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Answers: Taking IOR to Zero

…and third-order effects of such eventualities could have profound negative impacts on the real economy. Which perhaps explains another thing I’ve been wondering about: why did the Fed institute IOR…

Peak life expectancy

Yves Smith points us to a MacroBusiness post on declining peak life expectancy which points to the Institute for Health Metrics and Evaluation (this link is to an array of…

Macro right, micro wrong?

…from the National Institute of Pensions Administrators. What’s changed is that benefits and taxes have gone up, and wages have gone down. (Wikepedia provides a short refresher of each term.)…