Archive for the ‘New Posts’ Category

Quick GDP point re 2016q1

April 28th, 2016

As expected, real GDP for Q1 came in at a suckingly low 0.5%, SAAR. In this case, “SAAR”– seasonally adjusted at an annualized rate”– is important. That’s because there’s some concern with the seasonal adjusters, which some argue are biasing Q1 down and Q2 up. Also, annualized quarterly changes tend to jump around. So a… Read more

The new age or the stone age: we either deal with the costs of trade or they deal with us

April 26th, 2016

Economist David Autor et al keep producing really important findings about the impact of trade on people and communities hurt by international competition. Their latest entry, on the connection between trade-induced job losses and political polarization, is written up in today’s NYT: “Cross-referencing congressional voting records and district-by-district patterns of job losses and other economic… Read more

The new fiduciary rule: strengths, limits, and politics

April 25th, 2016

OTEers know I’ve long been concerned about economic security in retirement among aging Americans whose limited earnings and savings threaten to generate inadequate income replacement rates once they’ve aged out of the workforce. That’s one reason for my frequent scribblings on behalf of the new “fiduciary rule,” limiting conflicts of interest among financial advisors providing… Read more