New Fed Chairwoman Janet Yellen has a great task ahead of her. How to combat the results of the Great Moderation, as it was called, that period of l...
Recent changes in household balance sheets can be viewed as a glass half-full or half-empty. But there are some traps lurking behind an apparent reduction in overall debt.
For the past 35 years economic policy has abandoned its responsibility to create full employment. The group of economists that occupy dominant positions of power no longer seriously consider and fail to promote policies that will provide jobs to the unemployed.
How much of the slowing can be blamed on Mother Nature? Nobody knows for sure, of course, but there is enough reason to believe that the brisk pace of growth recorded in the second half of 2013 will not be sustained in 2014.
A new study in Massachusetts is providing evidence that the reform law passed in that state in 2006, and which served as the model for the Affordable Care Act, is indeed making a significant dent in bankruptcy filings.
Fed Chairwoman Janet Yellen's congressional testimony proved that she is more than qualified to steer the US economy back to health. She is the economists' economist, in a word, willing to explain the most basic economic truths in her first marathon session (seven hours) before the House Financial Services Committee.
The NASDAQ, DOW Jones and S&P 500 are all experiencing record highs. But does this mean that the market is oversold and we should expect declines? Not necessarily.
Once upon a time in a century far, far away, the U.S. economy was perceived by one and all as in a "Goldilocks" state: not too cold, not too hot, just right."
I've said it before and I'll say it again: It's great to be unemployed and retired if you can afford it!
When Standard and Poor's downgraded the U.S. AAA rating, on August 5, 2011, the Dow dropped 2000 points and gold soared to $1,895 an ounce. Are we at the brink of another downgrade by Fitch Ratings?
Three aspects in particular strike me as liable to become important in the coming years. First, while much of Bernanke's personal interest and expertise was on financial markets and monetary policy, Yellen's own focus has always been more on understanding labor markets frictions and outcomes.
Even more worrisome than the wild swings on Wall Street and many other stock markets has been the impact of tapering on major emerging markets.
On February 1, Janet Yellen made "Her Story" when she became the Chair of the Federal Reserve Bank, the first female to hold that position. Many firsts for women in the financial services industry preceded Yellen's appointment.
The more people working, earning income and spending, the greater the economic benefits. The masses move the needle, not the 1% at the top.
We are currently suffering through a huge correction in the equities of emerging market economies. The threatened end of Fed stimulus has caused these currencies to plummet against the dollar, taking their markets down for the ride.
When the Federal Reserve Board pronounces that virtual "currencies like Bitcoin have legitimate uses and should not be banned," it commits two sins.