Discussions
Your Credit Card Will Pay for the Next Recession
Via: bob-nelson
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Stock Market & Investments
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45 Comments
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7 years ago
Every three months , a select group of Federal Reserve officials gets together to guess where the federal funds rate is headed. That’s the interest rate banks charge one another for overnight...
Trump’s Taking Us From Temper Tantrum to Trade War
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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7 years ago
In one way, Donald Trump’s attack on our foreign trade partners resembles his attack on immigrants: in each case, the attack is framed as a response to evildoing that exists only in his...
America’s cheese stockpile just hit an all-time high
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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7 years ago
The United States has amassed its largest stockpile of cheese in the 100 years since regulators began keeping tabs, the result of booming domestic production of milk and consumers’ waning...
For the last time: Trump inherited a good economy, and he hasn’t made it better
Via: bob-nelson
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Stock Market & Investments
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9 Comments
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7 years ago
President Trump, who came into office when unemployment was at a then-10-year low, thinks that he was “given a very tough hand,” because when he “came up here, we had an economy that was going...
For the biggest group of American workers, wages aren’t just flat. They’re falling.
Via: bob-nelson
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Stock Market & Investments
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2 Comments
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7 years ago
President Trump has touted a strong economy, but one measure shows the value of wages has decreased for most American workers. Jeff Swensen/Getty Images The average hourly wage paid to...
Killing the Myth of the Gig Economy
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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7 years ago
Many pundit types were thrown for a loop by the Labor Department's release of its Contingent Worker Survey yesterday. The survey, the first one since 2005, showed no increase in the percentage of...
No You Assholes, Obama Did Not Do It Too
Via: bob-nelson
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Stock Market & Investments
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105 Comments
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7 years ago
Let's get this straight: Donald Trump did something unbelievably stupid when he tweeted about the jobs report last Friday morning, 69 minutes before it was public. The president gets an advance...
Oh, What a Stupid Trade War (Very Slightly Wonkish)
Via: bob-nelson
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Stock Market & Investments
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138 Comments
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7 years ago
So, the trade war is on . And what a stupid trade war it is. Steel pipes being uploaded for transport in Sassnitz, Germany. Stefan Sauer/DPA, via Associated Press My regular column...
Washington Post Headline Writer Hypes Trucker Shortage
Via: bob-nelson
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Stock Market & Investments
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2 Comments
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7 years ago
The headline of the Washington Post article should have us all worried, "America has a massive truck driver shortage. Here's why few want an $80,000 job." That sounds pretty dramatic. The...
Capital’s Share of Income Is Way Higher than You Think
Via: bob-nelson
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Stock Market & Investments
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3 Comments
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7 years ago
Almost half of households’ market income is received for just being wealthy: owning stuff. The shares of income going to “capital” and “labor” are vexed issues. How much is received for...
It's Up to Republicans to Legalize Marijuana
Via: bob-nelson
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Stock Market & Investments
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101 Comments
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7 years ago
If only Nixon could go to China, as the saying goes, then maybe only Republicans can legalize weed. Marijuana has now been legalized for medical use in many states -- only Idaho, Kansas,...
IMF Strikes Out in Projecting Unemployment as Badly As the Fed
Via: bob-nelson
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Stock Market & Investments
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3 Comments
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7 years ago
Those of us pushing the Federal Reserve Board to hold off on raising interest rates have pointed out that the members of the Fed's Open Market Committee, like other economists, have repeatedly...
The one tax graph you really need to know
Via: bob-nelson
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Stock Market & Investments
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43 Comments
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7 years ago
At the heart of the debate over "the 47 percent" is an awful abuse of tax data. This entire conversation is the result of a (largely successful) effort to redefine the debate over taxes from...
On trade, Trump either doesn’t understand the basic facts or he doesn’t care
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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7 years ago
Currencies go up, and currencies go down, but that doesn't necessarily mean that they're being manipulated. That's about as generic as statements get, but it's apparently news to President...
Stock futures plunge, with the Dow heading for a 500 point drop, after China announces new tariffs
Via: galen-marvin-ross
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Stock Market & Investments
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60 Comments
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7 years ago
U.S. stock index futures tumbled ahead of Wednesday's open, as concerns over a potential trade war between the U.S. and China intensified. Around 7:30 a.m. ET, Dow Jones industrial average...
Dollar's Decline Laid Bare in Real Rates
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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7 years ago
Dollar's Decline Laid Bare in Real Rate One thing that could reverse the greenback's drop is if the Fed's doves acknowledge the need to boost interest rates. The dollar is depreciating....
Coal’s Decline Seems Impervious to Trump’s Promises
Via: bob-nelson
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Stock Market & Investments
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7 Comments
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7 years ago
BOBTOWN, Pa. — When Nic Zmija applied for a job at the 4 West coal mine three years ago, he was tantalized by a fat raise and a secure future. Once hired, he was told that someday even his two...
Does Mnuchin Know? The Dollar Is Weak Already
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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7 years ago
Investors were bidding up the euro during Trump's first year. European and Asian stocks outperformed U.S. markets, too. In dozens of tweets, President Donald Trump has pressed his claim that...
The Fed Is Targeting the Wrong Inflation
Via: bob-nelson
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Stock Market & Investments
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1 Comments
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7 years ago
Consumers are increasingly asking: Is this a need or a want? A discernible gap between the rate of price increases for necessities and the one for discretionary purchases is putting the Federal...
Why Americans Missed Out on Public Domain Day (Again)
Via: bob-nelson
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Stock Market & Investments
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3 Comments
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7 years ago
Aleister Crowley, Dorothy Parker, and René Magritte joined the public domain in 2018, but not in the United States While the rest of the world celebrates free access to the creative work of...
Chinese Consumers Now Rule the World. Get Used to It
Via: bob-nelson
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Stock Market & Investments
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4 Comments
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8 years ago
It's no longer the "world's factory" as Singles' Day blows away Black Friday. It’s way past time to stop calling China the world’s factory. The country is increasingly the world’s...
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