Section 2 Extra Credit Sources for Fall 2022

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Section IV Extra Credit Posts for Spring 2023

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March 31 There have been many rumors around that the banking problem this month have come through social media, with Twitter often accused. Congress seems quite interested in pursuing this avenue. Meanwhile, Bloomberg reports that it wasn't (open) social media that was the problem, but rather (closed) thing like chat rooms, What'sApp groups, and old-fashioned phone calls. Check out " SVB’s Demise Swirled on Private VC, Founder Networks Before Hitting Twitter " for interviews with people who were caught up in this new type of bank run. March 29 No, it's not normal for me to be doing so much about a banking crisis in 2020, but it is the big macroeconomic news lately. This week we're learning that FDIC had finally found a buyer for the American portion of Silicon Valley Bank (SVB). Emphasizing again, when banks go bankrupt, the money isn't lost (usually), but rather is in the form of other assets that aren't as liquid. So FDIC is usually looking for a buy...
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Section 1 Extra Credit Sources for Fall 2022

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For September 27 GDP data is released at the end of each month in the U.S. The next release is Thursday before class.  GDP is measured quarterly in the U.S. After the quarter ends, they spend a month counting things up, and release their first draft on the last Thursday of the next month. A month later, they release a revision, and a month after that the final version. So the news on Thursday morning will be the final revision for 2022 II. So we won't get official information on the current quarter until the end of October. But, for now, economists working for various institutions have been releasing their forecasts about how this quarter looks to them. Calculated Risk has 3 of those in this post . They are actually forecasts for the rate of growth of real GDP, not the actual number. A typical/good rate of growth is 3%/yr. The range is about -2%/yr to about +8%/yr. So these forecasts are not good, but they are positive, indicating that the economy is growing. Generally speaking, y...
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Module 4 Extra Credit Posts for Fall 2025

November 3rd Update for 11/12:  News reports are that the House will vote on re-opening the federal government around 7 pm eastern time. It is expected to pass, and Trump has indicated he will sign it. Note that this continues the problematic payments to health insurers through the end of January. That gives them about 11 weeks to sort out their differences. Update for 11/11:  The Senate voted 60-40 to end the shutdown late on Monday evening. The bill they voted on now goes to the House. Many of the Representatives are still out of town (being around your district at election time to make appearances with candidates for other offices), but they are expected to vote by the end of the week. No guarantee it will pass, but that vote only needs to be a majority rather than a supermajority. As explained in other parts below, they can fund some or all of the government. They funded parts of the government through the end of the fiscal year, and the rest of it through January 30th. Ye...
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