economic growth

Market Update – March 5 – Jobs, Jobs, Jobs.

What Fed Chair Powell did not say that shook up the markets. Wall Street turned sharply lower following Fed Chair Powell’s remarks, even though it was not what he said but what he did not mention that undermined equity sentiment. Specifically, he did not push […]

A Literature Review on Economic Policy Response to Covid-19

An excellent review of empirical findings regarding the various provisions is contained in this FEDS Notes article, by Elena Falcettoni, and Vegard Nygaard. The COVID-19 pandemic has kept economists busy analyzing many aspects of economic side of the coronavirus impact. This note is meant to […]

Can economists be trusted?

For the most part, economists don’t give people advice on how to run their lives. Rather we tend to focus on explaining the behavior of consumers and businesses, usually assuming they are at least somewhat rational. One exception is when there is a “principal-agent problem”, […]

Postscript: Orwell for Socialism

[Scroll to the end for a couple final reactions to comments .] In a reflective moment, George Orwell wrote, “Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic socialism, as I understand […]

US Unemployment Claims tick up

USDJPY, H1 US initial jobless claims rose 9,000 to 745,000 in the week ended February 27 following the -98,000 plunge to 736,000 in the February 20 week. That brought the 4-week moving average down to 790,800k from 807,500. Claims not seasonally adjusted rose 31,500 to […]

Is India a Socialist State?

India gained its freedom back in 1947. At the time this article is being written that is 75 years of freedom. How did we cope in terms of economic structures? Let us traceback. At the time when India gained Independence, countries all over the world […]

USDJPY hits 7-month high

Since January this year, the USDJPY has recorded an increase of about 4% from a low of 102.58 to a 27-week high. As of yesterday’s close, the currency exchange recorded 106.67. Obviously, in 2021, the attractiveness of the US Dollar far exceeds that of the […]

Market Update – March 4 – Ahead of Powell & OPEC

Reflation trades are back with a vengeance, pushing pressure on stock markets as yields rise. Treasuries managed to stabilise somewhat overnight, after a sell off yesterday saw rates pushing higher again, but across Asia bonds as well as stocks sold off. Markets are looking ahead […]

Business Cycle Indicators as of 3 March

The goods production side of the economy continues to recover, and monthly GDP comes close to October 2010 levels. Nonfarm payroll employment as implied by the Bloomberg survey is for a slight increase of 182K. Some key indicators followed by the NBER Business Cycle Dating […]

Keyhole Solutions: The Song

When you do a Jack Stafford podcast, he writes and records an original song inspired by the interview. Are you ready for “Keyhole Solutions: The Song”? No joke! P.S. The actual podcast is here. Original Article