Sovereign Debt Concerns in 2013

May 19, 2013, 6:27 PM

Interest rates on government debt for a number of European countries– notably Greece, Portugal, Ireland, Italy, and Spain– shot up considerably during... Read »

Obamacare Bulge?

May 19, 2013, 8:00 AM

The Congressional Budget Office put conservative economic thinkers on their ass this week. In this Report (pdf), the CBO concluded that the US budget deficit is... Read »

Europe is in Recession Because ECB Wants It

May 18, 2013, 3:57 PM

I am traveling today, so only have time to complain about some themes I keep coming across when reading the press and speaking to people out in the real world. No... Read »

Confidence Boom?

May 17, 2013, 6:45 PM

The early read on the Thomson Reuters/University of Michigan Consumer Sentiment index jumped to 83.7 in May, up from 76.4 in April.  Just a quick reminder before... Read »

Treasury Sec. Jack Lew on the IRS Controversy

May 17, 2013, 4:31 PM

On this week’s “Political Capital with Al Hunt,” airing tonight at 9:00PM/ET, Bloomberg TV anchor and Bloomberg View columnist Al Hunt interviews... Read »

No, It Looks Like the House Has Not Unintentionally Eliminated the Debt Ceiling After All

May 17, 2013, 12:22 PM

In my previous post I argued that, in passing H.R. 807 on May 9th, the House of Representatives might have unintentionally eliminated the debt ceiling “as a serious... Read »

Abenomics and the Supply of Safe Assets

May 17, 2013, 10:39 AM

One of the big challenges facing the global economy is the shortage of safe assets. These are the highly liquid, information-insensitive assets that function as... Read »

Did the House of Representatives Just (Unintentionally) Eliminate the Debt Ceiling?

May 16, 2013, 5:15 PM 1

My fellow NEP blogger Joe Firestone wrote recently about House Resolution 807, the Full Faith and Credit Act, which was passed on May 9th by the US House of Representatives. ... Read »

We See Bubbles Everywhere – PIMCO’s Bill Gross

May 16, 2013, 1:02 PM

PIMCO’s Bill Gross brought a smile face mug on Bloomberg TV’s “Market Makers” today to illustrate to Erik Schatzker and Sara Eisen how happy... Read »

Fed Watch: Dodged That Bullet

May 16, 2013, 12:51 PM 1

I was reading Robin Harding’s take on the possible nomination of Federal Reserve Vice Chair Janet Yellen for the top job at the Fed, and a chill went down... Read »

A Japanese Recovery?

May 16, 2013, 10:38 AM

Japan’s new GDP numbers look a bit puzzling: Japan’s economy expanded the most in a year last quarter as consumer spending and export gains outweighed the weakest... Read »

Industrial Output In April Slumps The Most In Eight Months

May 15, 2013, 11:15 AM

Industrial production fell more than expected last month, sliding 0.5% in April. That’s a bit deeper than economists projected, and it’s an even bigger drop... Read »

Fed’s Plosser on the Exit

May 14, 2013, 1:52 PM

As is well known, policymakers have been coalescing around a QE exit strategy for some time, since at least the March FOMC meeting.  Two central issues with the... Read »

Money, Taxes and What We Can Afford

May 14, 2013, 1:46 PM

People sometimes seem to suggest that the Western democracies are at the end of the road economically. They claim that these governments are spent, broke, tapped... Read »

Mr. President, End Debt Ceiling Hostage-taking for Good!

May 14, 2013, 6:57 AM

On May 9, 2013, The Republican House passed H.R. 807 the Full Faith and Credit Act. The Bill says in part: (a) In General- In the event that the debt of the United... Read »

Time Travel in Euroland

May 14, 2013, 6:45 AM

Unfortunately, this is not news by now, but the president of the Euro group, Jeroen Dijsselbloem in an interview with CNBC yesterday dismissed the role that fiscal... Read »

Detroit on the Ropes

May 13, 2013, 8:30 PM

Perhaps ranking as the least surprising revelation of the year, the Detroit emergency manager has reported that the city is bankrupt. “The City of Detroit continues... Read »

What Does Japan Mean for the Rest of the World?

May 13, 2013, 3:25 PM

Is Abenomics about boosting exports or domestic demand?  I tend to agree with Lars Christensen on this issue: There has been a lot of focus on the fact that USD/JPY... Read »

Consumer Spending Reveals No Signs of Rolling Off the Edge

May 13, 2013, 10:11 AM

Whenever a key economic indicator shows weakness in the latest monthly update, the usual worries arise. No explanation required in the current environment and so... Read »

End of QE may Occur this Year, Rate Hike Not Likely

May 13, 2013, 6:53 AM

Gavyn Davies at the Financial Times questions the Federal Reserve’s employment target: On the wider issue of general monetary policy, the behaviour of inflation... Read »

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