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Washington Post – “…inquiries into how fast wealth grows relative to the economy have been hampered by a lack of good, complete, comparable long-term data on the rates of return for various assets: stocks, bonds, real estate and the like. You’d want this to know what you’d expect a “natural” rate of return to be in …
An Index of Treasury Market Liquidity: 1991-2017. November 2017 Number 827. Authors: Tobias Adrian, Michael Fleming “Order book and transactions data from the U.S. Treasury securities market are used to calculate daily measures of bid-ask spreads, depth, and price impact for a twenty-six-year sample period (1991-2017). From these measures, a daily index of Treasury market …
“Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permissionless …
Wharton Podcast: “It was an unexpectedly stellar year for U.S. stock markets in 2017 – up about 24% thanks to a stronger economy, falling unemployment and expected tax breaks for companies that finally materialized at the last hour. According to Wharton finance professor Jeremy Siegel, since most of the good news has been baked into …
POGO: “On the Thursday before Christmas, the Department of Justice (DOJ) released its annual fraud recovery numbers. The DOJ announced it had recouped $3.7 billion through settlements and judgments in False Claims Act cases in fiscal year 2017. This amount is nearly 23 percent lower than the previous fiscal year, but roughly in line with FY …
CRS report via FAS – Financial Stability Oversight Council (FSOC): Structure and Activities. Jeffrey M. Stupak, Analyst in Macroeconomic Policy. December 22, 2017. Summary: “The Financial Stability Oversight Council (FSOC) and its Office of Financial Research (OFR) were established by the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111- 203) to address several …
Bitcoin.com: “Bitcoinlawhub.com is a newly launched site [by attorneys Dave and Susan Berson] that lives up to its name. It provides a repository where US citizens can access a wealth of resources pertaining to digital currencies. If you’ve ever wondered how anti-money laundering laws affect bitcoin ATMS, or how bitcoin fits into estate planning, you’ll find …
The Washington Post: “Nearly a year into his takeover of Washington, President Trump has made a significant down payment on his campaign pledge to shrink the federal bureaucracy, a shift long sought by conservatives that could eventually bring the workforce down to levels not seen in decades. By the end of September, all Cabinet departments …
24/7 Wall St: “…The typical CEO of such a company earns $11 million a year — nearly 200 times the $57,617 the typical American household earns a year. The stark difference in compensation only appears to be growing wider. CEO pay increased by 6% in 2016, compared to a 3% increase in earnings for the …
Prepaying Your Property Tax? I.R.S. Cautions It Might Not Pay Off – “…The tax bill that President Trump signed into law last week sharply limited the itemized deductions for state and local taxes while raising the standard deduction for individuals and couples. Those rules do not take effect until 2018, however. That has led some …
“The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs. The 23 percent increase on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people, compares with an almost 20 …
What can machine learning do? Workforce implications. Erik Brynjolfsson and Tom Mitchell. Science 22 Dec 2017: Vol. 358, Issue 6370, pp. 1530-1534 DOI: 10.1126/science.aap8062 “Digital computers have transformed work in almost every sector of the economy over the past several decades. We are now at the beginning of an even larger and more rapid transformation …
