Bronze

Fed Vice Chairman Richard Clarida gave a speech just yesterday on future monetary policy called "Data Dependence and U.S. Monetary Policy". Let's look at what he had to say as we await Chairman Powell's own speech today.

I am now stuffed with Turkey after days sitting around eating for the Thanksgiving holiday here in the US. Today is Black Friday, the biggest day of the year for retail sales. And so it makes sense to write this newsletter post today.  I…

In recent months, I have mostly written about short-to-medium term outlooks. Part of that is because making medium-to-long-term predictions is hard. But I just saw three tweets on the political economy of 2018, each making a case for how to…

Let me run something by you. I was thinking about the economic implications of the US midterm election this morning when I happened across various accounts about Donald Trump's press conference yesterday. A lot of the focus was on his…

There isn't a lot of economic news out today, so let me focus today's piece a bit on the economic and social messaging ahead of the US midterm elections. What about the economy? I was in the car just now, listening to the radio, when a…

Birthright citizenship Yesterday, I wrote about what unilateralism looks like on the domestic front. And in many ways, it's similar to international unilateralism. The guiding principle is to prematurely forgo compromise and take a stance,…

I had an epiphany of sorts this morning and I wanted to run the insight by you. Here's what I decided: just maybe the Internet is responsible for a lot of the increasing polarization we see online. Here's how I came to that conclusion.…

I've written my initial reaction to the news out of Germany that Angela Merkel is stepping down at the end of her terms as party chairwoman and Chancellor. Hit up this link for that story. It's on nationalism filling the void. And so that…

What is nationalism? I think that's a pretty basic question. And it has a fairly straightforward answer. But, in the wild, out on the campaign trail, it's less straightforward. For example, I often see references to Recep Tayyip Erdoğan as…

A segment on the Dutch news program Nieuwsuur prompted this post. Earlier today, I was looking at 10-year yields and noticed Italy jumping to over 3.7%. As I write this, the yield is 3.713%. And that's up from a low of 1.633% in the past…