3 Potentially Ominous ideas from Yellen’s Speech
Janet Yellen gave a speech today at the Jackson Hole conference. Here are 3 parts from her speech that are noteworthy and somewhat ominous… 1....
Author : Angry Bear
Bullshit to cash ratio
Dan here…Yves Smith reminds us that the deals, fines, and reporting on mortgage misconduct need careful interpretation. And a skeptical attitude. (partially re-posted…worth the trip...
European Doldrums
by Joseph Joyce European Doldrums European economies are faltering. The German economy contracted in the second quarter, as did those of France and Italy. Growth...
Understanding Piketty, part 3
Part 3 of Thomas Piketty’s Capital in the Twenty-First Century is the longest section of the book (230 pages out of 577), providing his analysis...
Arkansas Republican Senate Candidate Tom Cotton Wants to Require Employers to Provide Employees With Multiple Healthcare Insurance Choices. Seriously.
[T]here is probably no one more gung ho for Obamacare repeal than [Senate Republican nominee] Tom Cotton. He talks about it all the time. So...
Another Version of the Effective Demand Monetary Rule with comment on Secular Stagnation (wonkish)
I have been writing about the Effective Demand rule for monetary policy lately. The version that I have been showing uses a labor share anchor,...
Jump in Base Fed Rate would continue for July…
What would the Fed funds rate be as if we were in normal times? Basically, what would the Fed funds rate be if we used...
Blackie, in Wantaugh, NY
I see so many listings about older dogs whose owner can no longer care for him or her, usually because of finances. I just received...
A closer look at the Effective Demand Monetary Rule
We see more talk now about how the Fed may have to raise its base overnight rate (Fed funds rate) faster than planned. Data is...
Migration patterns between US states
Via Daily Kos’s David Jarman comes an interactive graph that offers an intriguing visual experience for migration numbers between states for 2012, designed by Chris...