Category Archives: North America and Caribbean

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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Posted in Economics, Monetary Policy, North America and Caribbean, Transformations LLC | Tagged , | 1 Comment

Benghazi Emails

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa The White House released 100 pages of emails pertaining to talking points preparation for members of Congress about the Benghazi attacks. Ambassador J Christopher Stevens was determined to have most likely died of … Continue reading

Posted in Foreign Policy, National Security and Defense, North America and Caribbean, Turkey, Middle East, North Africa and Central Asia | Tagged , , | Leave a comment

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

Posted in Economics, European Union, Fiscal Policy, Monetary Policy, North America and Caribbean, Transformations LLC | Tagged , , | 1 Comment

How And Why Stocks Are Being Stoked By The Fed

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Rise in equity prices in US on lower than normal trading volumes and flight from Europe and Japan to the safety of the relatively higher yielding US bond markets, US index funds and … Continue reading

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The Geopolitics Of US Debt

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Bloomberg published an article about a raging debate among economists in the context of US budget, debt ceiling and the rising indebtedness, currently about $17 trillion, of the United States. While it is … Continue reading

Posted in China, Hong Kong, Taiwan and Mongolia, Economics, North America and Caribbean, Politics, Transformations LLC, World | Tagged , | 1 Comment

United States: Comment On The March 20 Federal Open Market Committee (FOMC) Statement

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa In this article we reiterate our case for industrial policy during periods when structural unemployment is high as now. We had published a seminal technical paper in these pages on April 12, 2012 … Continue reading

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Manufactured Crises And Change

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa President Obama has denounced brinkmanship in Washington. He does not think manufacturing crises to change the way of things is wise. He is correct because he knows that his presidency is an accidental … Continue reading

Posted in Economics, Fiscal Policy, Monetary Policy, North America and Caribbean, Transformations LLC | Tagged , , | 1 Comment