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

With the economy still weak, I expect the key phrase that interest rates will remain as is for “considerable time after the asset purchase program ends” to remain in the Fed’s statement following their two-day meeting this Wednesday. Altering this…

The Friday File: The New England Patriots have the priciest average non-playoff game ticket prices at $122 (non-premium) and $566.67 (premium). The NFL averages are $84.43 and $252.06. Costliest brew: Oakland at $10.75, priciest parking, Dallas at $75, costliest hat,…

Scotland’s independence bid assumes using the British Pound and gaining EU admittance. Britain will forbid Scotland from using the Pound and the EU will force Scotland to apply for EU membership and adopt the euro. Scotland could bypass the EU…

In 2010, households headed by those under age 35, the Millenials, had median income of $37,600, now it’s just $35,300. Worse, 41.4% of them have student loans, up from 33.6% in 2007 and 23.3% in 1998 and the balances are…

The combination of falling gas prices, zero percent six-year financing, an aging fleet, and newly styled feature-rich cars is turbo-charging auto sales. Annualized 8/14 sales were a stunning 17.53 million units, up from 15.94 million in 8/13, 11.80 million in…

The Friday File: The most expensive divorce, as measured by settlement size, is the $4.5 billion Dmitry Rybolovlev paid to his ex-wife Elena. Second is Alec Wilensein’s $2.5 billion payment to his ex-wife Jocelyn. But, these numbers are likely to…

Doing away with the unrefined oil export ban would increase the export price of US oil, making producers, landowners and governments happy. It would also spur more drilling activity which would slightly reduce the world price of oil. That would,…