In the 1970’s, real interest rates went negative, as they are today. Is there any logic as to why they went negative way back when? Yes, there is… In the course of a recovery from recession to boom, monetary policy will raise the real rate. The following graph plots the real rate (effective Fed rate […]
For those who don’t know, Nia-Malika Henderson is a political reporter for the Washington Post’s politics blog The Fix. I am neither of fan generally of that blog (with the exception of one of its regulars, Sean Sullivan, and one or two of the several others) nor a fan specifically of Henderson—who, best as I […]
“He thinks that another six years on top of the 30 he’s already had constitutes change, well we don’t buy that,” Grimes said. “He thinks that we can’t live without his seniority, well has he seen that we’re at the bottom of every national indicator that’s out there? Henderson, are ya’ll better off after having […]
What Joni Ernst said Tom Harkin said about her: Iowan GOP Senate candidate Joni Ernst responded on Monday that she was “very offended” by Sen. Tom Harkin’s comments comparing her looks to Taylor Swift. “I was very offended that Sen. Harkin would say that, I think it’s unfortunate that he and many in their party believe that […]
(Dan here. The last graph is an eye opener) by New Deal democrat (originally published at the Bonddad blog) Consumers’ (accurate) bifurcated take on the economy – and why that isn’t good for Democrats Naked Capitalism picked up a piece from Wolf Richter the other day entitled The shrinking piece of a barely growing economy: […]
Update appended. ___ Last week, dozens of Republican volunteers packed Mr. Gardner’s campaign offices in the college towns of Boulder and Fort Collins to get a handshake or selfie with the amped-up candidate. Spotting a boy in a Denver Broncos football jersey, Mr. Gardner whipped out his cellphone and showed him a photo of John […]
Bill Maher did a take on Obama accomplishments or what some or many might say only occurred because he was in office. – 63 straight months of economic expansion. – A Depression averted (even with budget cuts). – A Deficit reduced by 2/3rds. – A Healthcare Law that is working and reducing costs. – Two […]