Every time I see references in academic papers to “fiscal dominance,” I envision a gigantic dominatrix, whip in hand, staring down at the world.
Job growth will sustain the U.S. economic recovery even as government fiscal stimulus ends, according to David Greenlaw , Morgan Stanley’s chief fixed-income economist in New York.
Government efforts to smooth U.S. payroll changes from month to month may have masked an even bigger gain in October than the 151,000 reported today, according to Morgan Stanley’s David Greenlaw .
Claims for jobless benefits, normally one of the most timely and closely watched indicators of the state of the U.S. labor market, are losing their cachet, economists at Morgan Stanley and Citigroup Inc. say.
The U.S. will avoid plunging off a fiscal cliff in 2013, according to economists surveyed by Bloomberg News, as lawmakers find enough common ground in budget negotiations to avert a recession.
Morgan Stanley economists are forecasting “more monetary medicine” as the U.S. labor market buckles and manufacturing output stumbles from the U.K. to China.
The economy in the U.S. unexpectedly came to a standstill in the fourth quarter as the biggest plunge in defense spending in 40 years swamped gains for consumers and businesses.
The “R” word that economists were using after yesterday’s news that U.S. gross domestic product contracted in the fourth quarter was rebound, not recession.
Companies in the U.S. are relying on existing workers and temporary employees instead of hiring, helping to explain why payrolls grew less than forecast in June.
Federal Reserve Chairman Ben S. Bernanke and his colleagues may shift from focusing on the gap between actual and optimal employment to an emphasis on the economy’s speed limit in the months ahead.
"We do not think the report was quite bad enough to tip the scales toward doing something like QE3."
- David Greenlaw on Jul 06, 2012
Greenlaw Sees Slow Rise in Bond Yields
Patterson, Lynn, Greenlaw, Doll, Tisch, Dennis
Greenlaw Sees No U.S. Export Boost From Weak Dollar