Benn Steil: Paul Krugman Doubles Down On Fiscal Expansion Claims Contradicted by Data
“Everything about recent experience,” Paul Krugman says, “suggests that the world desperately needs fiscal expansion to boost demand and … that our sole reliance…
The Looming Bubble in Long-Term Debt
In the aftermath of the financial crisis of 2007–2009, analysts and prognosticators have constantly argued over the next big bubble. Will it be in…
Trump Is Not Seeking Yellen’s Resignation, But Won’t Nominate Her For A Second Term
As we reported first thing this morning, one of the burning questions troubling Wall Street at this moment, is whether president elect Donald Trump…
Britain Should Embrace Unilateral Free Trade Right Now
If we read the newspapers or listen to the experts, Britain faces two ways to negotiate its way out of the European Union without…
“Subtle forward guidance”: The marriage between best practice central banking and commodity markets
In the years following the 2008 crash and today, the use of forward guidance from central banking policy makers has become increasingly important. What…
USD ready for a second leg higher – then what?
One year ago we showed the following chart to explain the relative strong dollar that was on everyone’s mind at the time. With a…
Benn Steil: History Shows Trump’s Trade Policy Is a Recipe for Recession
The central theme of Donald Trump’s economic policy is trade. He promises to slash America’s trade deficit by tearing up international agreements and imposing…
The Fed Who Cried Growth
By Jonathan Newman The FOMC has consistently overestimated future Fed Funds Rate (FFR) hikes. For a body that prides itself on super-scientific research methods and…
The Road to Fascism in Just Two Charts
Laws of politics have been turned upside down. The Intellectuals Yet Idiots can make no sense of it. The underdog who ‘tell it how…
David Stockman: A Messaging Tip For The Donald: It’s The Fed, Stupid!
The Fed’s core policies of 2% inflation and 0% interest rates are kicking the economic stuffings out of Flyover America. They are based on the specious academic…