Money & Markets
The Fed has finally woken up to the real danger facing the economyThe bigger threat to the US economy is deflation, not inflation. And the Fed seems to have woken up to that fact.
Updated July 21, 20222 min read
The bigger threat to the US economy is deflation, not inflation. And the Fed seems to have woken up to that fact.
Jack Bogle has won.
As a share of GDP, US personal consumption accounts for roughly 70%.
G-20 Q4:
It’s the only sensible choice.
If the US were one giant household, it would be an incredibly rich one.
There’s no secret behind America’s groundswell of support for Donald Trump, the political outsider whose bid for the Republican presidential nomination threatens rip the party of Lincoln asunder. Trump supporters—who pushed him to victory in key Republican nominating contests in Mississippi and Michigan on Tuesday—are disproportionately older whites without college diplomas.
Economist Robert Gordon has spent his career studying what makes the US labor force one of the world’s most productive.
Global markets expect the Chinese government to dig into its deep pockets once again for another round of stimulus spending.
It’s true. The February jobs report was good. More jobs (242,000) were created than were expected (195,000).
It’s that time.
For the record, the most heavily unionized private industry in the US also raked in some of the best pay increases last year.
Branko Milanovic looks at the big picture.
China may soon have a rust belt of its own.
Negative interest rates used to be a thought experiment for economists.
America’s largest home improvement chain just reported its best quarterly sales performance since Superstorm Sandy slammed New York and New Jersey in 2013, prompting a surge of rebuilding activity.
Nobody seems to know where the US economy is going.
After the Great Recession, central banks undertook extraordinary efforts, but with un-extraordinary results.
Quick refresher: Under US law, the Fed essentially has two jobs, the famous “dual mandate.” It’s supposed to both maximize employment and keep prices stable. Over time the stable prices bit has come to mean an inflation rate of around 2%.
If you lend somebody money, they have to pay you back with interest.
It’s finally happened.
Let’s do it.
Germans received a nice raise last year.
There’s that word again.