Archive for the ‘Financial Markets’ Category

ICYMI–WaPo posts

May 22nd, 2017

First, Trump’s first full budget is out tomorrow and man, what a mess. Just a massive shift in resources from the poor and middle class through vicious spending cuts to the wealthy in tax cuts. And partially “paid for”–those scare quotes are very important–by a bullsh__ growth assumption of 3%. It’s standard issue, Ryan’esque fare,… Read more

It’s all connected…4 referrals from today’s papers.

August 19th, 2016

Three articles, one blog post. First, Dean Baker points to this great Bloomberg article by former Fed regional bank pres Narayana Kocherlakota (NK) on how, since black unemployment typical runs 2x the overall rate, Fed policy is especially consequential for them (and other minorities). It’s really just the old adage that when the economy sniffles, less… Read more

The dollar’s makin’ me holler, and other tales of the macro muddle

August 17th, 2016

Old gold bugs know the old plaint, “gold, gold, you’re makin’ me old.” Well, today’s version is “dollar, dollar, you’re makin’ me holler!” I’ll be brief—I’ve got something longer on this coming out soon—but I’ve been struck by both the recent jigs and jags in the dollar and other currencies. A central reason for those… Read more