Shhhhhh…Did you hear that? Policy changes are afoot globally. Central banks around the world are quickly pivoting their positions on the global economy. It started Wednesday with America’s Federal Reserve. But then the Bank of England (BOE) got in on it yesterday. After years of supporting economic output by creating money, they are starting to reverse
Over on the right-hand side of the periodic table is a column of six elements which collectively comprise the noble gases. These elements have single-atom molecules and don’t typically interact with others the way, say, two oxygen atoms might with a hydrogen to produce a molecule of water. Instead, these nobles are content to remain on their own.
(Thanks to Professor Chuck for passing on this article which inspired this morning’s note)
Inflation is up. Since the beginning of this century, price appreciations have been relatively modest. That isn’t to say America hasn’t experienced inflation, we have. But under the watch of Federal Reserve Chairs Alan Greenspan, Ben Bernanke, Janet Yellen, and most of Jerome Powell’s first term, price gains were measured. In fact, some argue that the F
Econometrics is a study of economic systems using statistical methods. Bored yet? It uses mathematical models to describe the behavior of an economy. Most of the time a system behaves in some sort of trending pattern. Every once in a while, however, there is sufficient change in the pattern which gets described as a structural break.