Blog Archive

CFE Analysis

Homeownership

The housing crisis from a decade ago is fading from consciousness for many Americans. But the ill effects of it are still apparent, particularly for those who bought homes in the years from 2005 to 2007. They paid high prices, and many mortgages had ominous terms that made repayment highly unlikely. The problem is most […]

CFE Analysis | Macro

A Surprising – And Ominous? — Boom

There has been much talk about the death of bricks-and-mortar retail, which traditionally hires hundreds of thousands of temporary workers in November and December for the Christmas rush. With more and more business being conducted online, it stood to reason that general merchandise stores — the Macy’s and Targets of the world — would be […]

CFE Analysis

China’s Slowdown: More There than Meets the Eye

By Bob Barbera and Yingyao Hu. If there isn’t light in the 21st century world – or at least not as much light as economic statistics would suggest there should be – then something may be amiss. In China, that appears to be the case. And that suggests that there has been a sharp deterioration […]

CFE Analysis | Macro

Zero Bound

The outlook for growth in employment and corporate earnings over the next few years is headed down. The problem is not what the Federal Reserve will do, or what a Democratic (or Republican) Congress is likely to do, or the possibility of a mushrooming trade war. It is the unsustainable nature of what has caused […]

Fed

What did We Learn from Recent Monetary Policy Performance?

A growing chorus of commentators are now issuing warnings about additional Fed tightening in light of the flattening Treasury yield curve. Despite clear evidence that job growth in the U.S. is running well ahead of a sustainable pace, low wage and price inflation, for many suggest no need to firm overnight interest rates. Exhibits A […]

CFE Analysis | Macro

Faster Growth, More Wage Income and Better Data Provision

Once a year we get a slew of news about U.S. economic performance, when the Commerce Department’s Bureau of Economic Analysis (BEA) provides both its initial estimate for recent economic performance and detailed revisions on previous economic trajectories. The initial estimate for Q2 real GDP growth confirms what a great many other high frequency times […]

CFE

A higher loyalty

After over a decade of first-rate stewardship, Jon Faust is resigning from his post as CFE Director to become senior special advisor to the newly appointed Federal Reserve Board Chair, Jerome Powell. Ordinarily one protests the exit of an esteemed colleague. However, in his new role, Jon will be immersed in debates of the utmost […]

CFE

Women and careers in economics and finance

Friday, May 4th, 2018, the CFE together with the Economics Department launched the inaugural meeting of the “Women and Careers in Economics and Finance” lunch series. Our first speaker in the series was Meghan McGee, Partner at the Baltimore-based private-equity firm Camden Partners. Meghan first delved into the details of what exactly a private equity […]