Bubbles and Macro Risk

Frederic Mishkin says not all bubbles are a threat to the economy (link):

“Nonetheless, if a bubble poses a sufficient danger to the economy as credit boom bubbles do, there might be a case for monetary policy to step in. However, there are also strong arguments against doing so, which is why . . . → Read More: Bubbles and Macro Risk

¡Nuevo! Read Reed Hundt’s book, “In China’s Shadow”

If you want to understand Democrat fantasies in the absence of financial constraint or common sense, read Reed Hundt’s book, “In China’s Shadow.” Reed Hundt is a permanent member of the American politcal class, a Yalie, a partner in a high-powered law firm, head of Bill Clinton’s FCC, and a member of Barack Obama’s . . . → Read More: ¡Nuevo! Read Reed Hundt’s book, “In China’s Shadow”

N.Y. Manufacturing Accelerates into the New Year

The New York Federal Reserve’s Empire State manufacturing survey report released on Friday indicates accelerating December-to-January growth in the New York region. The general business conditions index rose signficantly from 4.2 in December to 15.92. (any reading above zero indicates month-to-month growth; the larger the number, the faster the growth).

The new manufacturing orders . . . → Read More: N.Y. Manufacturing Accelerates into the New Year