Economics

June 28, 2016

The Labor Market Conditions Index

When formulating monetary policy, the “data dependent” FED needs good data. The “Labor Market Conditions Index” fits the bill.   The LMCI is a type of […]
June 27, 2016

The New PCE

The FED constantly talks about the PCE, or “personal consumption expenditures,” when discussing inflation.  What – exactly – is it?   Why is it so important?  And […]
June 24, 2016

The “Big Game” is Over. Who Won?

That’s a tough one.  Hard to say, really.   On one hand, clearly, the BRexitians won the day.   The UK is now likely to leave the […]
June 20, 2016

The Physics of Economics, Part 3

Sir Issac Newton is known as one of the most influential scientists of all time. In the second half of the 17th century (and into the […]