Big Mess in Italy

December 4th, 2016
in eurozone and euro

by John Mauldin, Thoughts from the Frontline

“Move to Italy. They know about living in debt: They don’t care.”

– John Lydon

“Italians were eating with a knife and fork when the French were still eating each other.”

– Mario Batali

deli.bar.380x219

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Are You Feeling the Economic Surge?

Written by

Wow. According to the headlines the USA economy in the third quarter has surged to 3.2% growth. Hope you are feeling it!

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Proud to Be a Nihilist: Bill Mitchell on Econometrics and Numerical Prediction

December 3rd, 2016
in macroeconomics

by Philip Pilkington

Fixing the Economists Article of the Week

Someone said to me a while back:

“Phil, you are always railing against econometrics but some of the MMT guys and quite a few Post-Keynesians maintain that these techniques are useful and valid”.

I recognise this fully well actually. It preoccupies me perhaps more than it should. Indeed, Post-Keynesians are using econometrics with increasing frequency — and at the very same time they are becoming increasingly interested in highly abstract modelling. I’m not a big fan of this trend as readers of this blog will probably have guessed.

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Fixing Obamacare – Why It Won’t Be Easy

December 2nd, 2016
in uncategorized

by Elliott Morss, Morss Global Finance

Introduction

In the run-up to the election, Trump and Congressional Republicans emphasized that the first order of business would be to get rid of Obamacare. They pointed to the premium rate jumps announced for the current year and those projected for next year as indicated I the following table.

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Adjustments to 3Q 2016 GDP Include Increased Consumer Spending

November 30th, 2016
in consumer metrics institute, gdp

by Rick Davis, Consumer Metrics Institute

BEA Estimates 3rd Quarter 2016 GDP Growth to be 3.15%:

In their second estimate of the US GDP for the third quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the growth rate was +3.15%, up +0.24% from their previous estimate and up +1.73% from the prior quarter.

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