In a recent post, we complained that Congress had muzzled the CBO, forbidding them from reporting budget projections until the forecasts could “reflect the tax legislation and any major […]
Category: Macro
CBO: The dog that didn’t bark, for now
Jobs and Inflation, Dec. 2017
NYT > DealBook
NYT > DealBook
2 days ago
Sorkin: HNA Will Transfer Co-Chairman’s Stake as Ownership Doubts LingerView More
Budget Projections, Interest Rate Assumptions, and Preposterous Assertions
The Saudis: Thinking clearly and trolling for chumps?
Populist policies cause immediate misery. Or not.
Surely we're behind some curve!
A Trump Tantrum?
Big (perhaps HUGE) Stimulus in 2017?
Amid all the political craziness at home and around the world, you may not have noticed that one bit of traditional policy wisdom is making a comeback. The biggest development […]
Six Degrees of Separation between Jobs and Inflation
Friday’s reported increase of 160,000 in nonfarm payrolls was less than the recent average. This doesn’t mean much for the macroeconomic outlook and, therefore, shouldn’t and probably won’t mean much […]
Are the Saudis Thinking Clearly? And Should We?
Given Saudi Arabia’s long-standing commitment to act as swing producer to stabilize prices, current Saudi behavior raises big questions. Why is Saudi Arabia pumping at historic rates in the face of a collapse in the oil price? And, as President Obama’s state of the union message highlights, what should be the U.S. policy response?
Still Crazy After All These Years
For the past several years, the Congressional Budget Office has been offering frightening forecasts about government debt growing out of control unless strong action is taken. While these forecasts have […]
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