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I just wanted to make two quick comments about data in the United States. The first is about a new rent series from researchers at the Cleveland Fed, the second is about labour data.Bond Economics
Quick Indicator Comments
Brian Romanchuk
Last week, I was in Washington, D.C.’s Union Station. The weather had turned cold and I couldn’t help noticing what an inhospitable place it had become for the city’s homeless and dispossessed. Once upon a time, anyone was allowed to be in the train station at any hour. Now, there were signs everywhere announcing that you needed a ticket to be there. Other warning signs indicated that you could only sit for 30 minutes at a time at the food-court tables, while barriers had been placed where benches used to be to make it that much harder to congregate, no less sit down. With winter descending on the capital, all this struck me as particularly cruel when it came to... Read more
Source: Everybody In, Nobody Out appeared first on TomDispatch.com.
Well… I’d say MMT people can’t use that figurative language any more…
BOJ rather saying: “don’t fight the Fed!”…
The Bank of Japan made a surprise decision to let the 10-year Japanese government bond rise as high as 0.5% from a previous cap of 0.25%
— Nick Timiraos (@NickTimiraos) December 20, 2022
The central bank had set a target range around zero for the benchmark government bond yield since 2016 https://t.co/HoGqut5Oyp
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