Tucker Carlson: Putin’s Tool, Economic Fool

Russian history is filled with examples of credulous Westerners shilling for the Motherland. In the 1930s, New York Times columnist Walter Duranty praised Stalin’s regime, downplaying the political repression and murders, and staunchly denying the intentional starvation and pillaging of millions of Ukrainian farmers. Although savvier reporters were aware of the blatant horrors of the … Read more

Mortgage rates back over 7%, as stronger economic data rolls in

This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of … Read more

Winter 2024 Journal of Economic Perspectives Free Online

I have been the Managing Editor of the Journal of Economic Perspectives since the first issue in Summer 1987. The JEP is published by the American Economic Association, which decided more than a decade ago–to my delight–that the journal would be freely available online, from the current issue all the way back to the first issue. You can … Read more

“The Predictive Power of the Term Spread and Financial Variables for Economic Activity across Countries”: The US

From a new paper, NBER WP No. 32084, by myself and Laurent Ferrara, out today. Abstract: In recent years, there has been renewed interest in the moments of the yield curve (or alternatively, the term spread) as a predictor of future economic activity, defined as either recessions, or industrial production growth. In this paper, we … Read more

Viewpoint: Arena debate shows region needs new approach to economic development

We are witnessing a rapidly shifting landscape from Baltimore to Richmond with 10 million residents across increasingly diverse communities, cultures, businesses, and educational institutions. The traditional approaches to economic growth are no longer sufficient. Three months ago, I highlighted the importance of regionalism and the role that it must play for Greater Washington to achieve … Read more

Gold Soars to $2,029: The New Economic Refuge!

In the ever-changing landscape of global markets, investors often find solace in precious metals, with gold typically leading as a symbol of stability and a hedge against economic uncertainties. Gold prices have recently fluctuated, capturing traders’ attention worldwide as they monitor various economic indicators. This article explores recent trends in gold prices, the impact of … Read more

The Wisconsin Economic Situation | Econbrowser

WMC has a survey of 180 member firms  out indicating only 22% of respondents believed that the Wisconsin economy is strong. Source: WMC.   This is a strange finding in light of today’s December employment release, which showed continued employment growth. Figure 1: Wisconsin Nonfarm Payroll Employment (black, left scale), and Philadelphia Fed early benchmark … Read more

The Atavistic Component of Republican Economic Sentiment as Overall Sentiment Jumps

One of the mysteries of recent times has been the divergence between conditions (say, as measured by the Misery Index) and measured consumer sentiment. Figure 1 shows the U.Michigan sentiment index (FRED variable UMCSENT) vs. the sum of inflation and unemployment rates over the 2016-24M01 period. The jump in UMCSENT of 9 was about 2 … Read more

Duke History of Economic Thought Summer Institute

We are very excited about this year’s program, which will focus on giving participants the tools to set up and teach their own undergraduate course in the history of economic thought. There will also be sessions devoted to showing how concepts and ideas from the history of economics might be introduced into other classes. The … Read more

The Future of Gold Prices Amid Economic Data and Geopolitical Challenges

January 12, 2024 (Investorideas.com Newswire) The price of gold (XAU/USD) rebounded from its weekly low of $2013 to reach $2038 during early Friday trading hours. However, I believe the upward trend in gold prices may be limited due to the possibility that the Federal Reserve may not start lowering interest rates early this year as … Read more