by Joseph Joyce Mars Descending? U.S. Security Alliances and the International Status of the Dollar A decade after the global financial crisis, the dollar continues to maintain its status as the chief international currency. Possible alternatives such as the euro or renminbi lack the broad financial markets that the U.S. possesses, and in the case […]

by Steve Roth The Eighth Way to Think Like a 21st-Century Economist Asymptosis  February 22nd, 2019 The teams at Rethinking Economics and Doughnut Economics have launched a contest for entries, asking “What’s the 8th Way to Think Like a 21st Century Economist?” It builds on Kate Raworth’s seven ways, here. Here’s my entry: 8. Widespread prosperity both […]

 by New Deal democrat Weekly Indicators for February 18 – 22 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The short leading indicators have sunk to a level that is consistent with an oncoming recession in the next 3 – 8 months.  But the recent government shutdown may still be skewing some […]

by New Deal democrat Housing may bottom this spring Despite yesterday’s poor existing home sales report, which was the worst in over three years, the bottom in housing may be near. This post is up at Seeking Alpha. As always, reading the post should be helpful to you, and renumerates me just a bit for my […]

 by New Deal democrat The 2017 GOP tax scam may hurt the economy this spring It turns out that part of the GOP tax scam of 2017 might hurt the economy this year. That’s because the total decline in the amount of tax refunds going to tax filers this looks like it is going to […]

by New Deal democrat What does a “Recession Watch” mean? On Wednesday I went on “Recession Watch” beginning Q4 of this year. Yesterday I explained what that means in detail over at Seeking Alpha. So, what happens after this? If the weakness persists and spreads to the short leading indicators, the “watch” turns into a.warning. If […]