LeeCoppock.com
Econ News You Can Use
Category: Financial Markets
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Should we ditch macroeconomics or perhaps reduce it to two weeks? In a recent blog post, Noah Smith argues that most of the material in a Principles of Macroeconomics class isn’t really necessary. After teaching macro principles to more than 1,000 students per year since 2003, it is easy for me to find the blind…
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Last Friday, the Fed released the detailed transcripts of FOMC meetings during 2008, the year they realized the gravity of the financial crisis. It's a big job, but if you are so inclined, you can read the transcripts in their entirety here. The NY Times has done us all a service by splicing key statements…
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Ben Bernanke is serving his last week as the Chair of the Federal Reserve and will be replaced by Janet Yellen on February 1st, which makes this a good time to consider his track record. I agree with Kevin Grier (aka Angus), who praises Bernanke for avoiding both financial catastrophe and inflation. Ben considers the…
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The Dow Jones Industrial Average (Dow) is changing its composition of stocks today, both adding and deleting some well-known U.S. firms. The table below lists the changes to the Dow. Who's in: Goldman Sachs Nike Visa Who's out: Bank of America Alcoa Hewlett-Packard The goal of the Dow is to provide an indicator of conditions…
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