(Dan here) Quoted is a summary and link to New Deal democrat‘s post at XE.com on the pound sterling and Brexit impacting the US economy via Marketwatch: The pound plunged early Friday as results from the U.K.’s referendum hit, but “since then the pound has gone sideways,” notes financial blogger New Deal Democrat in a […]
Some of our wisest political observers informed us that Brexit would be great news for Donald Trump, because it shows (somehow) that there may be more support here than expected for his nationalist message of restoring American greatness through restrictionist immigration policies and turning the clock back on globalization. So it’s a bit surprising to […]
It is pretty clear who voted to stay and who voted to leave the EU in England. Hat Tip to Sam Wang Princeton Election Consortium Brexit survey of the day. “The UK voters who dominated the vote to Leave are also the ones who have to live with the outcome for the least amount of […]
The debate over whether the Fisher Effect is real has languished over the past year. It is hard to prove, and even I lost hope in it. However, I may have found the mechanism to make it work. First, look at this graph of the net profit rate plotted with core inflation since 1958… Chart […]
Long-time Republican strategists and campaign consultants privately acknowledge they are so certain of Hillary Clinton’s victory – and so worried about its impact on Senate races and GOP control of the Senate – that they are already considering a controversial tactic that explicitly acknowledges Donald Trump’s defeat. The tactic, used by congressional Republicans two decades […]
by Barkley Rosser (via Econospeak) The Tale of the Dragon Slayer The background for this tale is that I have just finished attending the 9th MDEF conference on Dynamic Modeling in Economics and Finance (actually, Modelli Dynamiche Economiche e Finanza) in Urbino, Italy. Alan Kirman was in attendance and was much frustrated (as was I) with […]
And confirms that his own position: is the same as that of Brad DeLong (et cetera.) and those of us who try paying bills [T]he [Federal Funds Interest Rate target] debate has shifted in the opposite direction as market participants weigh the possibility of a rate cut. The Fed is probably not there yet, but […]
The Supreme Court said Monday that people convicted of domestic abuse can be prevented from owning a gun, in a case that prompted the first questions from Justice Clarence Thomas in 10 years. In a 6-to-2 decision, the court said Congress had intended to keep firearms out of the hands of domestic abusers. The question […]
Watching the videos of Anwar Shaikh, He presented an idea relating inflation to the net profit rate. Net profit rate = Corporate profit rate – effective Fed rate His view is that inflation will occur when the profit rate is squeezed by the base Fed rate. When net profit rate is low or even negative, […]