Econ70

Pricey Presents The Friday File: This Chrismahanukwanzakah let me suggest several wonderful last minute gifts for the special someone on your list who has everything. A $149,000 Swedish Hastens Vividus bed; must be some bed! Or, how about a week…

Net income at all 6,021 credit unions in 2015 was $8.7 billion, up 0.3% from 2014 when there were 6,273 credit unions. For credit unions with assets greater than $500 million, return on assets (ROA) averaged 86 basis points or…

Despite correctly anticipating a quarter-point rise in the Fed Funds rate today, the stock market fell 0.8%, the dollar soared by almost 1% and the 10-yr treasury skyrocketed a tenth-of-a-point to 2.57%, its highest yield since 9/22/14. Why the big…

As the Fed begins to raise interest rates, it affects all nations but especially emerging markets. Rising rates, and thus improved US returns, vacuum up money from developing nations, causing their currencies to decline. This forces those nations to consider…

The Friday File: The highest mountain in the US is Denali at 20,320 feet. The next 22 tallest US mountains are also in Alaska. Outside Alaska, the tallest mountain is Mount Whitney in California at 14,494 feet. Of the 96…

11/16 was the first month since 12/14 that all five Federal Reserve bank regional manufacturing surveys were positive. The five Fed regional banks that survey manufacturers are Dallas, Kansas City, New York, Philadelphia, and Richmond. While all the indices have…

Seventy-five years ago today, a Japanese strike force of 353 planes staged a surprise 110 minute attack in two waves on Pearl Harbor, killing 2,403 Americans. Of the eight battleships in Pearl Harbor that day, four were sunk, one was…

Trump’s decision to essentially force Carrier to preserve 800 manufacturing jobs in Indianapolis is bad policy. If Trump thinks stunts like this will reverse the macroeconomic tide, he’s woefully uninformed. Moreover, other firms may threaten to outsource jobs to get…

Subtracting November’s excellent unemployment rate of 4.6%, (tops since 8/07) from the November U6 rate of 9.3%, the most expansive measure of unemployment and underemployment (and the best since 4/08), is a quick way to measure labor force slack. That…