Posts filed under “Economy”
The elections are over. The pundits will spend the next few months dissecting the candidates and the campaigns. The Republican Party ran a strong campaign with attractive candidates, while the Democrats did neither. Voter turnout was low, which often gives an advantage to Republicans.
Then there is the economy.
The Democrats seem to have forgotten about that. We didn’t hear much about the slow but steady improvement during the past six years. President Barack Obama and the Democrats could have pointed to a number of economic accomplishments: Unemployment has declined to less than 6 percent; the economy grew at a 3.5 percent rate in the latest quarter; gasoline is less than $3 a gallon; the annual federal budget deficit has been cut in half.
None of that got much airplay. There is an argument to be made that it wouldn’t have mattered much anyway. A reader sent in the following chart. It shows the ratio between income and liability for households.
It is heading in the wrong way. The data show that median income relative to debt is falling. In other words, people are falling further behind.
Alan Greenspan discusses current trends in the global economy and his solutions for addressing the financial crisis.
The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.
Quantitative easing over. It is a good occasion to consider what we know about central bank intervention, when it is appropriate and when it isn’t. We have a century of broad and deep central bank history and data upon which to make our assessment. Yet we seem to ignore much of what has been learned…Read More
click for larger graphic Source: McKinsey h/t Know More About 1.5 billion people, or 22 percent of the world’s population, lives in 600 cities. They account for an outsized portion of global wealth. According to a new report by McKinsey & Co.: Half of global GDP in 2007 came from 380 cities in…Read More
A Tale of Two Economies — It Was the Better of Times, It Was the Worst of Times Paul L. Kasriel October 18, 2014 A Tale of Two Economies – It Was the Better of Times, It Was the Worst of Times As quantitative easing comes to an end (apparently) by the Fed…Read More
Could the Dissolution of OPEC Become a Golden Swan? Fifty-four years of inflated energy prices may be coming to an end. Doug Kass Real Money Pro, October 8, 2014 | 7:31 AM EDT We all know that I’m bearish. To me (at the current time), this is a stock market with no memory,…Read More