Category Archives: Economics

Expected June 2013 Federal Open Market Committee (FOMC) Statement

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Information received since the Federal Open Market Committee met in May suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown some improvement in recent months, on … Continue reading

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Stimulus, Recovery And The Markets

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Text book economics and finance say financial markets rise and fall with the economy: when gross domestic product (GDP) growth rate slows, financial market indices drop, and when GDP rises, the indices also … Continue reading

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How Many Jobs Can McKinsey’s 12 Technologies Create?

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa McKinsey & Company’s research arm McKinsey Global Institute has produced a report about the 12 most feasible technologies with the most economic impact. The criteria for technology selection are pragmatic but McKinsey’s economic … Continue reading

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Parsing Fedspeak On QE3

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa World financial markets gyrated after the recent testimony of Fed Chairman Ben Bernanke. They did not like what they heard: the Fed could slow QE3 or the purchases of long-dated Treasury Securities and … Continue reading

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Is This The Economic Recovery We Want?

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Wall Street, according to a Bloomberg survey, likes Ben Bernanke. Why would it not? The punishment the Street got for the financial crisis has been a flood of money. The nation’s financiers have … Continue reading

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Reinhart And Rogoff v. Bernanke

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa “The nation’s unemployment rate would probably be nearly a point lower, roughly 6.5 percent, and economic growth almost two points higher this year if Washington had not cut spending and raised taxes as … Continue reading

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A Strange Kind Of Goldilocks

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa US economy is in goldilocks. The three years since 2009 have seen three programs of Quantitative Easing (QE) and each of the years 2010, 2011, and 2012 has logged an annual real growth … Continue reading

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Federal Reserve’s Inflation Target And Post-Crisis Recovery

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa The Federal Reserve is mismanaging the economic recovery. Comparing past recoveries with the current episode, The Wall Street Journal in an opinion article titled Growth Deficit writes that during previous recoveries the US … Continue reading

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You Ain’t Seen Nothin’ Yet: The Financial Crises Yet To Come

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa In a second New York Times article Carmen Reinhart and Kenneth Rogoff (RR) have gracefully acknowledged their error and defended themselves from their critics. At issue was their empirical analysis relating debt and … Continue reading

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Federal Reserve Selectively Releases Federal Open Market Committee (FOMC) Meeting Minutes Early

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Financial Times reported that the Federal Reserve’s Special Assistant to the Board Members, a Mr Brian Gross, has accidentally released the minutes of the Federal Open Market Committee’s (FOMC) March meeting a day … Continue reading

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