Yearly Archives

2011

Chart of the Day: Consumer Confidence

I don’t ascribe that much importance to confidence data as a leading indicator. Moreover, as we saw during the 2000s, low consumer savings can bolster GDP growth for quite a long time. Nevertheless, I agree with the underlying message here,…

Workers of the world, good night!

Rick Bookstaber argues that the rise of the super-elite is not a product of educational differences, but rather a result of the new capitalism which creates bigger winners, and does so much more quickly than in the capital-intensive…

links for 2011-08-30

Fed's Evans favors strong policy accommodation | Reuters (Reuters) - Chicago Federal Reserve Bank President Charles Evans said on Tuesday he favored strong central bank accommodation for a substantial…

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