My friend, Rob Kirby, passed this interesting graph to me, asking whether government deficits in fact really (and finally) do matter. The dollar index and the oil price typically move together in the same direction. This graph shows a marked departure from this pattern over the past year. This is something to take note of.
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts