This one chart from today's podcast guest Jim Egan. Incredible.
The difference between having a ZIRP-era mortgage and not having one. https://t.co/o71SYqgz7s
This one chart from today's podcast guest Jim Egan. Incredible. The difference between having a ZIRP-era mortgage and not having one. https://t.co/o71SYqgz7s
Economist Thomas Philippon27 has produced detailed studies of the size of the financial sector as a percentage of GDP over the past 150 years. The ratio was less than 3% during the years preceding World War I, but was to shoot up afterwards, collapsing during the Great Depression, but growing seemingly in an unstoppable manner since the end of Worl
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the federal funds rate is the floor on which all other interest rates rest.
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Rich is a current income.
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total factor productivity—that’s economic output relative to the number of hours people worked and the amount of money invested in the economy—hit levels not seen before or since.
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It seems we live in a confused economy where price has little relation to value and growth doesn’t necessarily translate into increased welfare or happiness.
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