10. September 2010

About: Paul L. Kasriel

Name:	Paul L. Kasriel
Company:	The Northern Trust Company The Econtrarian:
Function:	Director of Economic Research
URL:	http://www.ntrs.com/
Email:	plk1@ntrs.com
About:	Positive Economic Commentary "The economics of what is, rather than what you might like it to be." 50 South LaSalle Street, Chicago, Illinois 60675 The information herein is based on sources which The Northern Trust Company believes to be reliable, but we cannot warrant its accuracy or completeness. Such information is subject to change and is not intended to influence your investment decisions.

Guest Articles
03	Jun	2009	Greater Risk over Next Five Years – Inflation or Deflation?
28	Apr	2009	Preferred Equity into Common Equity - Accounting Alchemy?
23	Apr	2009	Does "Taxing" Pollution lead to Higher Prices and Lower Aggregate Output?
23	Apr	2009	Does “Taxing” Pollution Lead to Higher Prices and Lower Aggregate Output?
01	Apr	2009	Does Kramer Finally Get to Be a Banker and Does There Have to Be Skin in the Game for CDS?
23	Mar	2009	Fed Monetization – Not What It Buys, but How Much of Anything It Buys
24	Feb	2009	Paradox squared
09	Feb	2009	The Great Depression – Just the Facts, Ma’am
30	Jan	2009	Channeling Bob Laurent for a Market-Based "Bad" Bank Solution
25	Oct	2008	Alan Greenspan - Ted Williams or Willie Mays
21	Aug	2008	Brian’s Inflation Song Is a Little Pitchy
18	Jul	2008	All We Are Sayin' Is Give Free Markets a Chance
25	Mar	2008	Greenspan's Legacy of Debt
24	Mar	2008	It's So Over for Household Spending
11	Feb	2008	Alm's for the Poor?
10	Feb	2008	Is There Ever A Bad Time To Buy Stocks?
18	Dec	2007	Have a Lot of Problems with You People!
13	Sep	2007	Is Mishkin Mishuga* about Asymmetric Monetary Policy Responses?
30	Aug	2007	The Result of 35 Years of a Paper Global Monetary System
25	Aug	2007	There's No Such Thing as a Free Bailout
25	Jul	2007	Wealth Effect or Borrowing/Asset Sales Effect?
07	Jun	2007	The ECB Takes Another Step Toward Reining In Global Liquidity
07	Jun	2007	White House Buys into "Immaculate" Recovery Theme
06	Jun	2007	May Retail Sales Looking Soft / Bernanke Appears To Be A Team Player
02	Jun	2007	Will the Real Private Nonfarm Payrolls Please Stand Up?
30	May	2007	Gene Epstein's Great American Savings (sic) Myth
25	May	2007	Waiting for Godot and Predicted Supply-Side Results
23	May	2007	Dollar Bills, Construction Employment And Undocumented Workers
22	May	2007	Economy May Wake Up Without Consumers' Prodding?
20	May	2007	People's Bank of China Takes With One Hand, Gives With The Other?
30	Apr	2007	Economic Growth Slowing To Stall Speed
24	Apr	2007	Chicago Fed Index Points To Weak GDP Report On Friday
20	Apr	2007	LEI and KRWI - It's Different This Time?
11	Apr	2007	When The Facts Change, I Change My Model - What Do You Do?
31	Mar	2007	February PCE - Baby, It Was Cold Outside
30	Mar	2007	Q4 Corporate Profits Sink - Thank Goodness For Wall St.
29	Mar	2007	Bernanke's JEC Testimony - Fed Still Worried Most About Inflation, However ...
22	Mar	2007	Recession Imminent? Both the LEI and the KRWI are Flashing Warning
20	Mar	2007	Recession Watch Perhaps, But Not Yet Warning
18	Mar	2007	The Inverted Yield Curve - Is It Really Different This Time?
14	Mar	2007	What's Down With Nominal Retail Sales Growth?
27	Feb	2007	The Medical Care Component of Personal Consumption Expenditure Price Index - Flavor of the Week
24	Feb	2007	Homeownership Rate and Sub-Prime Mortgages - A Positive Correlation?
21	Feb	2007	President Moskow: You Funded It, Now Use It
03	Jan	2007	Housing Has Bottomed? Talk To Lennar
25	Dec	2006	Copper Price Corroborates Manufacturing Slowdown
21	Dec	2006	Wholesale Inflation - Energy And Cars Taketh Away And Giveth Back
20	Dec	2006	Rising Inventories and Price Cuts = Bottom of the Housing Recession?
19	Dec	2006	U.S. Current Account Deficit - Foreign Investors Making It Up On Volume?
16	Dec	2006	Festivus Flow-of-Funds Stocking Stuffers
12	Dec	2006	Goods-Producing Sectors Are Where The Cyclical Action Is
07	Dec	2006	What's the Fed up to when Yield Curves "De-Invert"?
05	Dec	2006	The "Carry" Trade in U.S. Housing Looks to be Over
29	Nov	2006	3Q Labor Cost Data Point To Weak Profit Growth
04	Nov	2006	A Solution to Fisher?s Lament
03	Nov	2006	Near a Bottom in Housing?
21	Oct	2006	Some Ugly, Thorny Things Debunk A Faith Thing
20	Oct	2006	How Do Households Keep Spending More Than They Earn?
20	Sep	2006	Professor Siegel Evidently Has Little New To Say and Neither Do I
15	Sep	2006	Falling Oil Prices May Spell Relief For Consumers?
02	Sep	2006	July PCE Price Inflation - Fed Stays on Hold at September Meeting?
01	Sep	2006	McKinnons Rule: An Honest Hypothesis Tested With "Corrupt" Data?
26	Aug	2006	New Homes Market: Worst Supply-Demand Situation Since Early 1970s
01	Aug	2006	Record Household Deficit - Is There Anything Wrong With This Picture?
30	Jul	2006	As Goes Housing So Goes The Economy - Even More So Now?
26	Jul	2006	Econ 101 Applied to Existing Homes
21	Jul	2006	The FOMC Is Forecasting Below Potential Economic Growth
19	Jul	2006	Homebuilding and Retailing Stock Indexes Speak Volumes
15	Jul	2006	Household Debt Service Ratio Hits New Record High
30	Jun	2006	Fed Wants To Pause - Will The Data Allow It To?
20	Jun	2006	Should Britannia Rule The Currency Waves Again?
17	Jun	2006	Real M2 Growth Signaling U.S. Economic Slowdown
16	Jun	2006	Industrial Production - Weakness Developing In Household-Related Sector
16	Jun	2006	All Items or Core Inflation - You Can Tighten Now or Tighten Later
15	Jun	2006	Regulatory Suasion - An Attempt At Deflating The Housing Bubble
14	Jun	2006	Retail Sales Beginning To Feel Effects of Housing Slowdown
14	Jun	2006	Will Corporate Bondholders Be Left Holding The Bag Again?
11	Jun	2006	Import Prices: One Month Does Not A Trend Make, But...
03	Jun	2006	Payrolls And Other Bearish Data Are Cause For A Pause At The June Meeting
01	Jun	2006	May 10 FOMC Minutes - Open Mouth or Open Market Policy?
25	May	2006	Real Retail Sales Off To Slow Start in Q2
16	May	2006	Fed Is Finding Confirmation Of Its Forecast
04	May	2006	Federal Reserve And Inflation Targeting - First Do No Harm
28	Apr	2006	GDP Is A Terrific Coincident Indicator
28	Apr	2006	Bernanke Hints at Near-Term FOMC Pause
23	Apr	2006	The LEI - The Rodney Dangerfield of Economic Statistics
20	Apr	2006	Commodity Prices and Consumer Prices - Just The Facts, Ma'am
31	Mar	2006	Inflation Targeting - Is Bernanke Really An Expert On The Great Depression?
29	Mar	2006	Fifteen In A Row For FOMC, Market Increases Bet On Sweet Sixteen
22	Mar	2006	Fact-Checking Bernanke's Yield Curve Comments
18	Mar	2006	2005 Flow-of-Funds Data - I Report, You Decide
02	Mar	2006	Is Dave Leonhardt A Renter?
17	Feb	2006	Bernanke & Co. - Put Your High Beams On!
09	Feb	2006	The Bell Tolls For Toll Bros.
04	Feb	2006	Corporate Profits Or Household Spending - Which Has Bigger Effect On Capex?
04	Jan	2006	The Yield Curve Inversion - It's Different This Time?
20	Dec	2005	Yield Curve Inversion - Necessary But Not Sufficient Recession Condition
16	Dec	2005	Are Corporate Bondholders Chopped Liver?
13	Dec	2005	Households - Another Quarter Older and Deeper In Debt
10	Dec	2005	Appealing To Occam's Razor to Explain Gold Above $500
07	Dec	2005	Yield Curve vs. S&P 500 - Which One Should We Believe?
02	Dec	2005	Gold-Price Adjusted, Were Still In A Recession
15	Nov	2005	Greenspan?s Legacy Of Debt
28	Oct	2005	Chairman Bernanke: The More Things Change, The More They Stay The Same
21	Oct	2005	The Fed: No Way Out?
07	Sep	2005	Hurricane Katrina - A Supply Shock Interacts With Preexisting Demand Restraint
01	Sep	2005	A Heretic On The FOMC?
26	Aug	2005	INXS
24	Jul	2005	Greenspan Has Spoken, China Is Revaluing And I?m Reevaluating
08	Jul	2005	Falling Bond Yields Are A Sign Of Easier Monetary Conditions?
30	Jun	2005	Political Economic Reasons Why The Fed Is On The Cusp Of Pausing
29	Jun	2005	Is Restrictive Monetary Policy What Ails The Eurozone?
26	Jun	2005	Wilting Manufacturing vs. Vibrant Housing
24	Jun	2005	When Gold Really Starts To Glitter
22	Jun	2005	Glut vs. Weaker Economy, or Glut and Weaker Economy?
17	Jun	2005	Labor Market Continues To Show Less Vigor
16	Jun	2005	Weak Retail Sales - Blame It On The Weather Or The Fed?
14	Jun	2005	All Currencies Beginning To Sink?
09	Jun	2005	The Yield Curve - Greenspan's Blind Spot?
04	Jun	2005	Regulatory Suasion - An Attempt At Deflating The Housing Bubble
01	Jun	2005	Import Prices and the Renminbi - Let Sleeping Dogs Lie?
26	May	2005	Regulatory Suasion - An Attempt At Deflating The Housing Bubble
21	May	2005	Why Don't Economists Follow The Leaders?
07	May	2005	Prospects and Implications of Chinese Yuan Revaluation
03	May	2005	Let's Give Greenspan His Due
02	May	2005	Households Run Record Deficit In Q1
30	Apr	2005	Let's Give Greenspan His Due - Malaysia
13	Apr	2005	Case Study On Costs Of Hitching Your Wagon To A Dollar "Star" - Malaysia
02	Apr	2005	Households - Still Running On Empty!
23	Mar	2005	How Should The Fed Respond To Energy Prices?
14	Mar	2005	Is Ben Bernanke The "Reincarnation" Of Manley Johnson?