Calafia Beach Pundit
Scottgrannis Blogspot. In my economic slowdown post a month ago I was generally upbeat, but I worried about the slowdown in job creation. Those worries...
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Calafia Beach Pundit: Still more encouraging signs
"FDR's Folly" -Jim Powell "I Am John Galt" -Don Luskin "Panic" -Andrew Redleaf and Richard Vigilante "Parliament of Whores" -P.J. O'Rourke "Popular Economics" -John Tamny "The Financial Crisis and the...
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In my economic slowdown post a month ago I was generally upbeat, but I worried about the slowdown in job creation. Those worries faded with a strong January jobs number. The US economy is ok: credit s...
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Calafia Beach Pundit: Recession risk is very low, but inflation risk is high
The Fed, not supply chain bottlenecks, is to blame for a significant rise in inflation. If the Fed were targeting low and stable inflation c...
Scottgrannis.blogspot.com news digest
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2 days
Abundant reserves enabled a soft landing
In the Old Days (pre-2009), when bank reserves paid no interest—they were considered a "dead" asset—banks held the minimum amount of reserves necessary to collateralize their deposits. When the Fed needed to bring inflation down (usually as the...
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11 days
Long-time readers of this blog know that I have been one of only a handful of observers who have linked rapid M2 growth (i.e., money printing) to the big inflation problem that hit the US economy beginning in the first part of 2021. The source of the...
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13 days
The enormous net worth of the US private sector
This post extends a series of similar posts I've made over the past 15 years. It highlights the net worth of the U.S. private sector: the net value of assets and liabilities of individuals and non-profit organizations. As of June '24, the total net...
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17 days
Federal spending is the problem, not taxes
Given the upcoming elections and all the "disinformation" floating around, it's worthwhile clarifying some of the facts behind fiscal policy. As the following charts show, our biggest problem is too much spending, much more so than any shortfall...
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