(May 25, 2017 01:57 PM, by Bryan Caplan) In the last two years, there's been an avalanche of news on the "rise of nationalism." I find this narrative deeply aggravating. My critics - even a colleague or two - say it's because I'm in denial over the painful... (1 COMMENTS)
(May 25, 2017 11:22 AM, by Alberto Mingardi) John Cochrane took part in a debate on Italy and the euro, hosted by Il Sole 24 Ore, Italy's premier financial daily. The debate was promoted by Luigi Zingales. Most of my friends thought it was not a great idea,... (2 COMMENTS)
The oil sector is buzzing with rumors at the moment, and, as usual, the financial news channels have absolutely no idea how to handle it. The post Make No Mistake: The Banks Are Manipulating Oil Prices Right Now was originally published at The Wall Street Examiner. Follow the money!
Today's Water Cooler: Montana race, Georgia race, "Pivot Counties," manufacturing, coincident indicators, pre-existing conditions, spam
Unintended self parody on health care...if only this were a joke.
Tim Duy: Fed Not Ready To Change Course, by Tim Duy: The minutes of the May Federal Reserve meeting reveal central bankers remained poised to raise interest rates again in June: With respect to the economic outlook and its implications...
I’ve written before about how inequality perpetuates itself through differences in confidence: people from rich backgrounds have the chutzpah to blag good jobs for which they are unqualified, whilst those from poorer backgrounds have confidence knocked out of them. However,...
Since 2000, political uncertainty has had a strong influence on market volatility in the US. Since Donald Trump became president, however, high policy uncertainty has not translated into high market volatility. Building on a theoretical...Show More Summary
Yet another European debt/austerity-induced game of chicken, this one of Catalonia v. Spain.
Trump seeks to deliver on another Koch Brothers pet idea: selling off part of the strategic petroleum reserve.
Why reporting by and about the State Department funded White Helmets needs to be taken with a fistful of salt.
PRESIDENTIAL budget requests are worth exactly nothing. They carry no force of legislation.
The economic effects of foreign direct investment are generally expected to be positive for the host economy. However, this is usually conditional on certain thresholds of development being met, for instance in terms of human capital or institutional quality. Show More Summary
The future of publicly funded welfare states is in doubt as costs trend upward, yet there is little agreement about the shape of the necessary reforms. This column uses the case of New Zealand to show how tax cuts can be designed toShow More Summary
Problems aren’t supposed to be always intractable, are they? It has gone on so long that maybe long ago memories of minor adjustments are a bit fuzzy, but seemingly no matter what over the last decade every that issue arises and is met...Show More Summary
Who said Donald Trump is a political amateur? With his first overseas trip as President, it looks like the Donald put 6,000 miles between himself and the entire budget enchilada. The post Trump’s Budget: All Hat, No Cattle was originally published at The Wall Street Examiner. Follow the money!
In Dow Jones news, the markets climbed as the Fed released the minutes from its May meeting. The post Dow Jones News Today: Stocks Climb Despite Inquiry into President Trump’s Loans was originally published at The Wall Street Examiner. Follow the money!
For once, it does seem like the FOMC was asking of its members the right question. They spent years incredulous over the lack of effect due to whatever of the multiple QE’s without changing expectations. No matter how little evidence...Show More Summary
Is gold a good investment to have in 2017? The post Is Gold a Good Investment in 2017? was originally published at The Wall Street Examiner. Follow the money!