Many Negative Labor Market Trends Started before the Great Recession

Part I While some indicators show that the labor market has significantly recovered from the Great Recession, other indicators are causing concerns. In turn, policymakers and researchers continue to debate whether a full recovery is under way. An article in The Regional Economist examined some of these indicators and suggested that some of the downward…

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Central Bank Lending in a Liquidity Crisis

Central Bank Lending in a Liquidity Crisis Filippo Occhino 04.13.16       Solvent banks may appear insolvent in the midst of a liquidity crisis, due to the plunge of their assets’ value below their normal value. The responsibility of the central bank is to provide liquidity to the banks that would be solvent under…

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Auto and Student Debt Continue Rising

St. Louis Fed, April 12, 2016:   Consumers across the country are borrowing more to finance car purchases and pursue higher education, according to the latest issue of In the Balance. This issue launched the Quarterly Debt Monitor, a new offering by the St. Louis Fed’s Center for Household Financial Stability. This new offering will track…

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Supervising Large, Complex Financial Institutions: Defining Objectives and Measuring Effectiveness

Supervising Large, Complex Financial Institutions: Defining Objectives and Measuring Effectiveness Beverly Hirtle and David Lucca Liberty Street Economics, APRIL 11, 2016           Last month the New York Fed held a conference on supervising large, complex financial institutions. The event featured presentations of empirical and theoretical research by economists here, commentary by…

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Dallas Fed’s Kaplan: We Need Investments in Infrastructure & Education

Discussion of Economic Conditions and Implications for Monetary Policy Speeches by President Robert S. Kaplan Remarks before the University of Texas Investment Management Company 20th Anniversary Event Austin · March 3, 2016     Speech in PDF   Thank you for having me here today. I appreciate the opportunity to talk with you. A little…

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Smart Things People Do To Increase Their Tax Refund

William Sweet, CFP®, is an Investment Advisor at Ritholtz Wealth Management. Bill has spent much of his career minimizing the impact of income taxes on investment returns. He served on active duty in the US Army as an Armor Officer for six years and was awarded the Bronze Star for valorous action in combat in 2003 during Operation…

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Which Wage Growth Measure Best Indicates Slack in the Labor Market?

Which Wage Growth Measure Best Indicates Slack in the Labor Market? John Robertson, Ellyn Terry Macroblog, April 04, 2016     The unemployment rate is close to what most economists think is the level consistent with full employment over the longer run. According to the Federal Open Market Committee’s latest Summary of Economic Projections, the…

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Hey, Economist! What Did You Make of “The Big Short”?

Hey, Economist! What Did You Make of “The Big Short”? Jason Bram and Andreas Fuster Liberty Street Economics April 01, 2016       The Big Short has been making a big splash this year, racking up five Academy Award nominations and taking home the Oscar for best adapted screenplay. The movie provides a very…

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Projecting Real GDP Growth for the Next Decade

Real gross domestic product (GDP) is still well below its prerecession trend. And that gap may widen over the next decade, according to a recent Economic Synopses essay. Senior Economist Fernando Martin updated a November 2014 essay in which he found that real GDP would grow at a 2.3 percent annual averageuntil 2022, declining slightly…

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Stupid Things People Do To Increase Their Tax Refund

William Sweet, CFP®, is an Investment Advisor at Ritholtz Wealth Management. Bill has spent much of his career minimizing the impact of income taxes on investment returns. He served on active duty in the US Army as an Armor Officer for six years and was awarded the Bronze Star for valorous action in combat in 2003 during Operation…

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Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry

Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry Ryan Decker, Aaron Flaaen, and Maria Tito FRB, March 22, 2016       Oil prices have declined by roughly 70 percent since peaking in the middle of 2014. The U.S. oil rig count–a common measure of drilling activity–peaked in…

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Yellen: The Outlook, Uncertainty, and Monetary Policy

The Outlook, Uncertainty, and Monetary Policy Chair Janet L. Yellen At the Economic Club of New York, New York, New York March 29, 2016     For more than a century, the Economic Club of New York has served as one of the nation’s leading nonpartisan forums for discussion of economic policy issues. It is…

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What Tracks Commodity Prices?

What Tracks Commodity Prices? Thomas Klitgaard and Harry Wheeler Liberty Street Economics, March 21, 2016       Various news reports have asserted that the slowdown in China was a key factor driving down commodity prices in 2015. It is true that China’s growth eased last year and, owing to its manufacturing-intensive economy, that slackening…

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An Investor’s Income Tax Checklist

William Sweet, CFP®, is an Investment Advisor at Ritholtz Wealth Management. Bill has spent much of his career minimizing the impact of income taxes on investment returns. He served on active duty in the US Army as an Armor Officer for six years and was awarded the Bronze Star for valorous action in combat in 2003 during Operation…

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