Economy
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Disappointing Employment News, the Extenders Bill, and Credible Fiscal Policy
Read moreYes, today’s employment news from May is disappointing – even though there are some encouraging signs. Let’s start with the bright side: the...
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Employment Situation
Read moreToday's May jobs report was a surprise to many economists, who had expected stronger private sector gains. Government-hired Census workers accounted...
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The Short-Run Problems of US Debt
Read moreJeanne Sahadi wrote for CNN today on the sometimes-overlooked short-term perils that the growing US debt could create, and how they affect the average...
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Weekend Editorial Roundup
Read moreHere are the highlights from this weekend’s editorials on fiscal and budget policy: In light of Obama advisor Larry Summers’ recent speech on the...
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OECD on the Fiscal Outlook: The Way Forward
Read moreThe OECD (the Organization for Economic Cooperation and Development, the Paris-based think tank for the 31 richest countries) released its twice-a...
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Translating Dr. Summers’ Econospeak: Are Budget Deficits Good or Bad?
Read moreLarry Summers gave a very interesting and thoughtful talk in Washington recently (May 24). But it was delivered in High Oracular Econospeak, so many...
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Market Watch: More Spillover from Greece
Read moreThroughout the week, U.S. financial markets continued to be dominated by a global market “flight to quality” in response to perceived EU policy...
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MARKETWATCH THIS WEEK Is It Good to Be A Safe Haven?
Read moreU.S. markets continued to be dominated this week by the continuing roller coaster ride from the Greek (and eurozone) debt crisis. More positive U.S...
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Marketwatch Update: The US as Safe Haven Returns - but Technical Glitches May Have Also Kicked In
Read moreIt wasn’t enough that we had a lot of impressive economic news this week (including today’s solidly positive employment numbers – even though...
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Market Watch Update: April 26-30
Read moreAs of mid-day Friday, April 30, the government bond market was on track to have a good week, with prices up (and therefore yields down, because they...
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R We Having a U Shaped Recovery ?
Read moreOn April 30, the Bureau of Economic Analysis released its first estimate of first quarter real GDP. Typically, the first estimate is revised a lot in...
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Market Watch Update: April 19-23
Read moreAs of mid-day Friday, April 23, the yield curve looked steeper for the week (that is, interest rates rose on Treasury instruments at the longer end of...