The Federal Reserve (Fed) released it’s quarterly Beige Book (a summary of the economic performance of each of the 12 Federal Reserve districts in the US over the past 3 months) this afternoon. While acknowledging that our economy is still contracting, the report seems to find that a few sectors (such as agriculture in the [...]
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It isn’t very often that one reads an OP-ED piece and has one of those “OMG-Everything-Now-Makes-Sense” moments. Sure, those thought provoking professional windbags over at the country’s largest newspapers can elegantly express good points from time to time, but rarely do they ever really truly explain something to the reader. Paul Krugman’s column from March [...]
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On Friday night, Congress passed its third major piece of legislation under the Obama Administration: The Stimulus Package. Intended to help the country take baby steps towards economic recovery, the bill has been hotly debated in recent weeks as to whether or not it is the right way to get us back on our feet. [...]
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Off-peak: Primary Season I think like many people, I’m suffering from what can only be called a Primary Lull. For four weeks (and another two on the way), there have been no CNN primary parties, no Dems Watch parties and, surprisingly, no elections. It’s kind of weird, actually, not to have this constant reminder of [...]
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Live Blogging the Economy In an attempt to recover from my abysmal Civil War midterm this morning, I am now live-blogging my lecture with Wall Street Journal chief economics correspondent, David Wessel (who looks exactly like his son except with grey hair). 12:24: Basically, in the past 24 hrs, the shit hit the fan. 12:25: [...]
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