It Is Never Too Late: Global Economic Collapse Edition
The global economy appears to be headed over cliff this year. The emerging world is experiencing a significant economic slow down, the Eurozone will probably... Read »
More Evidence on What Is Holding the Economy Back
Milton Friedman’s “plucking model” should be back in fashion now because it reminds us of the historical fact that throughout American history—until now—the... Read »
There is No Debt Crisis in Europe–it’s a Monetary Crisis
I stole the title of this post from a PowerPoint slide that Lars Christensen sent me. Perhaps there’s a bit of hyperbole there, but it reminded me of my research... Read »
Car Sales Account for Half of U.S. Economic Growth
Car sales that are running at the fastest pace in four years are poised to reverberate through the world’s largest economy as a spillover into production, profits... Read »
A Question of Timing: What America Can Learn from the Revolt in Europe
Who’s an economy for? Voters in France and Greece have made it clear it’s not for the bond traders. Referring to his own electoral woes, Prime Minister David... Read »
Drill Away the Trade Deficit
The debate about domestic drilling has focused on the effect on the price of oil. But even if American domestic energy production doesn’t reduce oil prices much,... Read »
Is That A Recession Or Just More Slow-Growth Turbulence?
The Economic Cycle Research Institute last week repeated its forecast that the U.S. is headed for a new recession, a prediction that the consultancy has been emphasizing... Read »
“Obviously” the Fed will Never Run Out of Ammunition
Here’s Ben Bernanke in 1999: The important question, of course, is whether a determined Bank of Japan would be able to depreciate the yen. I am not aware of any... Read »
Labor Force Nonparticipants: So What are They Doing?
As Dave Altig, Atlanta Fed research director, pointed out earlier this week in this blog post, there is a great deal of interest these days in the labor force participation... Read »
What is a “Responsible” Homeowner?
Many American families bought their homes at or near the peak of the house price boom. “Through no fault of their own” (individually, not collectively),... Read »






