by Hale Stewart (originally published at Bonddad blog) This is Why Inflation Expectations Are So Important Canadian Central Bank Head Poloz: The underlying trend in inflation is driven by the laws of supply and demand, which are as applicable today as they ever were. Excess demand pushes inflation up; excess supply pushes inflation down. Central […]
I found this segment of interest from Fox News…while I differ on the generic federal deficit thinking, I notice while Obamacare repeal was ‘do or die’, Smith noticed the eight years of Republicans calling doom from the federal deficit gets hardly a peep. Student loan deductions and credits disappear, among a list. as well…his affect […]
(Dan here…lifted from AB 2012) Small businesses, tax cuts, and reporting Dan Crawford | November 29, 2012 I sometimes get the ‘eyes rolling’ reaction from people in my social sphere when I insist that at least linking to original documents is important, and that someone needs to follow up on what an author says someone else says […]
An Important Centennial Today marks the centennial of the Great October Socialist Revolution, known when I was young in the US as the Russian Revolution, and also perhaps more accurately described as the Bolshevik Coup. On March 8, 1917, people rose up from the streets behind women marching on International Womens’ Day, leading troops to […]
by Joseph Joyce Economic Consequences of Populism Who is the true populist: Bernie Sanders, who promises single-payer health care and college without tuition, or Donald Trump, who campaigned on a promise to “drain the swamp”? Jeremy Corbyn of the UK’s Labour Party, who wants to nationalize public-sector firms, or Marine Le Pen of France’s National […]
(Dan here…Biagio Bossone will be joining contributors to Angry Bear. Here is his first post for AB concerning the impact of exchange rates) by Biagio Bossone (Biagio BOSSONE is an Italian national, currently advises the World Bank Group/IMF on financial sector development issues and technical assistance programs in several countries in Africa, Asia and […]
(Dan here….Corrected code to fit the format and reposted) by New Deal Democrat HEADLINES: +261,000 jobs added U3 unemployment rate down -0.1% from 4.2% to 4.1% U6 underemployment rate down -0.3 from 8.2% to7.9% Here are the headlines on wages and the chronic heightened underemployment: Wages and participation rates Not in Labor Force, but Want […]
by Joseph Joyce 2017 Globie: “Grave New World” Once a year I choose a book that deals with an aspect of globalization in an interesting and illuminating way, and bestow on it the “prize” of the Globalization Book of the Year (known as the “Globie”). The prize is strictly honorific—no check is attached! But I […]
Saudi Crown Prince Consolidates Power With Anti-Corruption Arrests Everybody is against corruption, so it has become the new cool way to concentrate power in dictatorial societies to engage in an anti-corruption drive, as Putin and Xi Jinping have done. Actually corrupt people may well be arrested, but somehow included in the set of those arrested […]
What happened to the European Phillips Curve ? Recently many have argued that the Phillips curve has become the Phillips horizontal line. I am old enough to remember when the hot new idea in macroeconomics was that the long run Phillips curve is vertical so inflation varies but unemployment stays near the natural rate and […]