[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.

Friday, June 30, 2017 - 8:15am

[OP-ED]: El circo de Trump llega a Miami

 06/21/2017 - 12:06
US President Donald J. Trump shows the National Security Presidential Memorandum on Cuba, he signed after giving remarks at Manuel Artime Theater in Miami, Florida, USA. EFE

Si usted siente que después de las elecciones pasadas son los pacientes los que dirigen el manicomio, créame, no es el único. El lunático número uno es, sin duda, el mismo presidente, quien la semana pasada en Miami demostró una vez más que su concepto (o su comprensión) de la realidad no pasa de los “reality shows”.

Wednesday, June 21, 2017 - 9:15am