Category Archives: Economics

COTD: Pity the I-Bankers and Lawyers

Can this be true?    Blue collar wages outpacing white collar over the past two years? Fake data?  Just yankin’ your Markov chain! “Though only a few industries accounted for much of the recent acceleration in AHE [average hourly earnings], it … Continue reading

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COTD: Size of U.S. Economy v Europe

Source:  Independent

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Quote of the Day: Underfunded California Pensions

If the Dodgers fall short, though, fans will be merely disappointed. If CalPERS or CalSTRS falls short, those same fans (and everyone else in California) will have to pay extra to make up the shortfall.  – Reason.com

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The Resurgence of the State in the Chinese Economy? – PIIE

Probably one of the most productive hours you will spend all year understanding the Chinese economy.   The Peterson Institute is very good. . Published on Feb 7, 2017 PIIE experts assess the degree of resurgence of the state in the … Continue reading

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U.S. GDP: The Real Estate Economy

Interesting data that even surprised us.  The real estate sector is now the largest sector of U.S. economy.   Real estate is a sub-category of the BEA’s  industry group, Finance, insurance, real estate, rental, and leasing.   Could it be one of … Continue reading

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The Proposed Border Tax’s Costs Outstrip Its Benefits – PIIE

Published on Feb 7, 2017 Adam S. Posen outlines the potential gains from a proposed corporate tax overhaul but says the costs, especially to lower income groups, outweigh the benefits. .

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COTD: Trade With Mexico

(COTD = Chart of the Day)

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“Good Trump” Catapults Dow To 20K As “Bad Trump” Lurks

Party on, Garth! The Dow crossed 20k as the market perceives accelerated future profit growth from the “Good Trump” policies – deregulation, etc. – and traders surf the Keystone pipeline to higher prices.   The momentum will continue until it … Continue reading

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QOTD: IMF Economic Forecast

There is thus a wider than usual range of upside and downside risks to this forecast. A sustained non-inflationary growth increase, marked by higher labor force participation and significant expansion of the U.S. capital stock and infrastructure, would allow a … Continue reading

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