Sorry for the lack of blogging but I was a speaker at the Minneapolis Fed Regional Economic Conditions Conference this Tuesday (link to presentations here). My slides are available from the Fed site as well. I thought I would highlight a few things that got the attention of the audience.
The only difference between death and taxes is that death doesn’t get worse every time Congress meets.
Blogging can get back to a semi-regular thing for a while now. I had two presentations taking most of my time these last couple of weeks. I will present some economic analysis ideas to a group of Veteran Entrepreneurs later this month so I had to get worksheets and such ready for them. Next week I will be presenting at the Minneapolis Federal Reserve bank so I had to get that done as well. That and department chair duties is enough to keep anybody busy.
It was a busy week with a visit by the Minneapolis Federal Reserve President, Neel Kashkari. I will post about that later probably. With the other economic news coming out about the shelving of another vote on healthcare overhaul and the release of a tax plan, wages and income seem to be as relevant now as they were in the last few weeks.
I am getting back to my monetary economics roots with this post. Bloomberg has a really interesting piece (found here). One well known forecasting tool or leading indicator known to the public at-large is the inverted yield curve. After an inversion the economy goes into recession within a few quarters, or so the story goes.