Weekly Market Compass
The Fed: Set to Fail Conventionally?
The Fed has achieved its dual mandate of price stability and maximum employment. So why will it ease gradually and not all at once?
‘Whac-a-Mole’ Economics
Ever since the global financial crisis, politicians have jettisoned economic theory for reflexive solutions to economic challenges. Neither
The Fed’s Awkward Dismount
Fed Chairman Powell was poised to be hailed as the central bank gold medalist who stuck the soft landing. Has this changed?
Building Up, Breaking Down
Driving 30,000 miles around the United States is a good way to be reminded of some of life’s most important lessons.
The Coming US Tax Battles
The controversial 2017 Tax Cuts and Jobs Act will expire next year, spurring heated fiscal debate.
Don’t Kid Yourself, There is A Choice
We deserve better candidates for the world’s most powerful and important job, but we cannot let frustration be our master — this year’s
When the Rules Change
Charlie Brown, and the iconic cartoon series Peanuts, has much to teach us about how to navigate a time of fundamentally changing norms.
Inflation: The Making of a Good Story
Inflation is perhaps the key topic of today’s political economy, but it is also one that is ripe for storytellers to manipulate.
Jedi Mind Tricks
If you could give yourself and other young women advice on how to navigate a male-dominated society, what would it be?
Life Doesn’t Come With a Manual, It Comes With a Mother
This Mother’s Day, we honor our mother’s in prose and verse.
You Can Do This
When despair, fear and helplessness set in, it is important to recall the skills and experiences that calm our minds and allow us to persevere.
Why Inflation (Still) Matters
A gummed up US housing market threatens the Fed’s inflation target. It could also undermine markets and President Biden’s re-election
Monetary Policy: The Dog That Did Not Bark
The US economy has become less sensitive to Fed rate hikes. But the Fed can still ease this year, given declining inflation.
Why Are We So Glum?
The economy is objectively strong, but Americans are undeniably pessimistic, convinced the American Dream is slipping away.
The Future of ‘Sworking’
Seniors working, or ‘sworking,’ is a true potential win-win that could help alleviate pressure both on public pensions and on the elderly’s
Trump, Avalanches, and Character
Sometimes, an avalanche is triggered by one final snowflake weighting a slope beyond what it can take. Could Trump’s growing litany of legal
The Economic State of the Union
As President Biden prepares to deliver his State of the Union address, it is an opportune time to consider what the economic data says about
2024 Elections: The Trump “Dummy” Factor
The Trump effect is well-known, but not for what the conventional wisdom believes — the data suggest that Trump consistently hurts his and
Davos and the Perils of Prediction
Why is it that a gathering of the world’s wealthiest and most powerful people tends to produce such an inability to predict the future?
It’s (More Than) the Economy, Stupid!
Lower inflation and low unemployment, alone, may not ensure Biden’s reelection. Voter economic angst runs deeper and broader than simple
Not Just Democracy on the Ballot
Liberalism, far more than democracy, is at stake in this year’s elections. What America and the world need are voices that can rejuvenate
What we Hope for in 2024
In 2024, we have three hopes for a better world.
Whither Interest Rates?
Absent recurring aggregate supply and demand shocks, or a global private sector investment boom, lower interest rates are here to stay.