Please Stop Talking About Inflation Adjusted Nasdaq
The last refuge of scoundrels is their blind insistence that all data points must be adjusted for inflation. I was reminded of this...
Are Oil Price Declines Good for the Economy?
Are Oil Price Declines Good for the Economy? Kevin L. Kliesen Federal Reserve Bank of St. Louis Economic Synopses, 2015, No. 3 ...
NFIB points to upward pressure on wages
From Torsten Slok, Deutsche Bank: The next ECI will be released on Jan 30 and the NFIB data that just came out points to more upward...
An Open Letter to Bernanke of Dubious Authorship
The Wall St. Journal, and perhaps other outlets, published an open letter to Ben Bernanke pleading for the immediate discontinuation of...
GDP fails ‘commonsense sniff test’
At the Columbia School of Journalism yesterday, a large part of our discussion was on how the media should report and interpret economic...
Taking a Closer look at Other 3+% GDPs
Over the years, I have criticized a variety of official data points as misleading: Consumer Price Index (CPI) for woefully understating...
Can You Break A Quadrillion ?
My South African friend, Prieur du Pleissis, shows us an insane check for a quadrillion and some odd change. Of course, its from...