“I am the king of debt. I do love debt. I love debt.” -Donald J. Trump, May 2016 (WaPo)
UK PMI collapses. Term spread moves toward inversion.
Wisconsin nonfarm payroll (NFP) employment is 63.2 thousand below what historical correlations with national employment would imply.
That’s the title of a book commissioned by the Norges Bank on the bicentennial of the Bank’s founding, and edited by Michael D. Bordo, Øyvind Eitrheim, Marc Flandreau and Jan F. Qvigstad (published by Cambridge University Press). Here’s the table of contents:
Today, we are pleased to present a guest column written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. This is an extended version of a column appearing at Project Syndicate, July 13.
Despite aggressive actions by central banks, many of the world’s economies are still stagnating and facing new shocks, leading to renewed calls for helicopter money as a serious policy prescription for countries like Japan and the U.K.. And, if things go badly, maybe the United States?
Do shocks to agriculture and aircraft really explain Kansas’s dismal economic performance? If only one looked at Kansas GDP, would Kansas look just terrific?