
The Safe Asset Has Acquired Some Exciting New Risks
If the financial system’s safety equipment is becoming a playground for leveraged trading, the public deserves more than admiration for the technique.
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If the financial system’s safety equipment is becoming a playground for leveraged trading, the public deserves more than admiration for the technique.
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The productivity gains are promised for later. The competition for capital—and pressure on everyone else—is happening now.
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September’s producer prices jumped 1.3%, while new unemployment claims barely moved. The fresh data refuse to squeeze into one convenient campaign slogan.
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Retail sales rose in September, but the heroic consumer in this story looks suspiciously like a gas pump holding everyone’s wallet hostage.
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September’s inflation figures are out. The gasoline index did not receive the memo about how great everything is going.
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