As you’ve probably heard, the 2008 transcripts of the Federal Reserve Open Market Committee (FOMC) were released last week. They allow us to see for the first time what all the Big Thinkers thought about the financial crisis and housing … Continue reading
As should shock no one, Federal Reserve Raises Benchmark Rate as Inflation Approaches 2 Percent Target. As I’ve noted many times before, the 2 percent target is a joke. First, it is a number that Alan Greenspan pulled out of … Continue reading
You have to ask yourself: does the Federal Reserve still want to raise interest rates? On Monday, we got a devastating jobs report. In May, the economy created only 38,000 jobs. That alone makes it the weakest month in just … Continue reading
On this day in 1781, the Continental Congress adopted the Articles of Confederation. They were worthless. But you can see why conservatives love them. Basically, the combined government — the Confederation Congress — could ask for money from the states, … Continue reading
Timothy B Lee and Soo Oh are mostly right, We Just Got Some Really Great News About the Economy. I wouldn’t say “great news,” but the new jobs report is quite good news and the economic recovery keeps on keeping … Continue reading
Over at Mark Thoma’s indispensable Economist’s View is a sub-blog by Tim Duy, Fed Watch. Generally, it is too technical for me. But the other day, I was really struck by an article, Makes You Wonder What The Fed Is … Continue reading
On Friday, we got the new jobs report. Usually, I anxiously await the first Friday of the month, but I’ve gotten to see it as pointless. I want to see good numbers — for the economy to continue to create … Continue reading
On this day in 1777, the Continental Congress approved the Articles of Confederation. It took them 16 months to come up with that piece of crap. It just shows how little the colonies trusted each other. But over time, we … Continue reading
I hope you will forgive me for talking about monetary policy. But really, you should pay attention, because it is good for you, in a far more important way than Cymbeline. Tim Duy has a sub-blog over at Mark Thoma’s … Continue reading
I’ve already written an overview about all this nonsense, Trump’s Huge Tax Cut for the Rich — of Course. It turns out that Trump’s tax plan is just a bigger version of Jeb Bush’s. And Marco Rubio’s. Basically, Trump’s tax … Continue reading
Last night, I was reading Job’s Anger (as I do every night), and I came upon, Many of GOP Are Unconnected to Reality. It’s one of the great things that Ted does on the site: present and analyze polling data … Continue reading
I don’t understand the Federal Reserve. For at least the last year, economists everywhere have been wondering if the Fed is going to raise interest rates. You see, there are many people who are concerned about inflation. And they think … Continue reading