Economics

First, permit me to say a quick ‘Bonjour!’ as I’m presently in Paris.  And I’m editing this BLOG on my iPad…this is a challenge! You have […]

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 […]

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

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 […]