Monthly Archives: February 2012

From all the hoopla you would guess “a lot”. From the WSJ: After bouncing up and down around the 13000 level for a week, the Dow Jones Industrial Average finally closed above that psychologically important mark for the first time … Continue reading →

From Greg Mankiw: Professor Bernanke teaches the world A friend in the Federal Reserve sends along the following information: The Federal Reserve Board announced on Thursday that Chairman Ben S. Bernanke will deliver a series of lectures aimed at college … Continue reading →

Ryan Avent at the Economist Free Exchange takes us on a “loony trip”. It´s all about the “correct” interpretation of the latest FOMC statement: ON FRIDAY, Brad DeLong blogged a slide from a Christina and David Romer lecture on practical monetary policy at the … Continue reading →

Any reader of this blog knows that I love to “illustrate” my stories, and I try to do that diligently so as not to confuse or misguide the reader. Unfortunately, many others don´t take that particular care and reach conclusions … Continue reading →

In Time´s The Curious Capitalist, Michael Sivy poses the question “Is this Stock Market Rally for Real?: Last week, the Dow reached the 13,000 mark for the first time since 2008, despite the daunting problems facing the global economy. This … Continue reading →

Matt asks: Do High Oil Prices Doom The US Economy? And tentatively gives an answer: But it looks to me as if a demand-side oil issue is really just the same old issue of the trade deficit and the international … Continue reading →

This Joe Weisenthal post is very MISLEADING! In critiquing James Pethokoukis he could have done much better. What we get is a “war of bias” through badly conceived statistics. If only the first chart had been presented in the correct … Continue reading →

At the U of Chicago Booth School of Business Conference after Dudley there was Bullard:  St. Louis Federal Reserve Bank President James Bullard expressed optimism over the economic recovery on Friday, saying he saw a “real gain” in the recent decline in the … Continue reading →

From NY Fed President Dudley: A top Federal Reserve official warned Friday that the current low borrowing rates enjoyed by the U.S. government will not last forever, and said elected leaders need to start getting deficits under control to prepare for that … Continue reading →

The Wall Street Journal takes a stab: Another suspect—one Mr. Obama doesn’t like to mention—is U.S. monetary policy. Oil is traded in dollars, and its price therefore rises when the value of the dollar falls, all else being equal. The … Continue reading →