and declining.
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Kansas GDP Growth Nil
Quarterly GDP figures for Kansas indicate essentially zero q/q growth in 2016Q4, and 0.3% y/y. This is true despite the end of the drought. BEA Plains region growth outpaces Kansas, as well.
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Coverage Implications of the Revised AHCA
Or, “CBO Score — them’s fightin’ words!”.
From today’s CBO score of the AHCA, bottom line, 14 million more uninsured next year, and 23 million more by 2026.
“Tooth Fairies and Ludicrous Supply-Side Economics”
That’s how Larry Summers described the growth forecasts underpinning the Trump budget released today. And I can’t really disagree, regarding the medium to longer term forecasts.
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Guest Contribution: “Big Data and Fake Forecasts”
Today, we are fortunate to present a guest contribution written by Simon van Norden, Professor of Finance at HEC Montréal.
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Guest Contribution: “The Real Exchange Rate and Economic Growth: Revisiting the Case Using External Instruments”
Today we are pleased to present a guest contribution written by Maurizio Michael Habib, Elitza Mileva and Livio Stracca. The views expressed belong to the authors and are not necessarily shared by the institutions to which the authors are affiliated.
Is the Trump Dollar Rally Over?
Mix together the dashing of great (plutocratically oriented tax cut) expectations, the complete absence of any plan for infrastructure spending, and mix in some risk, and one gets this:
Figure 1: Dollar index (DXY). Source: Tradingeconomics.
Pondering Economic Policy Implementation over the Next Four Years
From Reuters today:
“It’s becoming increasingly difficult to attract good people to work in this administration,” said one senior official. “In other cases, veteran people with expertise are leaving or seeking posts overseas and away from this White House.”
“Exchange Rate Models for a New Era: Major and Emerging Market Currencies”
That’s the title of an upcoming conference organized by Global Research Unit at Department of Economics and Finance, City University of Hong Kong, Bank for International Settlements, Asian Office, Centre for Economic Policy Research, and Journal of International Money and Finance, May 18-19 at City University Hong Kong. The conference program is here, official conference website here.
FinCEN to Share Information with Senate Intelligence Committee
As noted in Wednesday’s post, FinCEN — the Treasury’s Financial Crimes Enforcement Network — was asked by the Senate Intelligence Committee about information regarding connections between Russia and Trump and his associates. News reports indicate that FinCEN will provide the requested information.