Just an FYI here. I added a reference page in the “tools and resources” dropdown along with some other myth busting posts. This one covers some of the more popular myths about the Federal Reserve. If you can think of any I should add please let me know. Thanks.
Rail Traffic Hits a New 12 Week High
Rail traffic continued to show signs of growth in the early weeks of 2014 with carloads and intermodal traffic both showing single digit growth. The AAR reported intermodal traffic 4.8% higher than last year which brought the 12 week moving average to a new high of 7.68%.
The Anti-Scientific Foundation of Macroeconomics
Interesting post here by Paul Krugman. He discusses some of the rather illuminating lessons from the crisis and how some people have simply refused to alter their perceptions of the world despite these lessons. For instance:
Some Thoughts on the Job’s Report
Lots of other people gave offered up their opinions and analysis on this morning’s job’s report so I’ll just provide a summary perspective: The December reported job gains of 74K [ … ]
Whom Does the Fed Serve?
In my article on economic myths I raised the point that the Fed isn’t quite the conspiracy construct that many believe it to be. And in the past, I have argued [ … ]
Goldman Sachs: 5 Risks to the Economy and Markets in 2014
What keeps analysts at Goldman Sachs up at night? In this recent note they provided 5 risks to their market and economic views. The short version here:
The Reduced Fiscal Drag in 2014
One of the big themes from 2013 was the “fiscal drag” from reductions in government spending. Many thought the sequester and other measures would torpedo the US economy. But it [ … ]
Did Ben Bernanke sell to Janet Yellen at the top?
I’ve been rather critical of Ben Bernanke’s lack of understanding about financial markets at times over the last 5 years, but he may have just pulled a brilliant market timing [ … ]
The Expanding Expansions
Why does the business cycle seem to be getting longer and longer?