There is a belief among the general public that employment volatility tends to be greater for firms with higher foreign exposure, but the relationship between the two is ambiguous in theory. This column uses firm-level data for Japan...Show More Summary
Traditional taxi companies are required to have their drivers undergo extensive background checks, including finger-print based checks. Apparently Uber lacks the competence to deal with similar requirements to ensure the safety of their passengers. Show More Summary
(December 3, 2016 09:01 PM, by David Henderson) As I noted in yesterday's post, there's always an issue of the bias of the news network on which one appears, and one is right to be skeptical. The fact that RT is funded by the Russian government ought to... (0 COMMENTS)
Welcome to Trump's America.
Mark Buchanan and Noah Smith: _[Debating What's Wrong With Macroeconomics]_: "It wasn't very long ago that macroeconomics was being hailed for answering some of the big, perplexing questions about the workings of the economy... >..."The state of macro is good," one highly respected economist wrote in August 2008, just before...
Abraham Lincoln: [State of the Union Address](http://www.infoplease.com/t/hist/state-of-the-union/73.html): "Fellow-Citizens of the Senate and House of Representatives... >In the midst of unprecedented political troubles we have cause of great gratitude to God for unusual good health and most abundant harvests. Show More Summary
Republicans have been hostile to the CFPB since its inception. Will Trump fire Cordray quickly-- relying on an October court ruling?
Pre-election trepidation morphed into post-election market exuberance, in only the latest demonstration of the power of an over-liquefied market backdrop. Here in the U.S., the bullish imagination has been captivated by the Trump administration’s...Show More Summary
Italian banks are in deep financial distress The post Italian Banks on the Brink was originally published at The Wall Street Examiner. Follow the money!
A version of this post first appeared on The Felder Report PREMIUM. Over the summer I noted that gold, after a great run during the first half of the year,... The post It Could Finally Be Time For Gold To Really Shine was originally published at The Wall Street Examiner. Follow the money!
If I think that Trump’s policies would be bad for the economy, then how do I explain the recent strength in the stock market? My answer is that stock investors see signs that Trump will not enact his economic agenda, and instead will govern more like a Mitt Romney Republican. I hope they are right. […]
Traders are watching precious metals ahead of Italy's referendum on Sunday. The post Where the Spot Silver Price Is Headed Now was originally published at The Wall Street Examiner. Follow the money!
So with a new U.S. President-elect, what will the Fed look like in the near future? The post Who’s On Deck at the Fed? was originally published at The Wall Street Examiner. Follow the money!
Betty Cracker: _[Update on Faces vs. Leopards]_: "This is one of my favorite tweets from the post-election period: >...Via TPM, we now have a (metaphorically eaten) face and name to attach to that sentiment: [Update on Faces vs. Leopards]:...Show More Summary
The unwillingness of David Brooks of the _New York Times_) and his ilk to tell their readers that Barack Obama was the centrist president they were looking for is one of the reasons we are in this mess--and one reason why, I think, David Brooks's career is now over: Jonathan...
This will be a light week for economic data.The key reports are the ISM non-manufacturing index, Job Openings, and the October trade deficit.The Q3 Quarterly Services and the Fed's Q3 Flow of Funds reports will be released this week....Show More Summary
Reacting to reports of cases where insurance covers an E.R. visit but not the doctor, resulting in big bills for patients.
(December 3, 2016 06:30 AM, by Alberto Mingardi) Tomorrow, Italians will go to the ballot, for a referendum on a constitutional reform promoted by the government led by Mr Renzi. The referendum is widely supposed to be liable--were the anti-Renzi side to win--to trigger financial turbulence. A... (0 COMMENTS)
The answer may not be as simple as readers were led to believe in a NYT article on the topic. The article explains several ways in which tariffs can be counter-productive. As evidence that tariffs tend to be net job losers, the article...Show More Summary