Financial Times Archive

CPI, Empire State Survey, Philly Fed, Brent Crude Price, Previous Banking Post

CPI, Empire State Survey, Philly Fed, Brent Crude Price, Previous Banking Post Consumer Price Index Empire State Mfg Survey Highlights Minus signs sweep the Empire State report with the headline at minus 11.36 which is more than 1 point below Econoday’s low end estimate. Looking at individual readings, new orders are in ...Read More

German Trade, Japan

Exports down but so are imports, indicating a weak global economy and continued euro support from trade net flows: Germany : Merchandise Trade German exports plunge at fastest pace since global financial crisis Oct 8 (Reuters) — German exports plunged in August. Data from the Federal Statistics Office showed seasonally-adjusted exports sliding ...Read More

Krugman on debt

Debt Is Good By Paul Krugman Aug 21 (NYT) — Rand Paul said something funny the other day. No, really — although of course it wasn’t intentional. On his Twitter account he decried the irresponsibility of American fiscal policy, declaring, “The last time the United States was debt free was 1835.” Which ...Read More

Fed white paper, building permits, transport charts, Japan trade

So someone on high sees it much like I do… ;) In a white paper dissecting the U.S. central bank’s actions to stem the financial crisis in 2008 and 2009, Stephen D. Williamson, vice president of the St. Louis Fed, finds fault with three key policy tenets. Specifically, he believes the zero ...Read More

Redbook Retail Sales, Case-Shiller House Prices, PMI Services, Consumer Confidence, Richmond Fed, Oil Capex, Truck Tonnage

Still bad: source: Econoday.com Softening: source: Econoday.com I don’t put much weight on Markit surveys, but the optimism comment is interesting: source: Econoday.com Highlights Service sector growth is strengthening slightly this month based on Markit’s July flash index which is up 4 tenths to a very solid 55.2. New orders are at ...Read More

labor market index, consumer credit, China trade, BIS on oil and debt

This is the Fed’s new indicator: Labor Market Conditions Index Definition The U.S. labor market is large and multifaceted. Often-cited indicators such as the unemployment rate or payroll employment, measure a particular dimension of labor market activity. It is not uncommon for different indicators to send conflicting signals about labor market conditions. ...Read More

A Modest Response

A Modest Proposal for Resolving the Eurozone Crisis By Y. Varoufakis, S. Holland AND J.K. Galbraith 1. Prologue Europe is fragmenting. While in the past year the European Central Bank has managed to stabilise the bond markets, the economies of the European core and its periphery are drifting apart. As this happens, ...Read More

EU Commission- more of same

:( Latvia’s Dombrovskis Brings Fiscal Hawk Record to EU Commission By Mathew Dalton Oct 5 (WSJ) — The budget hawk who steered Latvia out of economic collapse with a bruising austerity program is poised to get one of the EU’s top economic-policy jobs as Europe is heading toward a clash over austerity. ...Read More

Comments on Professor John Cochrane’s – A Few Things the Fed Has Done Right

A Few Things the Fed Has Done Right The Fed’s plan to maintain a large balance sheet and pay interest on bank reserves is good for financial stability. By John H. Cochrane Aug 21 (WSJ) — As Federal Reserve officials lay the groundwork for raising interest rates, they are doing a few ...Read More

Comments on Stanlely Fisher’s ‘Lessons from Crises, 1985-2014’

Lessons from Crises, 1985-2014 Stanley Fischer[1] It is both an honor and a pleasure to receive this years SIEPR Prize. Let me list the reasons. First, the prize, awarded for lifetime contributions to economic policy, was started by George Shultz. I got my start in serious policy work in 1984-85, as a ...Read More