Archive for the ‘Economic Growth’ Category

When Minsky raises an eyebrow, I pay attention. So should you.

November 19th, 2014

The work of the late economist Hyman Minsky has become increasingly relevant in recent years, as his understanding of the fragility of financial markets and their role in bubbles and busts was both deep and prescient. Other economists generally viewed financial markets as playing not much more than an intermediary function, passively allocating excess savings… Read more

Our steady macro economy and what it means for the Fed

October 30th, 2014

The US economy expanded at a nice clip of 3.5% in the third quarter, according to this AM’s report from the BEA. That’s their advance guesstimate based on incomplete data so future revisions may wiggle about some, but it’s pretty consistent with what we expected. It’s also an annualized quarterly rate, whereas my readers know… Read more