The Bowtie Economist's Daily Dose of 70-Word Wisdom

While down from December, January’s 151,000 new jobs was solid! The labor force participation rate rose to 62.7%, 0.3 points above the September low, and its best showing since 5/15; for those 25-55 the LFPR is up 0.5 points since…

The Friday File: With a prediction rate of 82%, a level any economist would be proud of, and a streak of perfection dating back to 2009, the Super Bowl Predictor is not to be taken lightly, despite having not a…

To reduce corporate inversions, where US firms buy foreign firms to reduce taxes, in 9/14 the Treasury attempted to curb such deals by making them more difficult. That said, in the 16 months since 9/14 there have been 12 corporate…

With manufacturing weak, services weakening, inflation non-existent, credit spreads widening, the long end of the yield curve not rising, and central banks in Europe, Japan and China all actively easing, the Fed will almost certainly not raise rates in March.…

Despite weak economic growth throughout the developed world, the only institutions trying to fix things are central banks. And while they can do a great deal, they cannot permanently boost economic growth via increased infrastructure spending or by passing tax,…

The Saudis won’t reduce oil production, Iraqi output rose by 900,000 bbl/day last year with output likely to continue to increase in 2016, and Iranian output is set to surge by at least 600,000 bbl/day. Add to that weakening global…

The Friday File: US colleges raised $40.31 billion last year, up 7.6% from 2014. Stanford raised the most; $1.63 billion, followed by Harvard at $1.05 billion, USC at $650 million, UCSF at $610 million and Cornell at $590 million. The…

In 2015, Brazil’s economy shrunk by 4% and it will contract 3.5% more in 2016. Moreover, inflation is 10.7% and rising quickly. Yet the central bank didn’t raise rates. This may be because debt service already consumes a whopping 8%…

In today’s post-meeting statement, the Fed is trying to keep their options open and separate signal from noise. If employment and inflation continue to improve, they will raise rates in March. But given the strengthening dollar, widening credit spreads, weakening…

While auto sales hit 17.5 million in 2015, slightly surpassing the prior record set in 2000, the US population is now 12.7% larger! Per capita sales are falling because the percentage of persons with driver’s licenses are declining. The percentage…