The Fed is likely to stop raising rates soon. What will be the final signal that enough is enough?
Hazards of partial reading and partial equilibrium analysis
For some people, the answer to every problem is a tax cut
2005: the oil shock that didn’t bite?
All but one of the recessions in the United States since World War II have been preceded by a dramatic increase in oil prices. Did we escape unscathed in 2005?
Some worries for 2006
Just when you thought it was safe to go back in the water, oil closed back up above $63 a barrel today. I earlier expressed the opinion that demand pressure would prevent an oil price collapse. But the news driving the market this week seems not to be demand but instead new concerns about supply.
Government interest payments on the rise
Government interest payments are on their way up. Payments to non-residents are going up even faster.
Properties of Some Labor Market Indicators
The information content of the establishment vs. household-based employment series vs. hours worked.
Who’s afraid of the big bad yield curve?
Lots of talk this week of an inverted yield curve, such as
Macroblog, Big Picture,
Economist’s View,
Hypothetical Bias, and Mises Economics Blog. What’s the big deal?
Natural gas prices
Whee, it sure is fun being a natural gas trader, don’t you think?
Here and there around the web
Catching my eye here and there around the web this week: the source found for one of Saturn’s rings and some interesting comments on Enron, Iran, and Americans serving in Iraq.
The post-recession employment record
How well are workers doing?