Category Archives: Macro Economics

Irrational Exuberance is Back

Financial FAQs “How errors of human judgment can infect even the smartest people, thanks to overconfidence, lack of attention to details, and excessive trust in the judgments of others, stemming from a failure to understand that others are not making … Continue reading

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Too Many Vacant Jobs?

Financial FAQs The number of job openings was little changed at 7.8 million in May, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.5 million and 5.2 million, … Continue reading

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Republicans Have Never Paid Their Bills

Financial FAQs “The new law will reduce federal revenues by significant amounts, even after allowing for the impact on economic growth. It will make the distribution of after-tax income more unequal. If it is not financed with concurrent spending cuts … Continue reading

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Trump’s 2.0 100 Days

Popular Economics Weekly “With President Donald Trump’s second term approaching its 100-day mark, 40% of Americans approve of how he’s handling the job – a decline of 7 percentage points from February,” PEW Research. PEW The big mystery is why … Continue reading

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Republicans Don’t Pay Their Bills

Financial FAQs “The new law will reduce federal revenues by significant amounts, even after allowing for the impact on economic growth. It will make the distribution of after-tax income more unequal. If it is not financed with concurrent spending cuts … Continue reading

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Trump, the Lucky Loser

Answering Kennedy’s Call “Born to a rich father who made him the beneficiary of his own highly lucrative investments, Trump received the equivalent of more than $500 million today via means that required no business expertise whatsoever.” Random House In … Continue reading

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Bidenomics Works–Part II

Financial FAQs A large fraction of voters do suffer from economic illiteracy. Indeed, it is fair to say that an ample majority do not understand the basics of how markets work. They are especially confused about labor and international markets. … Continue reading

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Record Inequality = Record Debt

Answering Kennedy’s Call “Never spend money before you have earned it.” Thomas Jefferson Thomas Jefferson may not be the best person to quote on the dangers of debt—His slaves weren’t freed upon his death because his estate owed too many … Continue reading

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Retail Sales Slowing

Financial FAQs Breaking News: The Federal Reserve just announced it’s first rate cut of 0.50%, which lowers its Fed Funds rate from 5.25% to 4.75%. Advance estimates of U.S. retail and food services sales for August 2024, adjusted for seasonal … Continue reading

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Fed’s Preferred Inflation Indicator Softens

Popular Economics Weekly The latest economic data show the US economy slowed in Q1 2024, but economic growth should increase in the second quarter because consumers will continue to spend. Personal Consumption Expenditures (PCE), the best measure of overall consumer … Continue reading

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