Making data talk
byIn order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display…
Ease this
by“There is no simple, painless solution. The world has to reduce debt, shrink the financial part of the economy, and change the destructive incentive…
It ain’t getting easier for central bankers . . .
byDoubts about post-crisis monetary policy are finding their way into the mainstream with increasing regularity. What tipped the balance? Two main things, I think….
On being an FOMC member
byIt’s easy to criticise the Fed for its failures, because its successes have been only one in number: kicking the can down the road….
David Stockman: The Apotheosis Of Bubble Finance
byThe inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a…
Investment sanity, shot through the heart
by“Protip: When someone uses the term ‘hoarding’ instead of ‘saving’, it means deep down they believe that others are more entitled to your money…
Drowning in debt
byCentral Banks are moving from quantitative to qualitative easing The spread between Investment Grade and Government bond yields is narrowing Issuing corporate debt rather…
China: something must burst
by“I know from a common sense financial standpoint that something has to burst. When a country is losing billions and billions and billions of…
Can surveys tell us where the economy is heading?
byTo gain an insight into future economic conditions, many economists follow a variety of consumer and business surveys. The rationale for conducting surveys…
Mission Creep – How the Fed will justify maintaining its excessive balance sheet
byFOMC have changed their normalizing strategy several times and we now see the contours of yet another shift. The Federal Reserve was supposed to…