Recessionary Indicators, Pt. 1

Update 389 — Recessionary Indicators, Pt. 1What the Economic Tea Leaves Say Today  Over the next two updates, we will look at macroeconomic indicators of the end of the current post-crisis expansion — leading vs. lagging, from coal mine canaries, to red herrings, to black swans.   The political implications of an economic reversal of fortune …

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2020 Presidential Candidate Series — Tom Steyer

Update 388 — 2020 Presidential Candidate Series;The Economic Agenda of Tom Steyer For our final presidential candidate update series, we look at the economic policy of billionaire and philanthropist Tom Steyer. He has emerged as far and away the most outspoken climate change advocate among remaining Democratic candidates. His campaign focuses on anti-corruption and reducing …

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2020 Presidential Candidate Series — Rep. Tulsi Gabbard

Update 387 — 2020 Presidential Cand. Series:The Economic Agenda of Rep. Tulsi Gabbard Rep. Tulsi Gabbard of Hawaii has made an impression on the 2020 presidential debate stage and the campaign trail thus far as passionate and combative.  Her take-down of Sen. Harris in their second debate served notice that Gabbard fights tough but fair. …

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FY 2020: Budgeting by Default

Update 386 — FY 2020: Budgeting by DefaultHas “Fiscal Policy” Become an Oxymoron?The Federal budget-making process could fairly be described as broken. If it can fairly be described as a process at all. There’s the law — the statutory deadlines, constantly being waived or disregarded by Congress.  Then there’s practice — some assortment of appropriations …

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2020 Presidential Candidate Series — Beto O’Rourke

Update 385 — 2020 Presidential Cand. Series:The Economic Agenda of Rep. Beto O’Rourke Robert “Beto” O’Rourke represented Texas’s 16th Congressional District in the U.S. House of Representatives from 2013 to 2019.  In 2018, he came within three percentage points of beating Texas Sen. Ted Cruz in one of last cycle’s most-watched races. In March, Beto, …

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How Stable is Wall Street?

Update 384 —  How Stable is Wall Street:In a Downturn, Would TBTF Be Tested? With the nation’s economy showing signs of cooling off, attention naturally turns to the epicenter of the last financial crisis.  How would the Street — and, as a result, the system — fare if things go much further south? A key …

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2020 Presidential Candidate Series — Andrew Yang

Update 383 — 2020 Presidential Cand. Series: The Economic Policy Agenda of Andrew Yang Businessman Andrew Yang has made a splash and has become identified as a Democratic presidential candidate as the “Universal Basic Income,” or UBI, champion.  It hasn’t propelled him in the polls, but that may be beside the point.  In case you’d …

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Mnuchin Goes Manchurian

Update 382 — Mnuchin Goes Manchurian:Trump’s Tariff Policy Bites His Base, Mostly Treasury Secretary Steven Mnuchin said last week regarding President Trump’s tariff policy that “We have not yet seen any impact on the U.S. economy.”  Secretary Mnuchin might get out of the Yale Club more.  Like to Missouri, where the farmers have lost the …

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Laissez-Faire to Less-is-More

Update 381 — Laissez-Faire to Less-is-More: Trump Has a Modern Monetary Theory 4 U Jerome Powell’s bad dream may not last longer than Friday the 13th. But President Trump’s belief that Fed monetary policy should aim for zero interest rates — or we’ll repeal ‘em! — might persist right through the election thirteen full moons …

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Spotlight on Manufacturing

Update 380 — Spotlight on Manufacturing: Trump, Uncertainty Make America Wait Again  The NY Times last week quoted Sheri Menelli, co-owner of RJM Music, seller of Chinese LCD screen imports based in Vista, CA: “We keep hearing on TV that China is paying for the tariffs… I can tell you that right now, I’m paying …

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