Last week, the Wall Street Journal highlighted a Federal Reserve report on total household net worth. Surprise! Americans are richer than ever before, both in nominal and real terms. At the same time, though, wealth inequality is increasing from its already Gilded Era levels.
This is a syndicated repost courtesy of The Baseline Scenario. To view original, click here. Reposted with permission. By James Kwak Have Primary Dealers Built…
This is a syndicated repost courtesy of The Baseline Scenario. To view original, click here. Reposted with permission. By James Kwak Have Primary Dealers Built…
The following is excerpted from Bronte Capital: The Macroeconomics of Chinese kleptocracy. China is a kleptocracy of a scale never seen before in human history… Have…
The Profession and the Crisis
Paul Krugman
Woodrow Wilson School, Princeton University, Princeton, NJ 08544-1013, USA
So we’re having an economic crisis. I say “having,” not “had,” because we have by no means recovered. Financial panic may h…
U.S. bond yields plunge as investors flood debt
On Thursday August 18, 2011, 11:10 am
By Karen Brettell
NEW YORK (Reuters) – U.S. Treasury prices soared on Thursday and benchmark 10-year note yields fell below 2 percent for the first time as global e…
A veritable plethora of contradictory statements that could lead you to believe that Bernanke is a few slices short of a loaf….
“I am a macroeconomist rather than an historian. My focus will be on broad economic issues rather than details.”
Pro…
