More in Global Economy


6 years

The Tax Cut And Jobs Act Working Better Than Expected

Any tax cut will always be attacked by the interventionist crowd. The main argument is deficits. Something I find amusing because those same interventionists are the ones that defend massive deficits when it comes from rising expenditure. Why? Because government spending empowers politicians and their crony sectors while tax cuts empower citizens.

6 years

Is The Oil Burden A Rising Problem?

While markets are becoming increasingly bullish, oil prices are close to a “warning zone” where the barrel could be one -if not the only- catalyst of a major slowdown.

6 years

Rumination: Why Not a Military War on Trade?

As President Donald Trump's trade war continues to escalate, it's perhaps worth remembering his tweet from back in March:

6 years

Corporate Debt and Leveraged Loans: Financial Snags Ahead?

It was 10 years ago in September 2008 that the worst of the financial panic crashed through the US economy. Where might the next financial crash be lurking? In a speech last week, Federal Reserve Governor Lael Brainard pointed to some possible candidates. She said:

6 years

International Car Production and Ownership: Some Snapshots

Motor vehicle production and ownership is one window for looking at differences and changes in the world economy. Here are some snapshots from the Transportation Energy Data Book, produced by Oak Ridge National Laboratory for the US Department of Energy, updated August 2018. (For the record, the book includes many more figures about energy, motor vehicles, and other types of transportation, with a primarily US focus.)

6 years

Update on US Health Insurance Coverage

As the US continues to wrestle with the aftermath of the Patient Protection and Affordable Care Act of 2010 and to contemplate future changes in its health insurance programs, one useful starting point is the facts about health insurance coverage presented by Edward R. Berchick, Emily Hood, and Jessica C. Barnett of the US Census Bureau in the annual report, Health Insurance Coverage in the United States: 2017 (Current Population Reports, September 2018, P60-264).

6 years

More $100s Than $1s

Trivia question for today: What denomination of US currency has the largest number of bills in circulation? Up until 2016, the correct answer was the $1 bill. Now, it's the $100 bill.

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