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Does Asymmetric Monetary Policy Exacerbate Asymmetric Outcomes? Eric J. Gordon, Creative Investment Research,

Eric Gordon, left and Luke Newton, Right, at t he Hutchins Center on Fiscal & Monetary Policy at Brookings, June 14, 2024.  As the Federal Reserve prepares for its five-year public review of the monetary policy framework, ongoing debates persist among experts regarding the most effective strategies to achieve economic stability and growth without exacerbating inequality. The Hutchins Center on Fiscal & Monetary Policy at Brookings recently convened a conference enabling economists to articulate and discuss their recommendations for the Fed's review, including a dialogue on the merits of adopting a symmetric, balanced approach versus an asymmetric, shortfalls-focused one amid rapidly evolving economic conditions. Each strategy carries different implications across the country's financial landscape, yet their impact on minority communities is particularly crucial, serving as a barometer of broader economic health and welfare. This post aims to analyze the competing approa
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Inflation Falls from 3.4% to 3.3%

  The Consumer Price Index for All Urban Consumers (CPI-U) was basically unchanged in May, 2024 on a seasonally adjusted basis, after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported . Over the last 12 months, the all items index increased 3.3 percent before seasonal adjustment. hashtag # inflation hashtag # cpi hashtag # prices

World Ocean Day, 2024

  Today, we celebrate the beauty and importance of our oceans. From vibrant coral reefs to majestic sea turtles, our oceans are home to an incredible diversity of life. 🌿🐠🐢 We are focused on protecting and preserving these vital ecosystems. See: https://www.impactinvesting.online/2021/06/the-blue-economy-alice-gabidoulline.html and https://www.impactinvesting.online/2023/01/ocean-rescue-alliance-innovation-in.html   Let's come together to make a positive impact. Every action counts towards a healthier ocean. 

Unemployment by Race, Ethnicity for May, 2024

  The graphic above shows unemployment rates across different racial and ethnic groups from April 2023 to May 2024. The picture reviews unemployment rates for White, Black, Asian, and Hispanic or Latino populations. The data indicates fluctuations in unemployment rates between and among these groups, with disparities that warrant further examination. Trends and Observations 1. White Population:    - The unemployment rate for Whites has shown minor fluctuations, generally staying between 3.10% and 3.50%.    - The lowest recorded rate was in April 2023 (3.10%), and the highest was observed in October and December 2023, and May 2024 (3.50%). 2. Black Population:    -  Blacks experienced the highest volatility in unemployment rates.    - The rate increased from 4.80% in April 2023 to a peak of 6.40% in March 2024, before slightly decreasing to 6.09% in May 2024.    - This group consistently shows higher unemployment rates compared to the other racial and ethnic groups throughout the period

Economic Update: A Strong Economy with Tangible Benefits

The current economic landscape is showing remarkable stability and growth. Key indicators like interest rates, inflation, and unemployment reveal a robust economy that directly impacts individuals and businesses positively. Interest Rates The Federal funds rate has stabilized at 5.25%-5.50%, with a forecasted reduction to 4.75%-5.00% by the end of the year as inflation and economic activity ease. Lower interest rates mean cheaper borrowing costs for consumers and businesses, enabling more investments, expansions, and purchases that drive economic growth and job creation. Personal Impact: Sarah, a small business owner in Dallas, was able to secure a low-interest loan to expand her bakery. With the additional funds, she hired three more employees, boosting the Dallas economy and providing jobs to her community. Inflation The Consumer Price Index (CPI) increased by 3.4% before seasonal adjustment for April. Given the massive economic challenges of recent years, maintaining such a moderate

Estimate: Dollar Value of British Colonialism and Forced Labor

Estimate: Dollar Value of British Colonialism and Forced Labor Our economic impact estimate considers ingenuity, common law, commerce, trade, and the development of joint-stock companies. Ingenuity and Innovation: British advancements in technology, industrialization, and innovation drove economic growth. Inventions like the steam engine, mechanized manufacturing, and improvements in infrastructure, significantly boosted productivity and economic output. Legal and Institutional Framework: The development of common law and legal institutions provided a stable environment for commerce and trade, since property rights, contract enforcement, and the rule of law facilitated exploitative business transactions. Trade and Commerce: British trade networks, particularly with India, North America and Asia, facilitated the exchange of goods and services, driving economic growth. Financial Innovations: The emergence of joint-stock companies and financial institutions, such as the Bank of England, p

CIR Review: MSNBC on "Algebra of Wealth" by Anish Thota, Intern, Charlotte Latin School

In a world where financial security seems increasingly elusive for the younger generation, the fight against climate change emerges as another battleground where youth are grappling with the consequences of decisions made by older generations. The conversation above sheds light on the structural inequities embedded in the tax system, which disproportionately burden younger individuals striving to achieve economic stability. As wealth becomes concentrated in the hands of a select few, exacerbated by policies favoring capital gains and mortgage industry interests, younger Americans find themselves facing stagnant wages, unaffordable housing, and diminishing opportunities. These economic challenges intersect with the urgency of addressing climate change, as younger generations inherit a planet ravaged by environmental degradation and unchecked resource exploitation. As young people mobilize to demand action on climate change, they are not only advocating for a sustainable future but also

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