The Federal Reserve has made its reaction function pretty clear. There needs to be durable, sustainable improvement in the unemployment rate so that it goes below 6.5%. To that end,…
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Posted in U.S. Policy & Politics
Tagged bonds, employment, Fed, Federal Reserve, labor, QE, unemployment
Consumer credit outstanding reached $2.58 trillion in June, the highest level since its peak in July 2008.1 At a time when debt, both personal and government, has become a four-letter…
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Posted in U.S. Policy & Politics
Tagged credit, debt, housing market, U.S. economy, unemployment
Although I risk reinforcing my intra-familial reputation for being a curmudgeon, I’ll begin by admitting that the Northeast’s recent burst of beautiful spring weather and the profusion of buds and…
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Posted in U.S. Policy & Politics
Tagged employment, labor market, U.S. economy, unemployment
As if economists weren’t already killjoys enough, someone just sent me an article entitled, “Do Not Buy Dad a Tie: The Economist’s Guide to Giving Christmas Presents that People Actually…
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Posted in U.S. Policy & Politics
Tagged consumer spending, credit, U.S. economy, unemployment