BoJ On 2.3%: ‘the decline in the unemployment rate is insufficient’
The 21st century central banker is a unicorn chaser. This has happened by default, a product of too little success despite ever-increasing interventions. In fact, the bigger these policy intrusions become the more likely it [...]
Frozen In Time, The Wrong S-Curve
As usual, Paul Krugman starts out with a serious attempt at answers before detouring into his current profession. Dr. Krugman used to be an Economist, and a pretty good one too (for whatever that’s worth). [...]
Big China Change(s): We Are All Losers In The End
Since December 2015, China’s powerful politburo has met nine times to discuss the economy. The Political Bureau of the Chinese Communist Party Central Committee is a group of 25 top officials who control pretty much [...]
If You Think Trump and Powell Aren’t Getting Along…
If you think President Trump is upset with Federal Reserve Chairman Jay Powell, you should see what’s going on in India. Central bankers had been every government’s close friend for years; a decade even. The [...]
The Nothing of US Trade
US imports rose sharply (seasonally-adjusted) in September 2018 over August. Both with and without petroleum, the year-over-year gains (unadjusted) were about 9%. September, however, will be the last month of favorable comparisons. Over the next [...]
Living With Nothing; Or, ‘If You Don’t Like This One Nothing Is Going To Make You Happy’
On December 5, 2014, the Bureau of Labor Statistics (BLS) reported that in the month of November 2014 nonfarm private payrolls had surged by +321k. Typically bureaucratic, the introduction to the report was unusually blunt. [...]
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