High Marginal Tax Rates are Associated with High GDP Growth

After hinting at it for months, I can finally post the abstract of and a link to “Top Marginal Taxation and … [Read more...]

The Fed Is Not Printing Money: Two Updates

I’d like to reply to one confusion and one set of pushbacks on yesterday’s post: Currency and Reserve … [Read more...]

The European Central Bank: Only the ECB can improve bank credit supply

A recent?Free exchange column?discusses the European Central Bank's troubles in providing support to peripheral … [Read more...]

Economic tailwinds boost relative value in currencies

Is the market shifting its assessment of relative value in currencies towards economies benefitting from tailwinds over … [Read more...]

Small airports: Why smaller airports are shrinking

WHAT'S happening to America's smaller airports? Since 2007 they have seen greater percentage drops in flight and … [Read more...]

JPY crosses to get up to some mischief next week?

JPY crosses are losing momentum in places, and what can’t continue to go up, may have to go down first. Meanwhile, the … [Read more...]

It is Friday and everyone is wondering what will the USD do next

It has been a tumultuous week for the FX market and more so for the USD. The market has gotten far too ahead of itself … [Read more...]

3 Numbers to Watch: US Consumer Sentiment, Bernanke, JPY bonds

US Consumer Sentiment is the only macro piece worth watching on a quiet day, but Japanese bond markets and Bernanke's … [Read more...]

Why, Yes! Of Course! The Voters Will Vote to End Social Security, Medicare, Dodd-Frank and the EPA Because the IRS Improperly Hassled Political “Social Welfare” Organizations and the DOJ Issued Sweeping Subpoenas of AP Phone Lines!

Well, that didn’t take long, did it? It began yesterday morning, with a Politico article by Jim VandeHei and Mike … [Read more...]