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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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 […]
To subsribe please go to {BRIEF <GO>} on your terminal , or visit www.bloomberg.com/brief
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
**Story by Bloomberg’s Interactive Insight Desk… U.S. employees old enough to retire are outnumbering their teenage counterparts for the first time since at least 1948 when Harry Truman was president, a sign of how generations are now having to compete for jobs. Rest of the story and interactive graphics: http://www.bloomberg.com/insight/teens.html