Discussion by CFE co-directors Bob Barbera and Jonathan Wright with Olivier Jeanne and Nicolas Jabko on the unfolding situation in Europe, featured in the JHU Online Arts and Sciences magazine.
http://krieger2.jhu.edu/magazine/2012/07/a-day-late-and-a-euro-short/
Robert J. Barbera and Jonathan H. Wright We’ve written two pieces recently on Treasury yields amid the COVID recovery. Wednesday’s release of the Federal Reserve Open Market Committee’s Survey of […]
There is much excited talk in the press these days about the rise in ten-year yields to 1.5 percent and the rise to 2 percent for the breakeven inflation rates expressed when we comparing Treasury nominal and TIPS yields. The bond vigilantes are back! Another Great Inflation around the corner!
In December of 2019, the U.S. unemployment rate stood at 3.6% and prime age labor force participation, at 82.9%, was at an 11 year high. Today, December 2020 jobs figures were released, with unemployment at 6.7% and participation at 81%, both making it clear that today’s economic backdrop is bleak. These data also make clear that engineering an extended period of strong growth is highly justifiable.
