stall.
Matthew O'Brien of The Atlantic gives us the 41 most important economic charts of 2013. The figures come from various contributors, including me. My figure is borrowed from chief economist Michael T. Darda of MKM Capital and shows that long-term treasury yields generally have risen under the QE programs. Show More Summary
Lambert here: Nice to see an organization sponsored by the Institute of Chartered Accountants in England and Wales calling for financial criminals to be prosecuted. And here's who Victoria Chick is. I wish she'd come over here and smack the weasels at Justice around. By Ian Fraser, a financial journalist who blogs at his web site and at qfinance. Show More Summary
Bank of Korea will do next year: Four said it will hold rates steady, three predicted a cut and four called for an increase. In other words, with global growth still sluggish and Fed tapering in the air, there’s precious little clarity on the road ahead. Here are five key issues to watch at Thursday’s meeting.
The highly touted Illinois plan to fix its pension system is largely hot air. I was waiting for details to prove just that and they came out today. Let's flashback to the the initial claim.A headline from six days ago reads IllinoisShow More Summary
Some of the world's biggest institutional investors are picking up more Japanese real estate. The reason? Not Abenomics.
If you are in or around Clackamas, OR, on Wednesday, please go. For one thing, universal background checks in Oregon currently hang by a political thread. But, more important, we owe it to the victims to remember. Memory is the duty we owe to the dead, all the dead... Show More Summary
(December 11, 2013 12:03 AM, by Bryan Caplan) Most researchers oversell their results. After re-reading Dale and Krueger's latest piece on the selectivity premium, however, I suspect that they are greatly underselling their results. They haven't just undermined the value of academic selectivity; they've confirmed the value of... (0 COMMENTS)
Productivity outpaces real wages, deflated using the output deflator, or using the CPI. Figure 1: Log productivity (blue), log real compensation using output deflator (red) and using CPI (green), in the nonfarm business sector, all rescaled 2001Q1=0. Show More Summary
Some good news...From the NY Times: Congressional Negotiators Reach Budget DealThe agreement eliminates about $65 billion in across-the-board domestic and defense cuts while adding an additional $25 billion in deficit reduction by extending...Show More Summary
A roundup of economic news on Asia and emerging markets from around the Web. --Fed Impact: A key question going forward is how emerging market capital inflows will fare when the Fed phases out its asset purchase program and eventually hikes interest rates. Show More Summary
SigFig's new service promises to fix common portfolio mistakes and is free to accounts smaller than $10,000
The social media stock closes above $50 a share for the first time
Jim Glass sent me this Brad DeLong post from June 2008: Unemployment Benefit Extension Blogging; Why Does George W. Bush Hate John McCain?. . . Calculated Risk writes: Calculated Risk: Unemployment Benefits Extended: An extension of unemployment benefits for 13 weeks was included in the war funding bill signed by President Bush today. This [...]