Pity poor New Hampshire: Manchester is at the heart of New Hampshire‘s opioid epidemic, which has first responders, lawmakers and health care administrators scrambling for solutions before the situation spirals further out of control. Show More Summary
(September 16, 2017 12:01 AM, by David Henderson) Over at Hit and Run, Reason's blog, Robby Soave, whose work I normally like a lot, laid an egg. His post is titled "The Real Boobs Are People Who Think ESPN Must Fire Jemele Hill." You can read his post,... (0 COMMENTS)
Most textbooks in social psychology teach students the idea that happiness and psychological wellbeing are essentially independent of age. Based on data on 1.3 million randomly sampled individuals across a large number of countries,Show More Summary
The classic rationale for flexible exchange rates was that policymakers would be unconstrained by currency targets. The Great Recession, however, saw numerous central banks constrained instead by the zero lower bound. This column considers which exchange rate regime is best for small open economies in a global recession. Show More Summary
(September 15, 2017 07:09 PM, by Alberto Mingardi) American threats often allow rather terrible regimes to flex their muscles and build up greater consensus. In Venezuela, the government held nationwide armed forces exercises on Saturday, calling on civilians to join reserve units to defend against a possible attack... (0 COMMENTS)
Hurricanes Harvey and Irma are so out of the news now that people not listening to the mold grow in their sweltering bedrooms probably think these events had something to do with the Confederate defeat. The post Dreamers Dreaming Dreams was originally published at The Wall Street Examiner. Follow the money!
The Federal Reserve has been jawboning their intent to unwind their almost $4.5 trillion balance sheet, nearly all of which is either Treasurys or mortgage-backed securities. The post Where’s The Unwind? Fed Actually Adds $15 Billion To Balance Sheet (As “Inflation” Remains Low And Home Prices Soar) was originally published at The Wall Street Examiner. Follow the money!
According to the Atlanta Fed, the GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 2.2 percent on September 15, down from 3.0 percent on September 8. The post Atlanta Fed’s Q3...Show More Summary
The sting of Bitcoin taxes await many a cryptocurrency investor next spring. The post Bitcoin Taxes Will Create Nightmares for Investors – What to Do was originally published at The Wall Street Examiner. Follow the money!
US Industrial Production fell -0.9% MoM in August, the worst decline since May 2009 during The Great Recession. The Federal Reserve blamed the decline on Hurricane Harvey. The post Industrial Production Falls -0.9% MoM In August (Worst Since May 2009), But +1.54% YoY [Hurricane Harvey?] was originally published at The Wall Street Examiner. Follow the money!
While Treasury supply is in the process of turning up after years of decline, Treasury demand continues to decline. Here’s what this means for your money. Treasury Pro Trader subscribers (or Professional Edition), click here to download the report. Show More Summary
(September 15, 2017 03:31 PM, by Scott Sumner) Lots of non-economists think that economics is just common sense. Not so. It's not common sense that imports help an economy, or that price gouging is good and rent controls are bad. And the field of taxation also produces lots... (0 COMMENTS)
For the Weekend: Stephen Vincent Benet: The Devil and Daniel Webster IV : "Well, Jabez told his family it was a lawyer, come to see him about a legacy... >...But he knew who it was. He didn't like the looks of the stranger, nor the way he smiled with his teeth. Show More Summary
From housing economist Tom Lawler: ACS-Based Household Growth Slowed Last Year: Homeownership Rate Estimate Up, But BarelyThe Census Bureau released the results of its 2016 American Community Survey, which provides a wide range of estimated statistics about people and housing. Show More Summary
???TODAY??? Bangor, Maine Meetup.
And now, moving from the twenty-first century back 2500 years to a much earlier age of information technology: John Ma —much peace and strength attend him!—reminds me of his "accessible edition of some letters of a member of the Achaimenid...Show More Summary
Paul Krugman: Politicians, Promises, and Getting Real, by Paul Krugman, NY Times: On Wednesday Donald Trump demanded that Congress move quickly to enact his tax reform plan. But so far he has not, in fact, offered any such plan... Meanwhile,...
Tim Duy: Fed May Have Too Much Faith in Inflation Forecasts, by Tim Duy: Despite a low unemployment rate, inflation slowed this year, confounding central bankers who set in motion a tightening cycle on the expectation of firming prices. This...
I'm trying to get my head straight on something. Macro farmboy lost in Urban Economics again. Read at your own risk. If immigration always increases real wages (or well-being), do we end up in a "corner solution", where everyone bunches...
This column was written and first published a week before Hurricane Harvey struck the US coast. – TH Who saw the global financial crisis coming, who didn’t and who deserved blame for the forecasting failure? After a decade of debating these questions, I wonder whether we shouldn’t be asking a different one: even if we […]