Archive for the ‘Financial Markets’ Category

It’s all connected…4 referrals from today’s papers.

August 19th, 2016

Three articles, one blog post. First, Dean Baker points to this great Bloomberg article by former Fed regional bank pres Narayana Kocherlakota (NK) on how, since black unemployment typical runs 2x the overall rate, Fed policy is especially consequential for them (and other minorities). It’s really just the old adage that when the economy sniffles, less… Read more

The dollar’s makin’ me holler, and other tales of the macro muddle

August 17th, 2016

Old gold bugs know the old plaint, “gold, gold, you’re makin’ me old.” Well, today’s version is “dollar, dollar, you’re makin’ me holler!” I’ll be brief—I’ve got something longer on this coming out soon—but I’ve been struck by both the recent jigs and jags in the dollar and other currencies. A central reason for those… Read more

House cleaning…and where’s Jared?

July 28th, 2016

Sorry, OTE’ers. I’ve been remiss. Not only have I failed to post much here of late, but I haven’t been providing links to posts I’ve placed elsewhere. EG, over at PostEverything: From today, a discussion about very recent wage trends. They’ve turned up due both to tighter job markets, a central prediction of so much… Read more

Share buybacks, our investment deficit, and bad tax ideas

July 13th, 2016

A quick note with more pictures than words. –Investment, both private business investment and public investment (infrastructure), have been weak of late. –In fact, as a share of GDP, business investment has consistently hit lower peaks over the last few business cycles. –Yet we know corporate profitability is high and the cost of capital is… Read more

References/Links to stuff you might like: recession, race, and trade

July 11th, 2016

First, the NYT’s Room for Debate series asks the important question: Are we ready for the next recession? As OTE regulars know, I say “no,” based on monetary policy, fiscal policy, and politics (otherwise, we’re fine…). I enjoyed other entries that stressed the importance of direct job creation programs, which make a lot of sense, especially… Read more