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Category: The Economy

Yield Curve Inversion

August 24th, 2018 by

Who’s afraid of the inverted yield curve? The financial press has been worrying about the yield curve[1] recently. The yield curve is “flattening,”[2] and that flattening “raises a warning flag.”[3] If you read the articles, you’ll see that the authors are most concerned about the possibility that the yield curve may become “inverted.” This raises […]

Trade Deficits And Tariffs And Trade Wars, Oh My!

May 17th, 2018 by
trade deficits trade wars tarrifs sensible financial

International trade, and especially US international trade deficits, have been a large part of the news recently. President Trump has seized on trade deficits and the impact of globalization on US jobs and US businesses as central political issues. International trade plays an increasingly important role in the US economy. The chart above shows exports […]

Responding to the Recent Stock Market Decline

February 12th, 2018 by

You may have heard that the stock market has been very volatile recently, with several days of significant declines. The drops in the US market on Monday, February 5th and Thursday, February 8th were especially large, around 4%, depending on the index. This followed a decline on February 2nd of a bit over 2%. To add […]

My Dinner with Ben Bernanke

February 14th, 2017 by

On February 2nd, I had dinner with former Fed Chair Ben Bernanke. I hasten to add, lest I give you the wrong impression, that the occasion was the CFA Society Boston Market Dinner, and there were approximately 1,100 guests in all. Bernanke’s remarks highlighted the event, followed by Society President George Hoguet’s extended Question and […]