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Category Archives: Economics
Terminal Velocity (9) – “Helicopter Take-off”
Written by Adam Whitehead, KeySignals.com From Terminal Velocity (3) – “The Pyramid Scheme”[i]: Reading between the lines, it is clear that the Fed intends to maintain a large balance sheet of assets for some time; even after interest rates have … Continue reading
Posted in Economics, Federal Reserve, macroeconomics, money, money and banking
Tagged Adam Whitehead, BEA, China, consumer confidence, Economy, Federal Reserve, GDP, inflation, recovery
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Japan: Exporting Deflation
by John Mauldin, Thoughts from the Frontline The evils of this deluge of paper money are not to be removed until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested … Continue reading
Posted in Economics, Government, Japan, Trade Data, macroeconomics, money, money and banking, stock markets
Tagged consumer confidence, Economy, exports, GDP, industrial production, inflation, Japan, John Mauldin, recovery, trade balance
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Economic Zeitgeist
The Ideology to End Ideologies – A Response to Corey Robin on Nietzsche, Hayek, Mises, and Marginalism by Philip Pilkington This article was first published by Naked Capitalism (May 13, 2013) Editor’s Note: Econintersect considers this a fundamentally important discussion … Continue reading
Self-defeating Austerity Shocks
by Reda Cherif and Fuad Hasanov, Voxeu.org This article was originally published by Voxeu.org (May 3, 2013) Europe’s austerity-first approach has triggered research-based efforts to evaluate the effectiveness of debt-reduction strategies. This column, based on a US empirical study, suggests … Continue reading
Posted in Economics, International Economic data, macroeconomics
Tagged austerity, consumer confidence, Economy, Federal Reserve, Fuad Hasanov, GDP, inflation, recession, recovery, Reda Cherif
1 Comment
Retail Sales Stay Right on Trend but Economists Get It Wrong Again
by Lee Adler, Wall Street Examiner Retail sales grew modestly and on trend in April. There was no evidence of either a slowing economy or one that is overheating and about to cause conventional inflation measures to move higher. At … Continue reading
Posted in Economics, Retail & Business Sales, macroeconomics
Tagged consumer confidence, CPI, Economy, Federal Reserve, gasoline, GDP, Lee Adler, retail sales, trade balance
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Investment and Consumption
by Michael Pettis, China Financial Markets I have been arguing for several years that once China begins the adjustment process, which I expect to characterize the ten-year period of the current administration, growth rates must slow significantly. My expectation for long-term growth … Continue reading
Posted in China, Economics, macroeconomics
Tagged China, consumer confidence, Economy, Federal Reserve, GDP, inflation, michael pettis, PPI, recession, recovery
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Austerity and Growth Perspectives: Europe, the IMF, China, and the US
Written by Elliott Morss, Morss Global Finance Introduction Over the last two decades, the trade-offs between more rapid economic growth and the need for governments to keep their financial houses in order has been a topic of worldwide debate. Controversy … Continue reading
Posted in China, Economics, Eurozone, GDP, International Economic data
Tagged China, consumer confidence, Elliott Morss, employment, Federal Reserve, GDP, inflation, recession, recovery
1 Comment
Savings and Investment: Sorting Out Confusion Over Definitions
A Bit More on Savings and Investment by Steve Randy Waldman, Interfluidity.com Steve Roth (1, 2), Scott Sumner (1, 2, 3), Bill Woolsey, and Matt Yglesias have been debating questions of saving versus investment and paradoxen of thrift. See also … Continue reading
Posted in Economics, Taxation, macroeconomics, money
Tagged consumer confidence, Economy, GDP, inflation, private savings, recovery, savings and investment, Steve randy Waldman
2 Comments
Public Debt and Economic Growth, One More Time
by Ugo Panizza and Andrea F Presbitero This post was originally published by Voxeu.org The very public Rogoff-Reinhart kerfuffle has focused on what is not true. This column reviews the evidence on what is true. It suggests that the debt-growth … Continue reading
Posted in Economics, Government, macroeconomics, money
Tagged Andrea F Presbitero, economic development, economic growth, Economy, GDP, public debt, Ugo Panizza
1 Comment
Everyone’s Missing the Bigger Picture in the Reinhart-Rogoff Debate
by Washington’s Blog, Washington’s Blog The “Excel Spreadsheet Error” in Context You’ve heard that an incredibly influential economic paper by Reinhart and Rogoff (RR) – widely used to justify austerity – has been “busted” for “excel spreadsheet errors” and other … Continue reading
Posted in Economics, Federal Reserve, Government, money
Tagged consumer confidence, Economy, Federal Reserve, GDP, inflation, ponzi finance, private debt, recession, Washington’s Blog
2 Comments
Feedback Loops, Delusions and Crises
by Michael Pettis, China Financial Markets Early this month Martin Wolf had another of his very interesting articles, this time on China, which I think suggests some of the concerns we must have about the upcoming adjustment. Wolf argues that it … Continue reading
Posted in China, Economics, Eurozone, money
Tagged China, consumer confidence, Economy, GDP, michael pettis, world economy
1 Comment
Terminal Velocity (6) Update – “Flying Blind, On Fumes, With No Pilot”
Written by Adam Whitehead, KeySignals.com In Terminal Velocity (4)[i], the possibility and conditions precedent for the “Helicopter” to land at Jackson Hole were discussed. The specific landing conditions were identified in Terminal Velocity (5). These conditions were observed as a … Continue reading
Posted in Economics, Federal Reserve, macroeconomics, money
Tagged Adam Whitehead, consumer confidence, Economy, Federal Reserve, GDP, home sales, housing, inflation, recession, recovery
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Which Comes First: Good Governance or Development?
by Edvin Arnby Machata This article was originally published by Institute for Advanced Development Studies with spelling of the author’s name corrected in this update. The international development community has for almost two decades focused on improving governance as a … Continue reading
Posted in Economics, Government, macroeconomics
Tagged Economy, education, Edvin Arnby Machata, GDP, governance, international data
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Making The Case Against Austerity
by Stephanie Kelton This article was originally published in New Economic Perspectives Neil Irwin at Wonkblog has a new post up: The Deficit is Falling Fast. Can Washington Accept Victory? He quotes John Makin of the American Enterprise Institute, who says, … Continue reading
Posted in Economics, Government, Taxation, macroeconomics, money
Tagged consumer confidence, Economy, Federal Reserve, GDP, health care, inflation, recession, recovery, Stephanie Kelton
3 Comments
Is the Federal Reserve Breeding the Next Financial Crisis?
by Ambrogio Cesa-Bianchi and Alessandro Rebucci This article was originally published in Voxeu.org Many economists think that the US Federal Reserve’s loose monetary stance in the 2000′s fueled the US housing bubble. Is the Fed thus responsible for the Global … Continue reading
Posted in Economics, Federal Reserve
Tagged Alessandro Rebucci, Ambrogio Cesa-Bianchi, consumer confidence, Economy, Federal Reserve, GDP, home sales, housing, recession, recovery, Voxeu
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Hume on Microfoundations of Macroeconomics
by Dirk Ehnts, Econoblog101 So-called micro-foundations of macroeconomic models means that agents in the model always use some sort of optimization given the state of variables in the economy. A case in point is the consumption function. Keynesian normally say … Continue reading
Posted in Economics, Personal Income and Consumption, macroeconomics
Tagged Dirk Ehnts, Economy, employment, Federal Reserve, GDP, inflation, unemployment
1 Comment
Why Doesn’t IMF Track Inflation for the Eurozone?
IMF Says Inflation Likely to Remain Stable – What About the Eurozone? by Dirk Ehnts, Econoblog101 The latest IMF Survey has this to say: Inflation barely budged during Great Recession despite rising unemployment Independent central banks reduce risk that policies … Continue reading
Posted in Economics, macroeconomics, money
Tagged consumer confidence, Dirk Ehnts, ECB, Economy, Federal Reserve, GDP, inflation, recovery
1 Comment
Comparing Unemployment During the Great Depression and the Great Recession
by William K. Black, New Economic Perspectives Barry Eichengreen’s and Tim Hatton’s January 1988 paper entitled “Interwar Unemployment in International Perspective” is a useful starting point for any effort to compare unemployment during the Great Depression and the Great Recession. … Continue reading
Posted in Economics, Employment, Eurozone, UK, macroeconomics, money
Tagged Economy, employment, Federal Reserve, Great Depression, recession, recovery, unemployment, William K. Black
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Retail Sales Rebound in March after Weak January-February
by Lee Adler, Wall Street Examiner The headlines and mainstream media stories on retail sales were hysterical and misleading as usual, thanks again to screwy, fictitious seasonally adjusted data. “Retail Sales in U.S. Dropped in March by Most in Nine … Continue reading
Inequality – Both Economic and In Access to Liberty and Justice – Skyrockets to Historic Levels
by Washington’s Blog, Washington’s Blog Poverty Spikes In America … While the Government Throws Money at the Super-Elite AP reports that the U.S. is seeing the highest spike in poverty since the 1960s, and notes: According to a report by … Continue reading
Posted in Economics, Employment, money
Tagged Economy, Federal Reserve, GDP, inequality, personal income, Washington’s Blog
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