Archive for the ‘New Posts’ Category

Parsing the Fed

July 30th, 2014

Fed porn. That’s what a guy I know who covers the Fed calls minutiae of the type I’m about to share with you. So be forewarned, but tracking the entrails of statements by the central bank is an occupational requirement. It’s also made a whole lot easier by the Wall St. Journal’s Fed tracker, which allows… Read more

Manic Depression and GDP

July 30th, 2014

Running to a meeting so more to come on this later in the day, but the strong bounceback in Q2 GDP to 4% confirms that the -2.1% (as revised) in Q1 was the outlier we all thought it was. For now, my only point is this. Let us not flip from “we’re going down!” to “we’re… Read more

Financial Market Oversight, Economic Recoveries, and Full Employment: Some Crucial Linkages

July 29th, 2014

“The way to make a train go fast is to keep it from going slow.” That bit of Zen was told to me by one of the nation’s foremost rail experts back when I worked on that issue.  He was explaining that part of developing a high-speed rail system entails straightening out existing curves in… Read more