Once again I recommend the most recent statement of our Federal Reserve Chair as some of the finest economic analysis you will find anywhere.
Author Archives: James_Hamilton
Indications of slower growth
This week’s data paint a picture of slowing growth.
M3 or not M3?
In response to a post earlier this week on M2 and inflation, one of our readers asks why I looked at M2 rather than M3. Here’s the answer.
M2 and inflation
High commodity prices and indications of rising inflation have renewed interest in the hypothesis that the U.S. has been increasing the money supply in recent years at an excessive rate.
Wedges and widgets
The phenomenal boom of Canada’s oil sands industry continues, despite the complete absence of any government crash program to cope with peak oil.
Natural gas and crude oil prices
Can natural gas fall this far without oil prices moving more?
Stagflation
We all understand that the Fed’s next move depends on incoming data. But what if the incoming data raise concerns of both higher inflation and slower output growth?
Commodity price inflation
Commodity markets have been a little too exciting recently for my quiet tastes.
Early indications of trouble
One leading indicator heads south this week.
Congressionally mandated shortages
Last week the U.S. House of Representatives voted by an overwhelming margin to guarantee gasoline shortages the next time we face a significant disruption in petroleum supplies.