program and what would be a reasonable guess for the start of tapering? To judge the Fed's thinking, Iwould pay attention to speeches and interviews given by . . .
The wrong response to the IRS scandal.
:“If the sluggish US economy wasn’t reason
enough for tax reform, the ongoing IRS scandal demonstrates how a devilishly complex tax code enablesgovernment mischief. But the flat tax
a longtime policy goal for many on the right
isn’t the real
isticanswer to either problem.
Why rising home prices should worry you.
Rising home prices may be an indicationof easy money policy, not strong economic fundamentals. AEI scholar Ed Pinto warned in an op-ed thisspring that the Federal Reserve is blowing another housing bubble by keeping interest rates artificially
It’s too early to call Japan’s
:“Considering that it generally
takes at least a year for the full impact of a currency depreciation to be felt, one has to expect that, in themonths ahead, the Japanese economy will get a big boost from the 25 percent effective Japanese yen
depreciation to date.”
Jitters in Japan about bond markets have caused the yen torise and the Nikkei to fall over the last week. . . . Maybe, s
ome are wondering, Japan really isn’t set toboom. Don’t buy the hype.”
China has the upper hand.
tough-guy trade commissioner Karel De Gucht is vowing to implement duties of 47% on all Chinese solar panels imported into EU
territory. Only problem is that at last count, 18 of the 27 members of the Union oppose him.”
In other (scary) news
Deposits guaranteed to $250,000, maybe.
:“Window stickers notwithstanding, Congress
apparently has never enacted a provision in a law simply stating that insured deposits are guaranteed by
the full faith and credit of the government.”
Mark your calendar
6.6 Weekly jobless claims are released.6.7 Monthly employment situation report is released.6.12
DC book release for
“Balance: The Eco
nomics of Great Powers from Ancient Rome toModern America,
by Glenn Hubbard and Tim Kane.
Stay tuned for more details!
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