Those stalwart number crunching research economists at Goldman Sachs (i.e., not the traders) have a really interesting graph out this AM that packs in a ton of info on current growth pluses and negatives. The figure uses the Federal Reserve’s macro model (which is actually publically available now…and, yes, I will fire it up myself… Read more
There’s lots of interesting press following the Boston Fed conference on inequality of opportunity that I posted on last week. This AM, I’ve added something on a big question that hovers above this conversation: can the Fed do anything about inequality? My answer is a firm “yes!” over at PostEverything. BTW, in part due to… Read more
Just heard Fed chair Janet Yellen give this great talk on inequality of wealth, income, and importantly, opportunity. I’ll have more to say later, but do give this a read. Some points that jumped out to me: –It’s fundamentally important that she gave this speech, as it was when President Obama gave a speech elevating… Read more
What the heck is going on with the global economy? If you’ve been following news about things other than Ebola, you’ve likely picked up on the following: –New worries about the rate of global growth have led to all sorts of market volatility. –Declining rates of interest and inflation both here and in Europe reflect… Read more
Where the “hole” is wage stagnation. Over at PostEverything.