President-elect Barack Obama today announced more details of the economic team that will be advising the new president. I find these quite encouraging.
Author Archives: James_Hamilton
Time for a change at the Fed
Plan A didn’t work. Plan B didn’t work. I suggest the Fed get going on Plan C.
The check is in the mail
Falling gasoline prices will provide some stimulus to the economy. But how much?
The anomalous fed funds market
Some further thoughts on the bizarre behavior of the interest rate that used to be the core instrument of U.S. monetary policy.
Investment advice for a wild market
Your retirement nest egg might have lost 40% of its value since this summer and 10% the last 2 weeks. What should you do? Here’s the advice I’ve been giving to friends who ask, as well as what I’ve been doing with my own portfolio.
Update on FDIC guarantee fees
On Saturday I noted that details of the FDIC guarantees of fed funds implemented on October 14 could introduce a substantial wedge between the fed funds target and the effective fed funds rate. Rebecca Wilder argues that this could not be affecting the current effective fed funds rate due to details of the “opt out” provision. Here I provide some further discussion of this point.
The new, improved fed funds market
Yet another week of institutional changes that render all those nice macroeconomic texts and professors’ lecture notes obsolete.
A new one for the playbook
Via Hot Air, an interesting way to score a touchdown.
A very weak employment report
More bad economic news arrived today from the Bureau of Labor Statistics.
Manufacturers report more bad news
A quick update on the October ISM report.