The Pandemic Caused Significant Economic Impacts; Not All Inflation Is Related
Over the last several blogs, we have opined that the pandemic hasn’t changed the economy’s potential growth path. The chart shows GDP growth rates beginning in the mid-1990s (with the Atlanta Fed’s +1.3% Q3/2021 forecast). The horizontal line shows a 2% growth level. Note that the left-hand side of the chart shows much higher growth than the right-hand […]
Monetary, fiscal farce in Europe continues
First published at RGJ.com http://www.rgj.com/story/money/economy/2014/06/15/robert-barone-monetary-fiscal-farce-europe-continues/10515411/ The European Union economies have been in, or nearly in, recession since the financial crisis in ’09. Greece has had to be bailed out several times. Spain, too, and in the case of Cyprus, bank depositors bore much of the cost. Italy and Portugal are lucky they avoided such bailouts. […]
The European Farce: Part 1 — ECB to the Rescue
First published at Minyanville.com http://www.minyanville.com/sectors/global-markets/articles/The-European-Farce-Part-1-ECB/6/11/2014/id/55265?refresh=1 It is only a matter of time before the ECB will be forced into QE-like money-printing schemes. In the immediate aftermath of the financial crisis, like the Fed, the European Central Bank (ECB) stepped up and made cash available to the notoriously overleveraged banking system. That, in fact, is the […]