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 […]