federal reserve

The Economist on the growth of government

The Economist devotes its last cover to “The triumph of big government”. The brief is an interesting piece on governments getting bigger all the time. A citation of Bob Higgs’ Crisis and Leviathan would have been nice, as the piece deals with the core ideas […]

Two Pictures from the Financial Markets

Usually, the Friday after Thanksgiving holiday is a quiet trading day. Today, there was lots of news to react to. Figure 1: Five year inflation breakeven, calculated as 5 year Treasury yield minus 5 year TIPS (blue), and ten year – three month Treasury spread […]

One Year Inflation Expectations

Expectations and forecasts from economists continue to diverge from consumer based expectations. Figure 1: CPI inflation year-on-year (black), median expected from Survey of Professional Forecasters (blue +), median expected (preliminary) from Michigan Survey of Consumers (red), median from NY Fed Survey of Consumer Expectations (light […]

Flight to safety as variant fears soar

Home/COVID-19/Indices/NewsfeedOriginal Article

Oil tumbles, gold firm, bitcoin plunges

Home/Commodities/COVID-19/Crypto/NewsfeedOriginal Article

Week Ahead – Pressure mounting on central banks

Home/Newsfeed/Week aheadOriginal Article

Japan’s “curious” lack of inflation

Commenter Cove77 directed me to an article in The Economist, discussing the “curious” lack of inflation in Japan: Entrenched expectations built up through decades of little to no inflation play a big role in explaining why rising producer costs have not fed through to consumer […]