Geoff Orwell sent me the following: The idea that monetary policy could use derivative markets to pursue its objectives has appeared in the literature 3) but has very seldom found application. The need to find new tools for the intractable problem of unanchored inflationary expectations could now provide the incentive to test the idea in […]
Here’s Ezra Klein on the recent debate: Here is the conventional wisdom about last night’s presidential debate, as I understand it. Hillary Clinton won in a rout, but that’s largely because Donald Trump flagged after an excellent first 30 minutes in which he hammered away at his strongest issue: trade. “Donald Trump won the first […]
Their ongoing regional rivalry stands in the way of an agreement to cut production aimed at bolstering oil prices
This was released last week by the ATA: ATA Truck Tonnage Index Jumped 5.7% in AugustAmerican Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 5.7% in August, following a 2.1% decline during July. Show More Summary
A Georgia Tech computer science program at drastically reduced prices could change the way we think about the problem of college costs.
On September 21, 2016 (last than a week ago), Bloomberg has this headline: “BOJ Shifts Policy Framework to Targeting Japan’s Yield Curve. The post My Kuroda! Bank Of Japan’s Targeting Of Yield Curve Goes The Wrong Way was originally published at The Wall Street Examiner. Follow the money!
By James Kwak Last week, Council of Economic Advisers chair Jason Furman took to the Washington Post to announce that President Obama has “narrowed the inequality gap. The post Is Inequality Rising or Falling? was originally published at The Wall Street Examiner. Follow the money!
The Census Bureau reported that median income jumped 5.2% last year. As I pointed out last week, that’s a solid increase, but... The post Income was Too Good to be True was originally published at The Wall Street Examiner. Follow the money!
Most of the 90 minutes last night was a waste—with both candidates lobbing well-worn clichés, slogans and sound bites at the audience and each other. But there was one brief moment that made it all worthwhile. That was when Donald Trump...Show More Summary
James Fallows: _[Trump Time Capsule #108: Bush, Fahrenthold, Kagan]_: >A four-month-old article... by Robert Kagan... [with whom] I disagree... on just about everything... >But in the months since he originally published his essay, called “This Is How Fascism Comes to America,” I think his arguments have come to seem more...
August’s durable goods report slipped from July’s reading, mainly due to the volatile commercial aircraft category
The struggling German bank’s move to sell a subsidiary and vows to not seek government support have stabilized the stock
Earlier this month, regulators fined Wells Fargo $185M, charging that some of the bank's employees opened unauthorized accounts
The establishment types are pulling out all the stops in trying to resuscitate the Trans-Pacific Partnership. Hence we get a report from the OECD on the declining in the growth rate of world trade and a front page article highlighting the report in the Washington Post. I haven't read the report carefully, but it is worth making two quick points. Show More Summary
SABMiller’s $100 billion takeover of AB Inbev -- and the creation of a behemoth -- is now set to become final on Oct. 10
Wall Street looked set to for a quiet open: Both Dow and S&P 500 futures were nearly unchanged
While still new to this game, they appear to be listening to wise counsel and are making some smart moves already
A commenter on a previous post asks: why is immigration such an obsession on the left? To answer this question, let’s first note that the free market right should be strongly opposed to immigration controls. This is simply because immigration...
One former employee at Chase Bank says he was pressured to meet sales targets in order to avoid getting fired, even if that meant opening questionable accounts