Recent Posts

The old Fed is dead

  The betting is that the Federal Reserve won’t raise interest rates at this week’s meeting of the Federal Open Market Committee, its key policymaking body. There are already complaints that the Fed, which cut short-term rates to near zero in late 2008, is waiting too long to reverse low rates. Last December, the Fed increased rates by a quarter ...

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Markets and pundits have a data-point fixation

  Data is the raw material we use as the basis for analysis. Investors demand it. Baseball fans love it. Quants live for it. Pollsters depend on it. Data is the difference between anecdote and evidence, between opinion and facts, between life and death (ask a surgeon or airline pilot). Data drives the economic world around us. It is how ...

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Make natural gas a (shorter) bridge to the future

  By speeding the demise of coal, which is far dirtier, cheap natural gas has done as much to reduce carbon emissions as any government regulation. But the returns are already diminishing: Natural gas also emits carbon dioxide, and this year for the first time the amount will exceed that of coal in the U.S. The most efficient way to ...

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