Hey, What’d I Miss? OTE Summary, 6/11 – 6/17

June 17th, 2013 at 1:38 pm
  • Wondering, along with Paul K, if this is really a realistic time for a “grand bargain” budget deal.
  • Reviving an important graph from Fed Reserve governor Janet Yellen showing the current and historical impact on real GDP of fiscal stimulus or drag in recoveries.
  • Illustrating the corrosive linkage between higher inequality and diminished opportunity.
  • Questioning whether technology is blocking the path to full employment.
  • Highlighting Neil Irwin’s economic Heat/Spurs analysis: is the winning strategy arbitrage or “pass to the open guy?”
  • Discussing wealth effects — the changes to income and spending that occur when asset values go up or down — and home values.
  • Arguing that the assertion that we have a shortage of low-skilled workers is not the right defense of immigration reform.
  • Pointing to another call for full employment, this time from across the pond.
  • Showing that there’s really no wage inflation in this economy.
  • Differentiating between what it means to be a cyclical dove/structural hawk (CDSH) vs. a cyclical dove/structural dove (CDSD).
  • Rounding up some newsworthy items ahead of an appearance on MSNBC’s NOW! with Alex Wagner.
  • Laying out the ninth edition of Sequester Watch:  those who forget about sequestration are doomed to repeat it…

Music: this week’s Friday Musical Interlude featured the first movement of one of the pinnacles of human creation: Bach’s Italian Concerto, masterfully played by Alicia De Larrocha.

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