by Joseph Joyce The Global Financial Cycle and Emerging Market Economies The Federal Reserve’s latest increase in its policy rate is a signal of its desire to reestablish its credibility…

…obviously, neither ‘supply and demand’, nor the ‘market, are ‘working’. ‘Supply and demand’, as per usual, at best, describes the after-the-fact; not the cause. The term itself implies a market…

…some of the largest increase in drug costs. Relative price changes did not differ between drugs that entered the market in the past 3 to 6 years (2012 – 2017) …

…response capabilities to potential supply disruptions and enhance market transparency. Measures can include regular market assessments and stress-tests, as well as strategic stockpiles in some instances. 5. Mainstream higher environmental, social…

The bifurcation in the new vs. existing home market continues  – by New Deal democrat Last week we saw that sales of existing homes plummeted to a 28 year low, save…

More economic news an d this time new single family housing. Completing the housing market picture for November, sales decline bigly, and prices remain down YoY   – by New…

New Year, same old labor market deceleration  – by New Deal democrat This morning’s JOLTS report for November continued the same trend of labor market deceleration that we have seen…

…it was based on robust, transparent, free-market competition. In a competitive market economy, businesses need to work to earn customers’ loyalties. When they do that by providing better products, services,…

…to be converted to market-rate housing. The current estimate is an ~ 325,000 LIHTC rental units will transition to market rate by 2029. The Low-Income Housing Tax Credit (LIHTC) rental housing bucket…

…only now beginning to see this market rent disinflation translate into the Fed’s main inflation gauges. Much of the market rent slowing is also attributable to a cooling of demand…