Author Archives: ffwiley
TIC Data Shows an Abenomics Effect Alongside Massive Foreign Selling
The Treasury International Capital (TIC) report this morning showed that foreigners sold a record amount of U.S. Treasuries in April, and by a large margin:
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Tagged agency bonds, Shinzo Abe, TIC, Treasuries
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A 22 Article and Blog Post Guide to the NSA’s Surveillance Program
In between this initial description of the government’s Internet surveillance program (PRISM) and this collection of pics and musings of whistleblower Edward Snowden’s girlfriend that was passed around today, I’ve read quite a lot of coverage. And I was glad … Continue reading
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Tagged Clive Crook, Edward Snowden, Internet surveillance, James Clapper, NSA, PRISM
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Testing Krugman’s Debt Reduction Strategy (And Finding It Fails)
Nike recently published a series of ads declaring “winning takes care of everything,” in reference to Tiger Woods’s recapture of the world #1 golfer ranking. The slogan went over with certain critics like an illegal ball drop. Many economists insist … Continue reading
Various Links: Inventions, Technology and Other Cool Stuff
McKinsey recently released a long report titled “Disruptive technologies: Advances that will transform life, business, and the global economy.” The report covers 12 technologies:
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Why We Shouldn’t Trust the Fed’s Inflation Target
Awhile back, I thought it might be interesting to create one of those island economy stories to demonstrate a problem with the Fed’s policy framework. I finally got around to it over the past week, after reading an article on the … Continue reading
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Tagged confirmation bias, David Stockman, Federal Reserve, heuristics and biases, inflation target, monetary policy, rational agents, stabilization policies, The Great Deformation, William McChesney Martin
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Link to Justin Fox’s “Seven Fun Facts About Corporate Taxes”
It’s been 27 years since our corporate tax code was last updated. Since Japan lowered its corporate income tax rates last year, the U.S. has the highest rates in the world. And after Apple CEO Tim Cook’s Senate grilling last … Continue reading
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Tagged corporate tax rates, Harvard Business Review, Justin Fox, Mihir Desai, Tim Cook
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It’s Time to Change Focus From Reinhart-Rogoff Witch Hunts to Krugman’s Contradictions
You may have seen the new skirmishes this weekend in the very public debate about Carmen Reinhart’s and Kenneth Rogoff’s government debt research. Reinhart and Rogoff (I’ll call them RR) posted a letter to Paul Krugman on Reinhart’s website, in … Continue reading
Asset Valuation and Fed Policy: We’ve Seen This Movie Before
Everyone seems to have an opinion on asset valuation these days, even commentators who are normally quiet about such matters. Some are seeing asset price bubbles, others are just on the lookout for bubbles, and still others wonder what all the fuss is … Continue reading
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Tagged asset price bubbles, Bernanke put, general equilibrium models, Howard Marks, Jeremy Stein, Jesse Eisinger, Mike Burry, Paul Volcker, short-termism, Tyler Cowen, ZeroHedge
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Explaining This Week’s Market Jitters in One Chart
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Tagged Fed exit
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Stories Never Told
For anyone who wonders about stories never told, there’s an interesting article by Ron Unz that’s been circulating the web (I found it on Marginal Revolution). Alongside a variety of criticisms of media reporting from World War II to recent … Continue reading
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