Apparently there is a pipeline leading from Europe’s CERN, the world’s largest particle physics laboratory, to Wall Street (via HuffPo): Ryan Buckingham, a particle physicist with a PhD from Oxford University, spent three and a half years at CERN before joining Goldman Sachs in … read more
Republicans should pay close attention to what’s happening in Japan, where the Bank of Japan’s new bond-buying program is already bearing fruit. As the Financial Times reports, ”Japan’s economy grew at the fastest pace among Group of Seven countries last quarter, … read more
Many skeptics of the Fed’s bond buying policy point to the bond market shellacking of 1994. That year, 10-year rates rose to 7.8% from 5.5% when the Fed started cranking up rates. They worry about a repeat as Team Bernanke … read more
Tech exec gives a speech to a bunch of educators. “The good news” he says, “is that my online education business will pay teachers a million dollars a year.” The crowd cheers. “The bad new is that I’ll only need … read more
OK, the CBO now projects the 2013 deficit will weigh in at $642B (4% of GDP) in 2013 and it will continue on a downward track (under current law) through 2015. Why: a) better economy, b) slowdown in the rate … read more
Also of Interest
The IRS and big government
The expanding Internal Revenue Service scandal could hardly be any more Drudgeriffic.
Ferguson's blooper on Keynes
It was an unusually feisty weekend in corners of the blogosphere and Twitterverse where dwell economists and economic-policy wonks.
The upside of economic pessimism
The disappointing first-quarter GDP report dashed hopes that 2013 might prove a breakout year for the U.S. economy.