Browsing: Economy

“Fiscal dominance” refers to the state’s expenditures (fiscal policy) dominating monetary policy. Instead of the legislature (Congress in the US)…

The 10yr term premium has risen, as has the 5yr TIPS-Trsy breakeven, in the wake of Mr.…

by Calculated Risk on 8/27/2025 07:53:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.Thursday:• At…

Soon before the election that made Javier Milei president, 108 economists around the world (including prominent names like Thomas Piketty,…

Conference Board Consumer Confidence at 97.4 (vs. 96.4 consensus): Figure 1: U. Michigan Consumer Sentiment (FRED series…

by Calculated Risk on 8/27/2025 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly SurveyMortgage applications decreased…

It is a bit of a mystery why people who claim to be American-style conservatives do not embrace Friedrich Hayekthe…

That’s Jared Bernstein’s advice, in the wake of Trump’s escalation of the war on Fed independence. Here’s…

by Calculated Risk on 8/26/2025 09:53:00 AM Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index…

I began my blogging career at TheMoneyIllusion in early 2009 and ended that blog last year.  In January 2014, I…