(Dan here…lifted from Robert’s Stochastic Thoughts) Kevin Drum discusses single parent households Disqus won’t let me comment, so I post my comment on this post hereI am honestly impressed that you didn’t mention lead. So I will. The single parent household peak came later than the murder peak — as one would expect. Single parent households last […]
Is the taboo against raising wages beginning to break? It’s a *really* slow news week for economic data — just producer and consumer prices tomorrow and Thursday. Even JOLTS doesn’t come out until next week. But there was one little nugget of good news this morning: the NFIB, which represents small businesses, came out with their […]
This is a somewhat late 10th anniversary of the Lehman failure post. I am not going to write much that is new, but will restate an argument I have been making for years (following John Quiggin and Miles Kimball). It is trivially easy for the US Treasury (and other treasuries) to make huge profits on […]
The Trump administration has proposed changes to limit demonstrations near the White House and National Mall. The limits include closing 80% of the White House sidewalk, placing limits on spontaneous demonstrations, and imposing a “First Amendment fee” for protests (gotta make up for the deficits he created). ✓ The public has until October 15 to […]
Scenes from the September jobs report Leaving aside wages, there was lots of sunshine in September’s jobs report, although there were a few gray if not dark clouds on the horizon. Here’s a look at each: 1. Weekly jobless claims did lead the unemployment rate Two weeks ago, I wrote that the new 40+ year lows in […]
Nobel Prizes in Economics, Awarded and Withheld Most of the commentary today on the decision to award Nobel prizes in economics to William Nordhaus and Paul Romer has focused on the recipients. I want to talk about the nonrecipient whose nonprize is perhaps the most important statement by the Riksbank, the Swedish central bank that […]
“The fundamentals and future of the U.S. economy remain incredibly strong.” As Sandwichman always says, “when they’re telling you ‘the fundamentals are sound,’ they are unloading.”
I read the IPCC summary for policy makers so you don’t have to. You may have heard that CO2 emissions have to fall by 45% by 2030 to avoid the possibility of overshooting 1.5°C global warming. Actually emissions must decline by 45% from 2010 levels, which are already substantially lower than 2018 levels. The strategies […]
by Josepth Joyce The Continuing Dominance of the Dollar Ten years after the global financial crisis, we are still coming to an understanding of how profound a shock it was. The changes in political alignments within and across nations and the diminished public support for globalization continue. But one aspect of the financial system has […]