[Well, with respect for my former neighbors up in Manhattan where the snow sounds really bad, down here in the mid-Atlantic region, it looks like someone dumped a bunch of powdered sugar on my lawn. Very pretty.]
Politico asked a bunch of us econo-types to hold forth a bit on what to expect in 2014. I don’t think you can link to individual entries, but I’ve got one in there. Others worth giving a look at include:
Robert Reich on why you should expect much less of an equity market melt-up this year compared to last.
Dean on why we mustn’t ignore the damage from the trade deficit.
Jeff Frankel on diminished fiscal drag (though he neglects to mention the failure to extend UI, which goes the other way).
BTW, back to the snow and NYC for a moment, the NYT has a editorial today about Mayor Bill de Blasio’s inaugural address. I haven’t said enough here about the central role of inequality in his campaign and platform; I’ll correct that in the future. I know there is a substantive critique that because some the causes of rising inequality are global, there’s little a mayor can do about them. That makes some sense of course, but I think it’s wrong. I’ve got high hopes for da new mayor.
That said, I thought this line from the NYT’s editorial nicely summed up his multiple challenges:
Everyone in the city should be looking forward to his efforts to give a voice to the voiceless, to ease the suffering of the poor, and to increase opportunities for all…After, of course, he handles this week’s snowstorm.