What Economic Growth in the United States? And, in Europe?

Feb 1, 2012, 11:15 AM

The Congressional Budget Office (CBO) just released its forecast for economic growth and what it sees seems to differ substantially from what the Federal Reserve... Read »

Capitano Crunch: Europe’s Collapsing Monetary Aggregates

Feb 1, 2012, 10:58 AM

Here are some great pictures from Credit Suisse illustrating what’s happening in the European monetary sector.  The monetary aggregates have been collapsing at... Read »

Do Federal Workers Get Paid More Than Private Ones?

Jan 31, 2012, 11:56 AM

Yes, according to a new report by the Congressional Budget Office. As always in such comparisons, however, there are some caveats. CBO summarizes its main results... Read »

New Treaty, Same Old Flaws

Jan 31, 2012, 11:24 AM

The European Union member states (with the exception of the UK and the Czech Republic) agreed yesterday to a new Treaty on “Stability, Coordination and Governance”.... Read »

Where is the U.S. Consumer?

Jan 31, 2012, 10:05 AM

“Rising Income is Saved, Not Spent,” reads the Wall Street Journal Tuesday morning. “Personal income increased 0.5% in December from November adjusted for... Read »

ZIRP and Interest Income

Jan 30, 2012, 9:05 AM

Edward Harrison at Credit Writedowns describes the Fed’s zero interest rate policy as “toxic,” noting that it is a transfer from savers and fixed-income... Read »

The Germans Launch A Blitzkrieg on the Greek Debt Negotiations

Jan 30, 2012, 8:19 AM

News stories continue to suggest that Greece once again appears on the verge of reaching a deal with its private sector creditors on how much of a loss they would... Read »

Potential Fed QE3 Informing Anti-Dollar Trades

Jan 27, 2012, 10:58 AM

Let’s take note of two seemingly unrelated developments. The Fed is busying itself making noise about another round of quantitative easing. The intended market... Read »

International Capital Flows, House Prices, and the Euro

Jan 27, 2012, 10:20 AM

Free Exchange’s weekly reading list includes an excellent recent paper by Jack Favilukis, David Kohn, Sydney C. Ludvigson, and Stijn Van Nieuwerburgh: “International... Read »

U.S. Economic Growth Accelerates Modestly In Fourth Quarter

Jan 27, 2012, 10:13 AM

Another backward-looking economic report dispatched a fresh round of hope today for thinking that a new recession isn’t knocking on our collective doorstep.... Read »

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