Archive for the ‘Financial Markets’ Category

What’s holding back US GDP? (hint: it’s not the Fed rate hike)

December 21st, 2015

The US economy is posting solid numbers in important places: GDP is consistently growing around a trend of slightly north of 2 percent, we’re adding around 200,000 jobs per month, which is more than enough to put downward pressure on the remaining slack in the job market. It’s true that wage growth and especially inflation… Read more

Here’s why we need the “conflict of interest” rule and why journalists need to report on it.

December 11th, 2015

The NYT has a great piece on a whistle-blower at JP Morgan, who tried to blow the whistle on financial advisers that were putting their own interests ahead of their clients. Yet somehow, the piece fails to mention the Obama administration’s proposed conflict of interest rule, designed to address precisely this problem. That omission is particularly… Read more

“What It’s Worth:” Strengthening the financial health of families and communities

December 10th, 2015

I recently contributed a chapter to this book “What It’s Worth” on ways to strengthen the financial well-being of families and communities that are too often left behind in opportunity-zapping ways. Some of these economic barriers relate to jobs, wages, and incomes, but a lot of them derive from lack of access to credit markets,… Read more

When safety gets dangerous. Book review of Foolproof, by Greg Ip.

December 10th, 2015

[What with the holiday season upon us, perhaps you’re looking for economic books for someone who likes that sort of thing, or, passively aggressively, for someone who doesn’t. Either way, I’ll try in the next few days to scratch out reviews of some of the econ-related books I enjoyed this year, starting with this great… Read more