wages

I don't think people realize that the Chinese have just made a rather sizable shift in economic policy. The Chinese are moving on multiple fronts now toward a new economic paradigm that includes slower growth but more domestic consumption.…

By Claus Vistesen As the debate between the inflationistas and deflationistas appears about to rev up again, I thought that I would try to put pen to virtual paper and sketch out my thoughts on the matter. The specific catalyst for…

Today's release on U.S. Personal Income and Outlays from January 2011 was a nice change of pace from the worries that food and commodity price inflation have caused over the past month. We saw personal income up an annualized $133 billion…

Overall, we should credit Germany for building a recovery based not just on exports, but on capital investment and saving. One reason that Germany is a manufacturing and export powerhouse is because it has invested in those businesses.…

By William K. Black Freddie Mac made a terse announcement Wednesday in a securities filing about the resignation of its chief operating officer, Bruce Witherell. Freddie said that Witherell resigned "for personal reasons."…

Harold Meyerson, in The Washington Post, says debate about whether the recession and poor recovery are cyclical or structural problems is misplaced. Meyerson says the problems are institutional imbalances.

CNBC says that Wall Street bonuses will likely be down this year as much as 20% across the board. Take a look.

I caught this at the bottom of Andy Lees' morning note: China – To limit inflation China will impose price controls on food according to the NDRC, and will severely punish anyone found speculating on corn or cotton. “The policies that…

Much ink, real and virtual, has been spilled over the last few days on the macro and micro of the election, QE2, global central banking activities, competitive currency strategies and asset-price targeting. We’re going to give that a rest…

Early in the year, I posted a few times on a coming wave of mortgage defaults generally and the economic effect of living in defaulted accommodation specifically. My conclusion at the time was that, while the consumer spending due to the…