I don’t know what to say here. Me I am on the other side of the same movement, in the US I am “feeling the Bern” as a Sanders guy and as an observer on the UK side chanting “Jez We Can!” for Jeremy Corbyn. That is I am totally down for a Renaissance of […]

A new paper came out this month from the Board of Governors of the Federal Reserve System talking about how Potential Output is lowered after recessions. (link) They make a case that potential output is lower than people think and that the economy adjusts too slowly to that reality. At the end of the paper, […]

Stocks continue downward.. China is struggling… Commodity exporting countries are in trouble… industrial production is projected to be weak in September as it was in August… Could the US economy be forming a recession? First, I have had the opinion that there are hidden weaknesses in the economy partly due to the strange monetary policy […]

From, naturally, Robert Waldmann, chez DeLong, pointing out that the Emperor not only has no clothes, but has been deliberately strutting his lack of stuff since the late 1970s: Oh another thing — [the problem with economic modeling] isn’t [limited to] new classical macroeconomics. The same criticisms apply to new Keynesian DSGE models. Adding totally […]

Or that is what is being thought by the Social Security Administration as we round out 2015 and head into 2016. And the culprit? “Persistently Low Inflation.” How could that be, didn’t the Fed just meet and there were concerns of looming inflation? Apparently not enough inflation to rock the CPI-W. The SS COLAs are […]

Interesting letter from the California EPA (CARB) to Volkswagen covering the Nitrogen Oxide being emitted by its vehicles during normal driving conditions on the road. What is “really” interesting about this is VW put into play software which detects when the vehicle is being tested causing the vehicle to pass testing. Hat Tip to Bear […]