The outgoing German finance minister, Wolfgang Schäuble, has recently expressed concerns about the risks posed to the world economy by high levels of debt. This column presents the latest Centre for Macroeconomics and CEPR survey ofShow More Summary
The uptrend slowed to a crawl last week. It is testing a thick support band. Here’s where it’s probably headed and how to trade it. Includes daily trades list update. New buys, sells, short sales, cover shorts, and updated stops. Market Update Pro subscribers click here to download the report. Show More Summary
(October 15, 2017 10:29 PM, by David Henderson) On October 5, Kevin Hassett, the new chairman of President Obama's Council of Economic Advisers, gave an excellent talk at the Tax Policy Center. The topic was taxes and economic growth. The transcript of the talk is here. The video... (0 COMMENTS)
Weekend:• Schedule for Week of Oct 15, 2017Monday:• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for October. The consensus is for a reading of 20.0, down from 24.4.From CNBC: Pre-Market Data and Bloomberg futures:...Show More Summary
Why health care sabotage makes me worry about NAFTA.
Donald Trump has justified his decision to ending a subsidy for insurers providing improved coverage for moderate income households by saying that he wanted to end subsidies for insurers. Actually, because insurers are required under...Show More Summary
The Washington Post had a lengthy piece on the intense lobbying efforts by the pharmaceutical industry, along with retail drug store chains, to block legislation that would have imposed stronger penalties for improperly prescribing and distributing opioids. Show More Summary
From Fed Chair Janet Yellen: The Economy and Monetary Policy. A few excerpts on inflation: Inflation readings over the past several months have been surprisingly soft, however, and the 12-month change in core PCE prices has fallen to 1.3 percent. Show More Summary
American society is embracing its inner empire. Eventually, its long reach may come for us all.
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My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The biggest UK economic news this week came from an unusual source. When the Office for Budget Responsibility (OBR), reviews its own forecasts, as it does...
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A large portion of international income differences remains poorly understood. It is traditionally attributed to cross-country differences in total factor productivity, which cannot be measured directly. This column argues that the importance...Show More Summary
I recently heard someone say “A disadvantage of prediction markets is that they don’t explain their estimates.” I responded: “But why couldn’t they?” That feature may cost you more, and it hasn’t been explored much in research or development. But … Continue reading ?
A crib sheet for the tax "reform" debate.
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The financial media are trying to turn the search for a new potential Fed chair into a horse race of some kind. We'd tell you who we think will win, but the truth is, it doesn't matter. The post Why It Doesn’t Matter Who the Next Fed Chair Is was originally published at The Wall Street Examiner. Follow the money!
In stark contrast to the fanatical gathering on the opposing side of the field, not a single central banker was spotted on the bond bears’ sideline. The post Doug Noland: Arms Race was originally published at The Wall Street Examiner. Follow the money!