Here is a link to an article at Vox which includes insights and wisdom into the effect of falling labor share globally. Monetary Policy and Long-term Trends Excerpts… “There has been a long-term downward trend in the share and strength of labour in national income, which is depressing both demand and inflation.” “… So, the […]
Presuming Republicans win the Upper Chamber, Senate Majority Leader Mitch McConnell will claim a new era of constructive governance has arrived, while simultaneously claiming a mandate to chip away at President Obama’s already achieved policy gains. (Those who profess a love for bipartisan cooperation will politely ignore this absurdity.) But McConnell’s only way to re-litigate […]
Sen. Tom Harkin said Monday that he shouldn’t have compared Joni Ernst to singer Taylor Swift and added that “in no way did I intend to offend” the Republican Senate hopeful. “I shouldn’t have said those things, I know that. I regret anytime someone feels offended by what I have said,” the retiring Democrat said […]
Happy Election Day! Update: To check live results for the Senate Race as each state closes, go here; Huff X Pollster; Election 2014 For weeks now, I have been following Sam Wang’s election notes on the Princeton Election Consortium blog leading up to today’s election. I hope he is wrong; but, it “appears” the best […]
In the 1970’s, real interest rates went negative, as they are today. Is there any logic as to why they went negative way back when? Yes, there is… In the course of a recovery from recession to boom, monetary policy will raise the real rate. The following graph plots the real rate (effective Fed rate […]
For those who don’t know, Nia-Malika Henderson is a political reporter for the Washington Post’s politics blog The Fix. I am neither of fan generally of that blog (with the exception of one of its regulars, Sean Sullivan, and one or two of the several others) nor a fan specifically of Henderson—who, best as I […]
“He thinks that another six years on top of the 30 he’s already had constitutes change, well we don’t buy that,” Grimes said. “He thinks that we can’t live without his seniority, well has he seen that we’re at the bottom of every national indicator that’s out there? Henderson, are ya’ll better off after having […]
What Joni Ernst said Tom Harkin said about her: Iowan GOP Senate candidate Joni Ernst responded on Monday that she was “very offended” by Sen. Tom Harkin’s comments comparing her looks to Taylor Swift. “I was very offended that Sen. Harkin would say that, I think it’s unfortunate that he and many in their party believe that […]
(Dan here. The last graph is an eye opener) by New Deal democrat (originally published at the Bonddad blog) Consumers’ (accurate) bifurcated take on the economy – and why that isn’t good for Democrats Naked Capitalism picked up a piece from Wolf Richter the other day entitled The shrinking piece of a barely growing economy: […]