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Rescooped by Zach Brown from A.P. Microeconomics Research Paper
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New York Minimum Wage Increases 2013

New York Minimum Wage Increases 2013 | AP MACRO | Scoop.it
The current minimum wage in New York is $7.25 per hour, which is the federal minimum wage. However, the NYS Legislature has passed legislation which will increase the minimum wage from $7.25 per hour to $9.00 per ...

Via Luke Nicholson
Zach Brown's insight:

So basically the minimum wage is going to increase in New York over about three years except for workers who get tips until it's at nine dollars but there's a high chance of the cost of living increasing as well so there wouldn't be much of a point for this increase because the consumers wouldn't be able to save or consume any more than they already were. EM

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Government Shutdown Impact On GDP Growth - Business Insider

Government Shutdown Impact On GDP Growth - Business Insider | AP MACRO | Scoop.it
Goldman Sachs estimate for the government shutdown's impact on growth.
Zach Brown's insight:

Graph and article on how the government shutdown affected GDP

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Rescooped by Zach Brown from Gold and What Moves it.
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The Golden Truth: Brain Damage - And, Uh, QE Is Working (I'll Explain)

The Golden Truth: Brain Damage - And, Uh, QE Is Working (I'll Explain) | AP MACRO | Scoop.it
The Fed has lost control of the markets and Wall Street economists, media analysts and most blog writers suffer from tragic and terminal mental disabilities.

 

First off, I'd like to say that I'm really quite amazed at the degree of "surprise" over the FOMC policy statement yesterday.  Anyone who understands the nature of QE and why it's being done knew back in May when Helicopter Ben first mumbled the word "taper" that the Fed wouldn't reduce QE.  Given the response reflected by the media and the fact that 100% of Wall Street's brain trust expected a $10-15 billion "taper," I'd say that every single Wall Street economist is brain damaged.  What he hell are they getting paid for when they get their forecasts so egregiously wrong every god damn week?  Seriously. And now I'm seeing articles which are reporting that now the big debate is the timing of an eventual taper.  Einstein is credited with attributing insanity to the act of making the same mistake repetitively.  I guess Wall Street, and the media who regurgitates Wall Street's vomit, must not only be brain damaged, but they all must be insane as well.  Analyze this you brutes:   Ben Bernanke said - almost verbatim - that the Fed will reduce its stimulus policy when the unemployment is below 6.5%.  He specifically said that  "we are tied to the data, we don't have a fixed calendar schedule" and that a low interest rate policy will be in effect until unemployment goes below 6.5%.  The Fed is tied to the data not the calendar.  Bold, italics, underlined.  If you know how to use google you can find the exactquote from Bernanke's mouth.  If Wall Street's overpaid finest - and paid with taxpayer largesse, I might add - wants to figure out when the Fed will "taper," then they should spend their time figuring out what it will take to get unemployment below 6.5%.  Here's my call:  we won't see that number in our lifetime. ...


Via Hal
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Hal's curator insight, September 19, 2013 3:46 PM

click through for the rest of the post.

Dirty Ray and the Boys's curator insight, October 22, 2013 8:36 PM

Jesus Guzman