No credit card binge, but burdens are rising
By Byron Gangnes Credit card balances broke the $1 trillion mark recently, but their share of disposable income remains moderate by historical standards. And as
September 28, 2023
Byron Gangnes
Jobless claims reveal staggering employment cost of Maui wildfires
By Byron Gangnes Jobless claims for the week ending September 2 have been released. At the national level, new claims ticked down for the fourth
September 7, 2023
After the Maui wildfires: The road ahead.
By Steven Bond-Smith, Daniela Bond-Smith, Carl Bonham, Leah Bremer, Kim Burnett, Makena Coffman, Peter Fuleky, Byron Gangnes, Rachel Inafuku, Ruben Juarez, Sumner La Croix, Colin
August 31, 2023
Are stock investors crazy?
By Byron Gangnes Stock prices are at a very high level, and yet investors have not pulled back. What gives? How should we think about
July 21, 2023
How high are interest rates really?
By Byron Gangnes The Federal Reserve has raised interest rates sharply over the past fifteen months, and Fed officials have signaled that perhaps two more
July 13, 2023
Is inflation going the Fed’s way? Depends where you’re looking.
By Byron Gangnes The Fed’s war on inflation has been underway for more than a year. Interest rates have been driven up sharply, with consequences
May 26, 2023
When banks go boom: Footloose deposits, regulatory failure, and the SVB crisis
By Byron Gangnes Banking can be a risky business. A bank keeps only a fraction of its deposits as cash reserves, turning the rest into
March 28, 2023
COVID-19 infections, vaccines, and economic recovery
By Carl Bonham, Peter Fuleky, Byron Gangnes, and Justin Tyndall A year ago Hawaii was operating under its first COVID-19 Stay at Home Order. As
April 16, 2021
Multipliers and the effectiveness of government policies
By Byron Gangnes, Rachel Inafuku, and Peter Fuleky The economic shutdown in Hawaii and elsewhere due to the novel coronavirus has led to sharp reductions
June 4, 2020