Archive for the ‘Financial Markets’ Category

Cantor and Crony Capitalism

June 15th, 2014

It’s both easy and tempting to over-interpret Rep. Eric Cantor’s historical primary loss. I’m not a political pundit, but surely one of the main lessons was the very prosaic: “don’t neglect your district.” Beyond that, one interesting issue to come out of Cantor’s totally unexpected defeat is the feasibility–or lack thereof–of the delicate dance the… Read more

Damn the Dysfunction: Let’s Talk Policy Reform!

June 13th, 2014

We’re apparently more ideologically divided than ever, politics remain horribly gridlocked, there’s deep confusion about where the economy’s headed…so what better time to trot out an ambitious policy agenda?! Obviously, there’s a selection bias in play, but everywhere I turn these days, people are asking me (and, I presume, others like me): what should we… Read more

What Took You So Long?

June 7th, 2014

As predicted, there’s a fair bit of kvelling over the fact that payrolls last month finally recovered the almost nine million jobs lost in the GR (great recession).  The figure below, by my CBPP colleague Chad Stone, shows the comeback, but more important from the perspective of this post, the pronounced difference in length it… Read more