Alternatives to interest rate targeting
[Over at Econlog, I have a post explaining 3 MMT fallacies.] In my recent Mercatus paper I criticized interest rate targeting and also suggested an...
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Zillow Case-Shiller House Price Forecast: “Taking Off in Earnest”
The Case-Shiller house price indexes for September were released last week. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts...
Oil Prices Rally on Vaccine Buzz
Oil prices continued on the march Wednesday, rising for a fourth straight day and shrugging off an industry report showing a higher-than-unexpected rise in U.S....
Salesforce in recent talks to acquire Slack Technologies, WSJ reports
Salesforce.com (CRM) has recently been in talks to acquire Slack Technologies (WORK), Cara Lombardo, Liz Hoffman and Dana Cimilluca of Wall Street Journal report, citing...
New Home Sales at 999,000 Annual Rate in October
The Census Bureau reports New Home Sales in October were at a seasonally adjusted annual rate (SAAR) of 999 thousand.The previous three months were revised...
Market Commentary, Extreme Sentiment & Breadth, Bitcoin $19k & a Shoutout to The Chart Report
Note: To sign up to be alerted when the morning email is posted to my website, enter your name and email in the box in...
Note: November Employment Report Will Show a Decrease of 93,000 Temporary Census Workers
The Census Bureau released an update today on 2020 Census Paid Temporary WorkersAs of the October reference week, October 11th - 17th, there were 99,490...
Tiffany Scores on China Sales
Tiffany, (NYSE:TIF) which is being bought by French luxury giant LVMH, beat Wall Street expectations for quarterly profit on Tuesday as the U.S. jeweler benefited...
Stop obsessing over interest rates
I have a new Mercatus working paper explaining why monetary economics needs to stop focusing on interest rates. Of all the economics papers that I...
Quest says average turnaround time for Covid tests now 2-3 days
Quest Diagnostics said in a statement, "As we reported last week, the nationwide surge in COVID-19 cases is contributing to growing demand for our COVID-19...