During this holiday season, Morning Macro will air on December 16th and January 13th.   The spring-2020 tentative schedule is the following: Monday, January 27th Monday, February 3rd Monday, March 2nd Monday, March 16th Monday, March 30th Monday, April 13th Monday, April 27th   All programs air on South Dakota Public Radio during In the […]

This blog post accompanies the SDPR Morning Macro segment that airs on Monday, December 2. Interest rates attract enormous attention in the financial press, and no wonder: credit—and, so, the cost of financing credit—supports many of the economic activities in which households, firms, and governments around the world engage.  In this regard, the U.S. is […]

This blog post accompanies the SDPR Morning Macro segment that airs on Monday, November 18. The U.S. economy has been in the expansion phase of its business cycle since the second quarter of 2009—the end of the Great Recession a decade ago.  An expansion is one of four so-called phases of a business cycle; the other three […]

This blog post accompanies the SDPR Morning Macro segment that airs on Monday, November 4. Last Wednesday, the Federal Reserve’s Federal Open Market Committee (FOMC) cut its target range for the federal funds rate by a quarter of one percent; the range is now 1.5 to 1.75 percent.  This was the third rate cut since July.  The federal […]

This blog post accompanies the spring-2019 season finale of SDPR Morning Macro, which airs on Monday, May 20.  Please watch and listen for us in the fall.  Keep in touch.  And thank you. In February 1948, crowds filled Prague’s Old Square as Communist Czechoslovak Prime Minister Klement Gottwald announced the Communist Party of Czechoslovakia had successfully instigated […]

This blog post accompanies the SDPR Morning Macro segment that airs on Monday, May 13. Macroeconomic growth relies on credit. Credit is allocated in the financial system, where, by definition, individuals, firms, and governments with a surplus of  funds—think, lenders, for example—transfer these funds to individuals, firms, and governments with a shortage of funds—think, borrowers, […]