Federal Debt: All You Need to Know in Three Minutes

David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, helps you understand both the short-term and the long-term picture of the federal debt.

Category: Economy, Taxes and Policy, Video

10 Wednesday PM Reads

My afternoon train reads: • Corporate Profit Margins Have Officially Hit New Highs (Business Insider) • 3 Lessons From S&P 2000 (Time) • Fewer U.S. Homes Underwater in Second Quarter (WSJ) • High Food Prices Lead to Trade-Offs Even in Upper-Income Households (WSJ) but see China Is Awash in Grain Crops (WSJ) • Burger Tim: Warren…Read More

Category: Financial Press

Time Is Finite: The Life of a Typical American in Weeks

Source: Know More via Wait But Why

Category: Data Analysis, Digital Media, Philosophy

How the Dow S&P500 Has Changed

  S&P Closes Above 2,000 for First Time Source: WSJ

Category: Index/ETFs, Markets

10 Wednesday AM Reads

We are halfway to a three day weekend, with some delightful morning train reads to kick off your day (continues here): • A case for stocks now (Fidelity) see also 2000.02 (Reformed Broker) • 38 maps that explain the global economy (Vox) • The Hidden History of the S&P 500 (Millennial Invest) • Why a…Read More

Category: Financial Press

Our Bifurcated Recovery

The Standard & Poor’s 500 Index closed yesterday at a record high of more than 2,000. Yet many people feel that the economy is weak. There are numerous reasons for this, but the one I want to focus on has to do with employment and wages. The economy feels weak because, depending on your education,…Read More

Category: Bailouts, Consumer Spending, Cycles, Economy, Employment

Fueling Road Spending with Federal Stimulus

Fueling Road Spending with Federal Stimulus Sylvain Leduc and Dan Wilson FRBSF Economic Letter 2014-25 August 25, 2014         Highway spending in the United States between 2008 and 2011 was flat, despite the serious need for improvements and the big boost to state highway funds from the Recovery Act of 2009. A…Read More

Category: Taxes and Policy, Think Tank, Travel

Deflation Fears

Deflation Fear David R. Kotok August 26, 2014     A worldwide deflation fear is expanding and may actually be rampant. BCA Daily Insights (August 25, 2014) notes that, “out of 32 OEC countries, more than two-thirds have domestic inflation rates that fall short of 1%.” BCA analysts go on to argue that the worldwide…Read More

Category: Inflation, Think Tank

10 Tuesday PM Reads

My afternoon train readings: • Cutting the corporate tax would make other problems (The Upshot) see also The Republican civil war over taxes is coming (WonkBlog) • Financial Beliefs You Might Not Like (WSJ) • Active Versus Passive Is the Wrong Question (Morningstar) • More Economists See Fed Policy As Too Loose (Real Time Economics)…Read More

Category: Financial Press

Student Loans Are Going to Crush the Economy! (No, they are not)

  Student loans are the next great subprime crisis! At least that’s what the usual purveyors of doom and gloom say (see this, this and this). The numbers are big, the default rates are high and soon enough this is going to tip the economy into the next crisis or recession. Not so fast, writes…Read More

Category: Credit, Really, really bad calls