Mark Thoma notes that the most recent FOMC statement has changed from declaring growth is “likely to moderate” to “Recent indicators suggest that economic growth is moderating”. The first stages of the long-anticipated cooling of the housing market certainly appear to be here now.
Author Archives: James_Hamilton
Energy independence
A reader writes, “Can you provide for readers of Econbrowser a range of estimates for the price of crude oil at which the US would be self-sufficient in the present and near future?”
EPA report on boutique fuels
There is a curious difference between the EPA report on boutique fuels that was actually released by the EPA and the account in the mainstream press.
Oil market predictions
Cambridge Energy Research Associates seems to be substantially less optimistic than they were a year ago.
Inflation and the Fed
Certainly the recent inflation data have been– Dave Altig says
insert something negative here, so I’ll just say “unwelcome”. But when Fed Chair Ben Bernanke declared that’s exactly the way he sees it, too, markets stood up and took notice. Let’s review some of the dramatic market adjustments that have occurred since Bernanke’s June 5 remarks.
New Direction for America
The Democrats call it a New Direction for America. But to me, it looks like the same old same old.
Oil supply and demand
Five weeks ago, I wondered whether oil prices might have peaked at $75 a barrel. Time to take a look at some of the data that have come in since then.
Hawk or dove?
The pundits continue to be frustrated in their efforts to pigeonhole the Federal Reserve Chair.
Here and there around the web
A few items catching my eye around the web this week, including probability of recession, progress on refining capacity, and Greg Mankiw and his dog.
Saudi oil production
There’s something fishy about the story in Monday’s Wall Street Journal.