monetary policy

The US Personal Income and Outlays report for June 2019 came out this morning. It showed personal income increasing 0.4% and wages and salaries increasing 0.5% last month. These are good numbers. And in conjunction with a lot of other data…

This is a follow-up to my subscriber post from earlier today on the US economy. For those of you who are not paying subscribers, let me summarize the post by saying I think the US economy is slowing but not in a recession. Nevertheless, I…

Today, we saw a nice pop in equities on the back of a dovish Fed and falling interest rates. Equities moved to new highs as a result. But, clearly, falling yields are a sign of economic distress that one might think would cause equity…

Recession Watch America's business leaders are growing more worried that the United States will enter a recession by the end of 2020. Their primary fear: protectionist trade policy. That is the topline finding of a report released Monday…

I have been trying to organize a decent exchange on MMT on the new financial media platform Real Vision. My first attempt got dropped because the conversation wasn't forward looking, diving into the issues people care about, namely the…

By Marshall Auerback This post first appeared on AlterNet Cutting rates at this juncture simply perpetuates current bubble-like conditions and therefore will make the ultimate outcome worse when the bubble inevitably bursts. The one…

Yesterday's climbdown by the Federal Reserve on both interest rate policy and balance sheet reduction was not enough to satisfy the market's disquiet about the US economy. Equity markets sold off and US Treasury yields rallied as the…

Thinking about Japanification Two FT articles and a discussion at Real Vision precipitated this post. On Monday, I had a conference call with a few markets-oriented colleagues at Real Vision, where I am an editor and program presenter. And…

The post this morning on the evolving strategy of Germany's SPD was actually yesterday's post. I didn't get a chance to write it because I went to bed super early. So I am going to write a short piece for today's post focussing on Japan,…

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