The Fed and its economic biases

We have frequently noted how poorly the Federal Reserve has done on its economic prognostications. Now, The Wall Street Journal catches up with us: The Fed Is Stuck in the Past With Its Forecasts of the Future Recent economic forecasts that have missed the mark suggest a flaw in the central bank’s approach By James …

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The problem of remittances

From CNNMoney: I send money home to Mexico to support my family by Patrick Gillespie | March 20, 2017: 12:16 PM ET Dalia Maldonado is considered a life saver by her family and friends in Mexico. She paid for her father Francisco’s knee surgeries. She pitched in $400 for her friend Esmeralda’s leukemia treatment. And …

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Why the enforcement of immigration laws should please the left

From eater.com, a food and restaurant site: How Immigration Raids Destroy the Lives of Food Workers Comparing the tactics of Trump’s administration to the Bush era by Tove Danovich | March 16, 2017, 2:02pm EDT On February 22, 2017, exactly 55 unauthorized workers1 went missing from Mississippi restaurants after Immigration and Customs Enforcement agents (ICE) …

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The February unemployment figures

From The Wall Street Journal: In Office, Trump Changes His Tune on Job Growth Numbers He Once Denounced Democrat Party chief says ‘Thanks, Obama!’ By Daniel Nasaw | March 10, 2017 | 12:44 pm ET President Donald Trump and his allies on Friday cheered a report that the U.S. economy had created 235,000 jobs in …

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Most economists oppose President Trump’s immigration policies

Heather Long tweeted: Over 200 economists disagree with Trump on immigration, NAFTA and the debt, according to @business_econ survey https://t.co/AOgvIItBU2 — Heather Long (@byHeatherLong) March 6, 2017 To which I responded: Would those be the same economists who predicted a stock market decline if Trump won? https://t.co/be9JYutNZv https://t.co/E2Jaypbxi1 — Dana Pico (@Dana_TFSJ) March 6, 2017 …

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Things are looking up, but are things looking better than they really are?

I absotively, posilutely despise CNNMoney’s term “Trumponomics.” Nevertheless, this is a completely fair and unbiased article from them: Trump’s economic boom: 3 red flags by Heather Long | @byHeatherLong | March 2, 2017: 3:29 PM ET President Trump is already taking a victory lap on the economy. “Since November 8th, Election Day, the Stock Market …

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Three stories from the Lexington Herald-Leader

From the Lexington Herald-Leader: Eatery gains world attention hosting Beshear’s reply to Trump speech By Cheryl Truman | ctruman@herald-leader.com | March 1, 2017 3:06 PM EST The first Karin West knew of her diner’s impending worldwide exposure was when someone from Lexington Mayor Jim Gray’s office called to ask whether Lexington Diner could host a …

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A steel industry revival in Pennsylvania President Trump gets part of the credit

From The Philadelphia Inquirer: Energy boom, rail hopes, Trump order stoke Pa. steel revival by Joseph N. DiStefano, Staff Writer @PhillyJoeD | JoeD@phillynews.com | Updated: February 28, 2017 — 11:43 AM EST “It has been a brutal 20 years” for eastern Pennsylvania steelmakers, and now the industry’s growing again, says Wayne-based engineer James L. Barends, …

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Good news! President Trump wants to cut non-Defense spending! Unfortunately, unhatched chickens are being counted

From The New York Times: Trump to Ask for Sharp Increases in Military Spending, Officials Say By Glenn Thrush and Kate Kelly | February 26, 2017 WASHINGTON — President Trump will instruct federal agencies on Monday to assemble a budget for the coming fiscal year that would include sharp increases in Defense Department spending; major …

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How ’bout that? Hillary Clinton’s son-in-law shuts down hedge fund a month after she loses presidential election!

From Bloomberg: Chelsea Clinton’s Husband Closes His Hedge Fund by Saijel Kishan | February 8, 2017, 9:48 AM EST Eaglevale Partners, the hedge fund co-founded by Marc Mezvinsky, the son-in-law of Hillary and Bill Clinton, closed in December, according to a person with knowledge of the matter. Eaglevale, based in New York, is in the …

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