SCORE!
It was twenty years ago today…
SOCIAL SECURITY TRUSTEES REPORT
by Dale Coberly SOCIAL SECURITY TRUSTEES REPORT An Overview of the Overview The 2016 Trustees Report didn’t have much new to say, so the usual commentators were free to say what they have always said, which is mostly wrong. A careful reading of just the Overview (p 2 to 25 of the Report) will help […]
Clinton’s figured out how to ensure her victory: Threaten Sanders that if he doesn’t endorse her, pronto, she’ll begin campaigning as a triangulator.
The risk is that [Sanders] will lose his moment because some Clinton partisans already see a more centrist campaign as the best way to win over millions of middle-of-the-road voters who find Trump abhorrent. Sanders has to decide if accelerating his plans to endorse Clinton is now the best way to maximize progressive influence. — […]
NDd and Marketwatch
(Dan here) Quoted is a summary and link to New Deal democrat‘s post at XE.com on the pound sterling and Brexit impacting the US economy via Marketwatch: The pound plunged early Friday as results from the U.K.’s referendum hit, but “since then the pound has gone sideways,” notes financial blogger New Deal Democrat in a […]
Why are so many pundits conflating U.S. blue-collar voters’ concerns that are similar to their British counterparts’ who voted for Brexit with the separate issue of whether the Brexit vote itself will influence U.S. blue-collar voters’ votes in November? These are completely different issues.
Some of our wisest political observers informed us that Brexit would be great news for Donald Trump, because it shows (somehow) that there may be more support here than expected for his nationalist message of restoring American greatness through restrictionist immigration policies and turning the clock back on globalization. So it’s a bit surprising to […]
Who Voted to Leave and Who Voted to Stay – Updated
It is pretty clear who voted to stay and who voted to leave the EU in England. Hat Tip to Sam Wang Princeton Election Consortium Brexit survey of the day. “The UK voters who dominated the vote to Leave are also the ones who have to live with the outcome for the least amount of […]
Instead of 4% inflation target, set “net profit rate” target at 4%
The debate over whether the Fisher Effect is real has languished over the past year. It is hard to prove, and even I lost hope in it. However, I may have found the mechanism to make it work. First, look at this graph of the net profit rate plotted with core inflation since 1958… Chart […]
A Clinton Blank Check? Or a Sanders Blank Check?
Long-time Republican strategists and campaign consultants privately acknowledge they are so certain of Hillary Clinton’s victory – and so worried about its impact on Senate races and GOP control of the Senate – that they are already considering a controversial tactic that explicitly acknowledges Donald Trump’s defeat. The tactic, used by congressional Republicans two decades […]
The Tale of the Dragon Slayer
by Barkley Rosser (via Econospeak) The Tale of the Dragon Slayer The background for this tale is that I have just finished attending the 9th MDEF conference on Dynamic Modeling in Economics and Finance (actually, Modelli Dynamiche Economiche e Finanza) in Urbino, Italy. Alan Kirman was in attendance and was much frustrated (as was I) with […]