by New Deal democrat Dear Federal Reserve: *Now* is the time to raise interest rates? RLY?? SRSLY?!? I am at a complete loss as to why the Federal Reserve might think that now is the moment to begin raising interest rates. I cannot see a scintilla of hard evidence in support, and potent evidence against. […]
Dear Federal Reserve: *Now* is the time to raise interest rates? RLY?? SRSLY?!?
Open thread March 6, 2014
Open thread March 3, 2014
Guest post: Comparing performance between Republican and Democratic years
Guest post: by Nathan Salminen (Politics that work) Comparing performance between Republican and Democratic years The performance gap we see at the state level could still theoretically be the result of factors other than policy. It could be that the red states have simply drawn the short straws and happen to have inferior access to […]
Guest post: How wages in services vs. goods-producing jobs explain relative GDP growth during Recoveries (Hint: producing goods is better)
by New Deal democrat (Bondaddblog) How wages in services vs. goods-producing jobs explain relative GDP growth during Recoveries (Hint: producing goods is better) This week I will put up several posts discussing the relative impact of goods-producing vs. service jobs in the economy, prompted by an article by Kevin L. Kliesen and Lowell R. Ricketts […]
America’s Current Accounts Deficits: Not Quite Déjà Vu
by Joseph Joyce America’s Current Accounts Deficits: Not Quite Déjà Vu The U.S. current account deficit has narrowed since 2006, when it reached $807 billion, which represented 5.8% of U.S. GDP. By 2013 the deficit had fallen to $400 billion, worth 2.4% of GDP. But the IMF last October projected it would reach $484 billion […]