…put severe downward pressure on the inflation rate, among other effects. In The Regional Economist article, the authors argue that low inflation makes cash more attractive to investors, in turn…

…economist often credited with inventing GDP in the 1930s, had severe reservations about the concept right from the start. Coyle told me, “He did a lot of the spade work….

…against the labor share anchor. Basically, the TFUR rises in a business cycle, while the LSA stays stable. Since the crisis, the labor share anchor has made a severe shift…

…or for that matter even a less severe recession. One might cynically conclude that PAEA was designed to create failure, and while it may not have been the actual folks…

…sub-system of the finite non-growing ecosphere (tip o’ the hat to Herman Daly), continue to expand indefinitely? Once in severe overshoot, is a sustainable recovery possible without significant material de-growth?…

…become a new normal. The Fed does not want to trigger a contraction with profit rates of firms being so vulnerable. Labor has severe disadvantages in the present situation. There…

…typically makes tops and bottoms months before nominal wage growth the exception, following severe recessions, is where the unemployment rate peaks at a number higher than 8%. In those cases…

…some reason, expected real mortgage interest rates don’t matter too much, then low expected home price appreciation could explain low housing investment with no need to appeal to unusually severe…

Gail Tverberg offers her view on possible ramifications of the severe drop in prices for oil and debt financed growth: There are really two different problems that a person can…

…Boston parish who faced severe financial or medical adversity, rather than because of his bizarre policy proposals and his denigration of and revulsion toward huge swaths of Americans, Clinton lost…