Macro Impact of Rates
I mentioned in the prior post that higher rates impact consumers in a negative fashion; Let’s look at some additional details, and...
NFP lifts Yields & Spooks Stocks
Don’t say you weren’t warned. Yesterday’s NFP data was only slightly warmer than consensus — 211k vs 200k —...
Giving the Fed Excuses for More Tightening
We noted last week that the shorter term risk was to the upside. After outlining many of the technical positives of the market, we noted...
At the Margins
How significant has the rise in energy costs to households been over the past 5 years? The answer might surprise you. New data...
Econ 101 Class
I am teaching an Intro to Economics class this spring at NYU’s (School of Continuing and Professional Studies). The syllabus for...
Compare and Contrast: Millionaires versus 18 – 40 ...
We’ve run numerous stories discussing the decline of the middle class in the US. Historically, the middle class as we have come to...
Carnival of the Economists
Over at Macroblog, Dave Altig collects lots of Odds And Ends from the week’s economic writings. He’s a one man Carnival...
GDP versus Wages
The wealthiest quintile’s total wages income are down 8.3% after taxes? That counter-inutitive statement is shown in the chart...
Famous Last Words
Barron’s notes that while Bernanke did not utter those four special words, the meaning of his speech this past Monday essentially...
New Real Estate Phase: Repricing Houses Downwards?
As we noted Thursday, we had very strong existing home sales. But before you freak out about the Fed going to 6%, put this into context:...