News
Market Watch | Jobless claims still signal strong U.S. hiring
The number of people who applied for new unemployment benefits in mid-December remained below 300,000, a level typically associated with strong hiring.
Thursday, December 18, 2014
Wednesday, December 17, 2014
General Economics
News
Market Watch | U.S. consumer prices post biggest drop in six years
U.S. consumer prices fell in November by the largest amount in six years, a bonanza stemming from plunging oil prices that also boosted inflation-adjusted worker pay. The consumer price index declined by a seasonally adjusted 0.3% in November, the largest drop since December 2008.
Econ Comments & Analysis
Wall Street Journal | U.S. Economics Team Has Deep Bench in Handling Russia Crises
With Russia’s economy on the brink of collapse, the White House, Treasury Department, and Federal Reserve have a number of senior officials with deep experience to draw from, having worked closely during the Clinton administration to deal with Russia’s 1998 default.
Blogs
Wall Street Journal | Oil’s Plunge Is Pushing Mortgage Rates Down
Low oil prices may offer a hidden gift to consumers beyond the gas pump: They could also indirectly support lower mortgage rates.
Market Watch | U.S. consumer prices post biggest drop in six years
U.S. consumer prices fell in November by the largest amount in six years, a bonanza stemming from plunging oil prices that also boosted inflation-adjusted worker pay. The consumer price index declined by a seasonally adjusted 0.3% in November, the largest drop since December 2008.
Econ Comments & Analysis
Wall Street Journal | U.S. Economics Team Has Deep Bench in Handling Russia Crises
With Russia’s economy on the brink of collapse, the White House, Treasury Department, and Federal Reserve have a number of senior officials with deep experience to draw from, having worked closely during the Clinton administration to deal with Russia’s 1998 default.
Blogs
Wall Street Journal | Oil’s Plunge Is Pushing Mortgage Rates Down
Low oil prices may offer a hidden gift to consumers beyond the gas pump: They could also indirectly support lower mortgage rates.
Monetary
News
Market Watch | Now it’s the Fed’s turn to pour grease on the market fire
Traders have spent much of 2014 kvetching about a lack of volatility in the market. Well, kvetch no more. After a November snooze that saw major indexes barely budge for weeks on end, markets have suddenly become as volatile as a blotto Mel Gibson at a bar mitzvah.
Market Watch | Low-rate pledge may stay in Fed statement
Despite widespread reports to the contrary, the Federal Reserve might retain its policy-statement pledge to the market that it will wait a “considerable time” before hiking interest rates.
Market Watch | Now it’s the Fed’s turn to pour grease on the market fire
Traders have spent much of 2014 kvetching about a lack of volatility in the market. Well, kvetch no more. After a November snooze that saw major indexes barely budge for weeks on end, markets have suddenly become as volatile as a blotto Mel Gibson at a bar mitzvah.
Market Watch | Low-rate pledge may stay in Fed statement
Despite widespread reports to the contrary, the Federal Reserve might retain its policy-statement pledge to the market that it will wait a “considerable time” before hiking interest rates.
Taxes
Econ Comments & Analysis
Investors.com | Laffer Curve at 40: Why It Still Matters for Tax Rates
At a Washington, D.C., dinner some 40 years ago that has taken on a life of its own, the late Jude Wanniski, Don Rumsfeld, Dick Cheney and I discussed the topic du jour: President Ford's proposed 5% tax surcharge, which was the centerpiece of the dead-on-arrival Whip Inflation Now (i.e. WIN) program.
Investors.com | Laffer Curve at 40: Why It Still Matters for Tax Rates
At a Washington, D.C., dinner some 40 years ago that has taken on a life of its own, the late Jude Wanniski, Don Rumsfeld, Dick Cheney and I discussed the topic du jour: President Ford's proposed 5% tax surcharge, which was the centerpiece of the dead-on-arrival Whip Inflation Now (i.e. WIN) program.
Budget
News
Market Watch | Current-account deficit rises slightly to $100.3 billion in third quarter
The U.S. current account deficit widened slightly to $100.3 billion in the third quarter from a revised $98.4 billion in the prior period, preliminary figures show.
Market Watch | Current-account deficit rises slightly to $100.3 billion in third quarter
The U.S. current account deficit widened slightly to $100.3 billion in the third quarter from a revised $98.4 billion in the prior period, preliminary figures show.
Tuesday, December 16, 2014
General Economics
News
Market Watch | U.S. housing starts decline 1.6% in November
Construction started on new U.S. homes declined 1.6% in November, led down by single-family homes, signaling some market shakiness, according to government data released Tuesday.
Econ Comments & Analysis
Wall Street Journal | The Reagan-Clinton Template for Success
After his re-election to become the next majority leader of the Senate, Mitch McConnell’s first words were not about his or his party’s wins but rather about America’s winning formula. Recalling that the nation’s legacy of strong economic growth has long coexisted with a tradition of divided government, Sen. McConnell suggested that the new Congress should try to replicate the bipartisan achievements of Ronald Reagan and Bill Clinton that delivered the most prosperous times in the past half-century.
Market Watch | U.S. housing starts decline 1.6% in November
Construction started on new U.S. homes declined 1.6% in November, led down by single-family homes, signaling some market shakiness, according to government data released Tuesday.
Econ Comments & Analysis
Wall Street Journal | The Reagan-Clinton Template for Success
After his re-election to become the next majority leader of the Senate, Mitch McConnell’s first words were not about his or his party’s wins but rather about America’s winning formula. Recalling that the nation’s legacy of strong economic growth has long coexisted with a tradition of divided government, Sen. McConnell suggested that the new Congress should try to replicate the bipartisan achievements of Ronald Reagan and Bill Clinton that delivered the most prosperous times in the past half-century.
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