Prior to prohibition there were a large number of craft breweries in the U.S., during prohibition they all of course were forced to close. In the years following the repeal of prohibition Americans acquired a taste for questionable quality macro-breweries (Bud, Pabst, Coors, etc). About a decade or two ago the craft beer movement in the U.S. […]
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MikeMcD82
Investors are begining to flock away from low yielding money market funds as the U.S. debt ceiling impasse lingers on, reducing short-term liquidity. Over the past two weeks investors have pulled out more than $62 billion from such funds echoing moves leading up to Lehman’s collapse where investors withdrew nearly $200 billion. The loss of […]
While it’s often said no publicity is bad publicity Greece is a clear exception to the rule. Mentions of Greece in stories on the terminal are approaching its May 2010 high; corresponding with the period Greece first accepted an EU sponsored bailout. Greece’s more frequent mentions has come at a cost for the country and […]
To subsribe please go to {BRIEF <GO>} on your terminal , or visit www.bloomberg.com/brief
Social unrest in Tunisia has shone a spotlight on the country’s high inflation and unemployment, characteristics shared by many of its neighbors. The misery index developed by economist Arthur Okun traditionally adds a country’s inflation rate and unemployment to measure quality of life. Bloomberg Brief modified this for the map below, adding in the Democracy […]
When the Federal Reserve launched its unprecedented program of quantitative easing in early 2009, it was difficult to predict how various asset classes would react. Now, as the Fed considers a second round of asset purchases, the first program has left a blueprint of sorts behind that could be useful in predicting how markets might […]
I am now working as a full-time economist with Bloomberg LP, so I will only be able to make sparse updates to my personal blog. The good news is you can still follow me on twitter where I will remain active: http://twitter.com/M_McDonough Thanks for reading!
Taking a random sampling of 2Q GDP forecasts for Bloomberg we can see the uncertainty facing the release schedule for 7/30. Weaker than expected trade and and inventory data are the primary culprits behind the uncertainty, and I imagine more banks will revise down their forecasts as we move closer to the release. Presently, I believe […]
An older piece I did on Bloomberg radio discussing the correlation between garbage and GDP. I am more putting it up here, so I don’t lose track of the file… Bloomberg radio 6-11-10