America's Economic Future – A Discussion By Ted Kavadas
I found a few items of interest in the September Wall Street Journal Economic Forecast Survey. Perhaps the most interesting were the questions asked of the economists, including “Why is the U.S. recovery so disappointingly slow?” Also, similar to recent surveys in which this double-dip question has been asked, the survey said “The economists on …
“When you live in a bubble, everyone is delusional…” – -Nouriel Roubini, May 11 2010 Charlie Rose interview Many people fail to see any asset bubbles in our current economic environment. Others see isolated asset bubbles. As I have previously stated in the April 8 post, “Our societal inability to spot and prevent asset bubbles …
On September 9 The Wall Street Journal had various people respond to the question of “What Should the Federal Reserve Do Next?” Among the various responses, I found this excerpt from Allan Meltzer’s response to be most interesting: “In “A History of the Federal Reserve,” I concluded that the principal mistakes the Fed has made …
I have mentioned The Chicago Fed National Activity Index (CFNAI) in a variety of posts, first in a March 30 post and then in the monthly Updates on Economic Indicators. I view the CFNAI (which is usually expressed via a 3-month moving average denoted CFNAI-3) as being among the most valuable of commonly referenced official …
Bloomberg BusinessWeek had a story on September 2 titled “Wayne McLeod: The Life and Death of a Mini-Madoff.” This Ponzi scheme was particularly brazen as it targeted federal law enforcement personnel. The story is an interesting one. I would slightly disagree with one statement in the article, “As primitive as they are, Ponzi schemes are …
On September 1, Christina Romer gave a speech titled “Not My Father’s Recession: The Extraordinary Challenges and Policy Responses of the First Twenty Months of the Obama Administration.” (pdf) The main reason I highlight this report is for reference purposes, as I may comment upon it in the future. As those familiar with this blog …
(This is my second blog post that solely discusses pricing issues. My first was on April 23, 2010) Firms in general have enjoyed the economic “tailwind” of rising sales for decades. While this can be seen in a variety of measures, one of particular note is that of Retail Sales. As seen in the following …