The Fed is getting it wrong, say Morgan Stanley, with a chunk on expectations and yield curve flattenings driving the dollar weaker:
By: David Keohane
We’re not happy about this either…
Former banker and banking lawyer Martin Lowy reminds us that increasing debt levels don’t always lead to financial crisis.
By: Guest writer
The variable that really matters for investment isn’t profits. It’s growth.
By: Cardiff Garcia
There don’t seem to be any heroes in Illinois’ budget mess. One analyst says the situation might not improve until the state loses access to capital markets altogether.
By: Alexandra Scaggs
The productivity problem is real — and getting worse.
By: Matthew C Klein
In their own words, it’s “a perfect example of unique proprietary design which has almost no bearing on those who discuss it. ”
Cutting taxes on actual workers would be a good start.
Tax cuts may or may not be a good idea. But worrying about the impact on the deficit is silly.
Even if you trust consumer sentiment data, there is little to suggest that the improvement in expectations will lead to significantly more spending.
First-quarter US corporate earnings have been pretty good… So far.
Missing its target…again.
Lower overall tax rates and a bigger standard deduction could more than offset the impact.
Enough with that blasted Oliver Wendell Holmes quote.
In this guest post, former banking lawyer Martin Lowy explains the problems with ring-fencing investment banking from commercial banking and proposes a simpler solution for limiting systemic risk.
Oh, to be young, rich, male, and heavily indebted.
But it’s complicated…
By: Kadhim Shubber
The triumph of hope over experience.
Post-crisis mortgages cost more. That might be because banks are doing them properly this time.
Jamie Dimon thinks there is “too much” capital in the banking system. Fed economists in the supervisory division think there isn’t nearly enough.
If all the free-thinkers in a country leave, guess who’s left?
Pension plans don’t speculate on macro trades.
This is a real puzzler.
Cashing out of stocks after prices have dropped can make a lot of sense if you’re worried that incompetent policymakers are about to drive your country into a repeat of the Great Depression.
The euro area starts to look like a functional monetary union when you focus on America’s worst-performing state.
New research on why people stop paying their mortgages from New York seems to contradict older research on the subject from Atlanta and Boston.
Creative efforts to detract from the standard narrative don’t hold up to scrutiny.
A few brief thoughts on the departure of another Fed governor.
It’s less important to introduce century bonds than to measure duration correctly and fill out the belly, writes Winthrop T Smith.
“Yet the country most at risk of meeting the Treasury’s official criteria of currency manipulation is probably Switzerland.”