recession cycle

Realistic Economic Context

Following up on the payroll disparities that were updated on Friday, it is still difficult to be confident that the economy is on any kind of solid ground. For starters, though the Establishment Survey shows 4.4 million new jobs in the 21 months since October 2012, for an average of 207k per month, the companion Household Survey is only at [...]

Official Contrast to Payroll Euphoria

By Jeffrey P. Snider|2014-05-02T16:02:12-04:00May 2nd, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

There are subtle shifts underway in policy expectations and perceptions. Some of it is related to the change from Bernanke to Yellen, as there seems to be a different philosophy regarding mostly QE. Chairman Bernanke was nearly unequivocal in his belief that monetary policy both should and could return the economy to a state more closely aligned with historical experience [...]

Stay In Touch

Contact