Here is Jorge Ramos standing up for the issues of Human Rights. Then a Trump aids tells him outside to “Get out of my country.
This graph shows yoy %change for the U-3 and U-6 rates for unemployment. (link) They are on a normal trend of a business cycle where they bottom out and then head upwards. When the trend starts to go positive, a recession is imminent. The trend is just now hitting 0% which in the last two […]
Janet Yellen gave a speech where she posed 4 questions to economists in general seeking answers… The first question she asked was this… “The Influence of Demand on Aggregate Supply The first question I would like to pose concerns the distinction between aggregate supply and aggregate demand: Are there circumstances in which changes in aggregate […]
Many top economists use the IS-LM model to support low interest rates. The LM curve of the IS-LM model is built upon a model of financial markets. In the graph above, money supply has been pushed far to the right to keep interest rates low. The model implies that the money supply would eventually have […]
This is a common question. It is important to know if an economy is at full employment. However, the question is wrong. or at least the way it is answered is wrong… Full employment is based on employment of labor. However, full employment must consider both labor and capital since they are both resources for […]
Stan Fischer, vice-chairman of the Fed, gave a speech yesterday. (link) He said this… “As we noted in our statement, we continue to expect that the evolution of the economy will warrant some gradual increases in the federal funds rate over time to achieve and maintain our objectives. That assessment is based on our view […]
I am from Hawaii. I went to high school with Obama. I was a senior when he was a junior. In Hawaii, there are people from every culture and race of the world. There is respect for other people and cultures. It is the best training ground to develop appreciation for other cultures and body […]