The Bank of Japan’s new governor, Ueda Kazuo, marks a break with tradition
The memoirs of central-bank officials are rarely bestsellers. Ueda Kazuo’s book, “Fighting Zero Interest Rates”, about his time on the Bank of Japan’s policy board, certainly wasn’t when it was published in 2005. But it began to fly off the shelves after Mr Ueda became the surprise choice to run the boj when the term […]
U.S. inflation is ‘far stickier’ and could last a decade
U.S. inflation is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management. Wall Street is gearing up for key inflation data later Tuesday, when the Labor Department releases its January consumer price index. It is a widely followed inflation gauge that measures the cost […]
China Raises Draft Age up to 60 Years Old
Of course, China knows that the Biden Administration wants war. They are increasing their age limits for military service to up to 60 years old. Don’t get upset and think you will be too old for the United States and Europe. You can never be too old to die for your local politician. We will […]
Inflation report due Tuesday has the potential to deliver some bad news
Prices are displayed in a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Just as Federal Reserve officials have grown optimistic that inflation is cooling, news could come countering that narrative. All market eyes Tuesday will be on the release of the Labor Department’s consumer […]
War and subsidies have turbocharged the green transition
To many activists, Lutzerath, an abandoned hamlet in Germany, encapsulates the nightmare of the global energy crisis. For months campaigners blocked the site’s demolition, after Robert Habeck, the country’s energy minister, allowed a utility firm to mine for lignite—the dirtiest form of coal—under its graffitied houses. As a giant excavator swallowed its way closer, hundreds […]
What the Peltzman Effect Is and Isn’t
And a personal story. Peltzman’s second major contribution to the understanding of the unintended effects of regulation was his 1975 study of the effects on traffic safety of a slew of US National Highway Traffic Safety Administration regulations on the design of cars. In the mid to late 1960s, the federal government made a […]
