Tim Duy
Tim Duy's Latest Articles | 39
Real Personal Income Less Transfer Payments
Calculated Risk directed us to a lesser know economic indicator, real personal income less transfer payments, a measure intended to strip out some of the impact... Read »
Is the Fed Eager to Dismiss Deflationary Pressures?
My attention this morning was drawn to the inflation numbers in the January Personal Income and Spending release, specifically the recent downward trend in core... Read »
Fed Watch: Devil’s Advocate
Commentators, including myself, have been critical of a Federal Reserve policy stance that appears to place uncertain inflation concerns ahead of a very real unemployment... Read »
Fed Watch: Dissent
The FOMC statement contained a mini-bombshell, the dissent of Kansas City Fed President Thomas Hoenig. I am skeptical, however, that this dissent is a significant... Read »
It’s Not About Interest Rates Yet
Incoming data continue to support expectations that the Federal Reserve will hold rates at rock bottom levels for the foreseeable future – likely into 2011.... Read »
Fed Watch: Out of the Gate with a Bang
If you were looking for a final, cataclysmic collapse of the US economy, you remain disappointed. To be sure, the fallout from the financial crisis is severe,... Read »
Why Christmas Eve?
One would think that policymakers would treat the day before Christmas as sacrosanct, if not for the sake of their employees, but to avoid the endless conspiracy... Read »
Fed Watch: Cyclical and Structural Dynamics
For several months, I have been telling stories that decompose US economic activity into what I think of as cyclical and structural dynamics. I believe the distinction... Read »
Fed Watch: Bubbles and Policy
The Wall Street Journal carried a front page article today detailing changing views at the Federal Reserve regarding the policy treatment of emerging bubbles of... Read »
Ahead of Black Friday
We are embarking once again into that time of the year when reporters around the world become entranced and enthralled with that orgy of consumerism that defines... Read »





