(February 25, 2017 04:41 PM, by Amy Willis) If you missed this week's EconTalk episode with Tom Wainwright of The Economist, you're missing out...whether or not you have any drug-running aspirations. Wainwright's new book, Narconomics, host Russ Roberts calls "a tribute to economics." In his book, Wainwright... (0 COMMENTS)
The financial sector plays a critical role in intermediating domestic savings into domestic investment, so it should serve as an important absorption tool for natural resource windfalls. Using a panel dataset of over 150 developed and...Show More Summary
In case you couldn't get to the WSJ article by Larry Summers, written in tribute to Kenneth Arrow, here's an open link: Farewell to Kenneth Arrow, a Gentle Genius of Economics: My mother’s brother, the Nobel economist Kenneth Arrow, died...
A quick update on Eurocoin, the lead indicator for economic growth in the Euro area. In February, Eurocoin rose from 0.68 in January to 0.75 - hitting the highest level in 83 months and marking 10th consecutive monthly rise. The index...Show More Summary
The Democrats double down on failure.
Billionaire investor behind Berkshire Hathaway says low-cost index funds beat most all other investments over time
A nonpartisan budget group said the decrease has nothing to do with Trump's policies
(February 25, 2017 03:14 PM, by David Henderson) In the late 1990s and early 2000s, in one standard part of an optimistic speech I gave about the modern economy and the effect of the Internet, I told a story from a 1977 Woody Allen movie, Annie Hall, that... (0 COMMENTS)
Numerous news reports suggest that President Trump will tap Kevin Hassett to chair the Council of Economic Advisers. This would be an excellent choice. Here is an overview of Kevin's perspectives on economic policy, and here is my old review of his book Dow 36,000.
(February 25, 2017 09:59 AM, by Scott Sumner) James Alexander has a new post discussing recent trends in NGDP growth in the UK: UK RGDP saved by accelerating NGDP Unfortunately, the headline is a bit misleading. NGDP (left scale) grew at a 5.0% rate in the first half... (0 COMMENTS)
Yes, that is what he told readers in his column. In a column arguing for the need for more immigrants he referred to a figure from the National Association of Home Builders, that there are 200,000 unfilled construction jobs in the United States. Show More Summary
The key economic report this week is the second estimate of Q4 GDP.Other key indicators include the February ISM manufacturing and non-manufacturing indexes, February auto sales, and the Case-Shiller house price index. ----- Monday, Feb 27th ----- 8:30 AM: Durable Goods Orders for January from the Census Bureau. Show More Summary
The Dow's record-smashing rally is still going, as the index closed at an all-time high for the tenth time in a row yesterday (Feb. 23). The post Will the Stock Market Crash Soon? was originally published at The Wall Street Examiner. Follow the money!
Silver investing has been much more profitable than investing in other metals. The post Silver Investing Could Bring 19.9% Returns Despite This Bearish News was originally published at The Wall Street Examiner. Follow the money!
All of the discussions about the Baltic Dry Index - a proxy for global trade flows - in recent weeks was centred on the alleged recovery in the index valuations from the historical lows of 1Q 2016. Much of this recovery was predicated...Show More Summary
White House press secretary Sean Spicer said Thursday that under President Donald Trump, the U.S. Department of Justice will do more to enforce federal marijuana laws. The post The Two Ways Trump Can Upend Recreational Marijuana in 2017 was originally published at The Wall Street Examiner. Follow the money!
Market Dynamics continue to frustrate many hedge fund strategies. At this point, Europe remains at the epicenter of The “Risk On”/“Risk Off” Faceoff. The post Doug Noland: Risk On/Risk Off Face-off was originally published at The Wall Street Examiner. Follow the money!
David Stockman shows you why the mother of all debt ceiling showdowns is coming to Imperial City. The post The Fiscal Horror Show Playing Soon in Washington was originally published at The Wall Street Examiner. Follow the money!
Yours sincerely, wasting away.