Weekly Economic Commentary Index

 
 
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Weekly Economic Commentary Index

   

 

May 17, 2013
  • Predictions of an American manufacturing renaissance may be premature
  • Does the Fed have to worry about deflation?
  • The U.S. fiscal deficit is narrowing rapidly
May 10, 2013
  • Countries should be careful not to overstimulate their housing markets
  • Credit extension is improving, but remains modest
May 3, 2013
  • Job creation may be more robust than official statistics suggest
  • U.S. employment situation
  • Central bank meetings
April 26, 2013
  • The yin and the yang of commodity price trends
  • Gold prices are beating a hasty retreat
  • FOMC meeting preview
April 19, 2013
• The world’s public debt is much larger than it may appear
• The lines have been drawn in the U.S. budget debate
• Rates of disability are affecting labor force participation
April 12, 2013
  • Everyone wants more financial stability, but at what cost?
  • More FOMC participants are getting concerned about QE
  • Germany’s faltering economy may lead it to support more ECB stimulus
April 5, 2013
  • This week’s central bank meetings revealed a range of behavior
  • The U.S. employment report fell well short of expectations
  • Does China have a property bubble?
March 29, 2013
  • Learnings from the Cyprus saga
  • Japan: A strong start to "Abenomics," but will it work?
  • The high end of the market is driving new home construction
March 22, 2013
  • The success of central bank policy is not measured by the revenue it generates
  • Cyprus is a small country that could cast a long shadow
  • The U.S. dollar’s fortune is changing
March 15, 2013
  • Despite exceptionally easy monetary policy, inflation risk remains low
  • Record stock market levels are boosting consumer spending
  • U.S. capital spending is poised to be a bright spot this year
March 8, 2013
  • Labor policy needs to help, not hinder employment
  • The U.S. employment report surprised on the upside
  • Watch the shadows behind China’s official credit measures
March 1, 2013
  • There are more sellers than buyers in the world economy
  • The recent Italian election may usher in renewed instability
  • US bank lending is finally expanding, but not everyone is happy about it
February 22, 2013
  • Central banks are factoring financial stability into their decision making
  • The FOMC is taking a critical look at its asset purchase strategy
  • Don’t look now, but the sequester is coming
February 15, 2013
  • The recent “energy dividend” is not likely to last
  • Crafting a single monetary policy for Europe is challenging
February 8, 2013
  • Immigration reform would help the US economy at many levels
  • There is much going on with the US labor force participation rate
  • Will leadership change usher in a new era at the Bank of Japan?
February 1, 2013
  • Is the world engaged in a “currency war?”
  • January’s job report had some pleasant surprises, but more progress is needed
  • Purchasing managers surveys suggest growth in the US, retreat for Europe
January 25, 2013
  • Housing is off the floor, but faces ceilings
  • The cost of housing could be a source of increased inflation
  • January’s FOMC meeting should not break any new ground
January 18, 2013
  • Are central banks easing off prematurely?
  • Washington is girding for another budget imbroglio
  • Inflation is contained, for now
January 11, 2013
  • Special Edition: The Outlook for 2013
January 4, 2013
  • The US Congress kicked the fiscal cliff down the road
  • Holiday sales in the US were tepid
  • December’s job report will not impress the Fed
December 21, 2012
  • Some non-economic thoughts for the holidays
December 14, 2012
  • Fiscal friction is taking a toll on confidence in Washington and Rome
  • What inflation rate should be used to index entitlements?
  • Our updated US forecast assumes a budget resolution before year end
December 7, 2012
  • What are the margins of monetary policy?
  • The November job report showed only modest improvement
  • Japan continues to struggle, with a change of government on the horizon
November 30, 2012
  • Many nations are being reminded that when times are tough, so is budgeting.
  • America’s energy picture is changing for the better.
  • The EU took an "extend and pretend" strategy with Greece.
November 16, 2012
  • The focus on the fiscal cliff cannot be overstated.
  • It is very hard for the world’s central banks to set rules governing monetary policy.
  • The troika charged with addressing Greece has some internal disagreement.
November 9, 2012
  • Hurricane Sandy will impact the pattern of upcoming data, but is not likely to have a lasting economic impact.
  • Our updated forecast anticipates some movement on the “fiscal cliff.”
  • France may be part of Europe’s problem, not a source of Europe’s solutions.
November 2, 2012
  • The October employment report paints a favorable picture of the labor market.
October 26, 2012
  • Fiscal policy is a matter of multiplication.
  • US GDP growth accelerated in the third quarter, but remains less than ideal.
  • Recent reports out of China reassured the markets, but underlying trends are not so promising.
October 5, 2012
  • While joblessness is still very high, the September employment data depict widespread improvement in labor market conditions.Helpful credit conditions have made auto sales a bright spot.
  • Despite the polarity of election politics, discussions aimed at averting the fiscal cliff are underway.
  • Recent reports from China align with impressions of reduced economic growth.
September 27, 2010
  • Chicago Fed National Activity Index Points to Slowing Economic Conditions
  • Latest Rumblings about Fed Action

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Carl Tannenbaum
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Carl R. Tannenbaum
Chief Economist
 
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Carl Tannenbaum
Carl R. Tannenbaum
Chief Economist
 
Carl Tannenbaum is the Chief Economist for Northern Trust. Prior to joining Northern Trust, Carl led a team at the Federal Reserve Bank of Chicago whose charter was to analyze financial risk, its implication for the broad economy and policy choices to address it. He served as the head of the entire Federal Reserve System's risk group in Washington for a year that ended in March, working closely with Federal Reserve System Governors and senior officials.

He received a bachelor's degree in finance and economics and a Masters of Business Administration degree from the University of Chicago. He is a past chairman of the Conference of Business Economists and also a past president of the National Association for Business Economics, the North American Asset/Liability Management Association and the Bank Administration Institute's Treasury Commission.
 
 
 
 
 
 
 
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