Archive for January 11th, 2023

Deeper Analysis

Another Look at Inflation

January 11, 2023

Paul Krugman’s New York Times column this past Tuesday reprimands economy deniers spreading the fallacies that the U.S. economy is in recession and inflation is still rising. Gross domestic product and employment are both increasing at a respectable pace, and consumer price inflation fell to 7.1% in November after cresting at 9.1% in June. History […] More

New Overnight Developments Abroad - Daily Update

Limited Economic News Today of Importance But Some Other Disturbing Developments

January 11, 2023

The dollar strengthened modestly overnight, gaining 0.6% versus the Swiss franc, 0.4% against the yen, 0.3% relative to sterling, 0.2% vis-a-vis the Australian dollar, and 0.1% against the loonie, but the euro held steady. Ten-year sovereign debt yields backed down 12 basis points Italy, 11 bps in Great Britain, 10 bps in Portugal and the […] More