Archive for the ‘Financial Markets’ Category

The Fed, full employment, African-Americans, and an event that brings it all together

March 3rd, 2015

As a tireless (some would say tiresome) advocate for full employment and the benefits it yields for working people, you can imagine how I was thrown by this NYT headline over a piece by economics reporter Bin Appelbaum: Black jobless rates remain high, but Fed can’t do much to help. “Shots fired!” as the kids… Read more

A currency chapter in the TPP will not diminish our Fed’s independence

March 3rd, 2015

Members of Congress and interested observers have advocated adding a chapter to the Trans Pacific Partnership trade deal (TPP) that takes action against trading partners who manage their currencies to subsidize their exports to us and tax our exports to them. An often heard argument against this idea is that it would put our own… Read more

Systematically over-predicting interest rates…why and what does that portend?

February 23rd, 2015

Over at the Upshot, but here’s the key figure which tells a heckuva story. Typically, forecasts that continuously err on one side versus more random error suggest there’s a structural change in the economy that’s left out of the model.   Plus, you gotta love the Queen Elizabeth anecdote and picture. Not to be rude,… Read more

A few different articles that caught the eye in recent days…

February 11th, 2015

–Teresa Tritch, with characteristic efficiency, nails the essentials of the building Greek/German showdown, emphasizing the critical point that this isn’t a simple story of virtuous lenders and profligate borrowers. Both sides swam in de-Nile since Greece entered the eurozone, and now that the implosion has occurred, the Greeks cannot be the only ones to shoulder… Read more