Who is right about the equilibrium interest rate?
The equilibrium real interest rate continues to lie at the heart of discussions about economic policy in the US and elsewhere. Ben Bernanke has written that the equilibrium rate, and…
USD firms, Loonie churns and Cable in knots
The Loonie has soared and sunk in a loopy FX session dominated by US dollar moves vs the majors.
Economic policy in Japan: End of the affair
UK Only Article: standard article Issue: What does Hillary stand for? Fly Title: Economic policy in Japan Rubric: The government of Shinzo Abe is increasingly at odds with the central…
A thought on GE’s opting out of the Finance Business
Paul Krugman writes about GE’s announcement to get out of the finance business. Why are they getting out? Financial reform from the Dodd-Frank legislation that includes “greater oversight, higher capital…
Money talks: February 24th 2015: To hike or not to hike?
THIS week our correspondents discuss the latest developments in Greece's euro zone bail-out negotiations and Janet Yellen's testimony to Congress Comment Expiry Date: Wed, 2015-03-11 <div class="og_rss_groups"></div>
Corporate Profits
Yes I am playing with FRED. My thoughts about the graph after the jump. First isn’t that a long name for a time series ? Profit measurement is controversial. Non-accountants…
How ‘patient’ is Yellen?
When Federal Reserve chairwoman Janet Yellen gives evidence to the Senate Banking Committee on Tuesday, she has an opportunity to speak above the heads of the financial markets to Congress…
The Fed’s global responsibilities
When the Federal Reserve starts to raise US interest rates later this year, there will be a major shift in the global monetary regime. Although San Francisco Fed President John…
Greek Deal
I am trying to understand what, if anything, was agreed by Greece and the rest of the EU yesterday. I’m not sure they even agreed to kick the can down…
Fannie Mae and Freddie Mac: Never been better
UK Only Article: standard article Fly Title: Fannie Mae and Freddie Mac Rubric: America's mortgage-insurance giants are making bigger profits than before the crisis Byline: C.R. & T.E. Location: LONDON…
Shocking incentive failure rate in North Carolina
@sandymaxey points me to a new report from the North Carolina Justice Center that is making my head spin. Picking Losers shows that the state’s flagship development program, the Job…
The Economist explains: Why Germany and Greece are at odds
ON FEBRUARY 20th the "Eurogroup"—the finance ministers of the 19 countries that use the euro—will meet in Brussels for the third time in ten days to try to find…
The view from Brussels: The lion's den
UK Only Article: standard article Fly Title: The view from Brussels Rubric: With the expiration of Greece's euro zone bail-out fast approaching, negotiations in Brussels are steeped in tension and…
Gentrification: Bring on the hipsters
UK Only Article: standard article Issue: The great fracturing Fly Title: Gentrification Rubric: Gentrification is good for the poor Location: WASHINGTON, DC Main image: 20150221_USD002_0.jpg IN AN old bar on…
Is the oil crash over?
Oil prices have rebounded by $16 a barrel since the low point was reached at $45 a month ago, and investors are already wondering whether the worst is over for…