Updates

Bond yields grind to highest since June, stocks wince

October 17, 2016/Reuters By Marc Jones | LONDON World stocks started the week in the red Monday as the dollar touched a 7-month high and U.S. and European government bond yields – the main driver of global borrowing costs – climbed to their highest since June. Riskier assets have had […]

The Elusive ‘Great’ Recovery: Causes & Implications for Future Business Cycle Dynamics

Culled—Proshare 16/10/2016/ Federal Reserve Chair Janet L. Yellen 60th Annual Economic Conference Sponsored By The Federal Reserve Bank of Boston, Boston, Massachusetts, October 14, 2016, Macroeconomic Research After The Crisis Extreme economic events have often challenged existing views of how the economy works and exposed shortcomings in the collective knowledge […]

Rethinking the Oil Market

Culled—Proshare 16/10/2016/Project Syndicate Oil prices have plummeted by about 65% from their peak in June 2014 (see chart below), and there is now intense debate about why. One thing we know for sure is that the oil market has undergone structural changes, thus making this latest episode different from previous […]