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Jay L. Zagorsky

Jay L. Zagorsky

Since 1995 I have held the position of Research Scientist at The Ohio State University, where I collect data as part of the National Longitudinal Surveys on income, wealth, and life experiences of thousands of Americans. My personal finance research has been widely quoted in the media and has been highlighted in the Wall Street Journal, USA Today, Fox News, Good Morning America, Scientific American and numerous other news outlets.

Besides publishing numerous scholarly articles I wrote the book "Business Information: Finding and Using Data in the Digital Age" for McGraw-Hill/Irwin and "Business Macroeconomics: A Guide for Managers, Traders and Practical People." More information on the macroeconomics book can be found at http://businessmacroeconomics.com/.

I also teach at Boston University's School of Management. From 1988 to the present my teaching has spanned a wide range of levels from senior executives taking intensive classes to high school students encountering economic theories for the first time. I have taught giant lectures of over 450 students, classes of fifty, and small seminars with fewer than ten people.

My personal blog is found here http://u.osu.edu/zagorsky.1/

GOP plan to tax college endowments like Yale's and Harvard's would be neither fair nor effective

Nov 08, 2017 15:04 pm UTC| Insights & Views Politics Economy

Tucked away in the recently announced GOP tax bill is a small item you may have missed: a new tax on university endowments. As I have spent decades working in higher education, the proposal immediately piqued my...

Economist who helped behavioral 'nudges' go mainstream wins Nobel

Oct 10, 2017 14:06 pm UTC| Insights & Views Economy

The 2017 Nobel Prize in economics was awarded to University of Chicagos Richard Thaler for his work in behavioral economics, which is the integration of economics with psychology. While the award was not a total...

The penny may be worthless, but let's keep it anyway

Aug 28, 2017 15:19 pm UTC| Insights & Views Economy

Governments have long waged a war on cash in an attempt to curb terrorism and tax evasion. Their focus has typically been on eliminating large denominations, like Europes 500 bill or Indias 1,000 rupee note. Two U.S....

Why Wall Street's Dow 20,000 is totally meaningless

Jan 26, 2017 07:27 am UTC| Insights & Views Economy

The Dow Jones Industrial Average just broke 20,000 for the first time. Traders and investors cheered this historic high of the worlds most famous stock market index, which is composed of 30 of the biggest and...

Paid family leave policies are expanding, but are new mothers actually taking time off?

Jan 24, 2017 15:37 pm UTC| Insights & Views Economy Law

The recent presidential campaign reminded us that the U.S. is one of only a handful of countries that doesnt require companies to provide paid maternity leave. Maternity leave is important. One of the key reasons is...

Worrisome Signs Series

How to get ready for the economic recession coming in 2017

Dec 31, 2016 16:08 pm UTC| Insights & Views

My outlook for 2017 and beyond is that the U.S. economy will likely see another recession. Yes, the economic picture currently looks wonderful. The Dow and SP 500 are at record levels. Unemployment is well below 5...

Have reports of Black Friday's death been greatly exaggerated?

Nov 23, 2016 23:58 pm UTC| Insights & Views Economy

Black Friday is hyped as one of the biggest in-store shopping days of the year, with stores trumpeting giant sales and even bigger advertising campaigns. Some pundits claim that Black Friday is dying and is no longer...

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Economy

U.S. Treasuries suffer ahead of initial jobless claims, 10-year TIPS auction

The U.S. Treasuries continued to be beaten Thursday as investors look forward to the countrys weekly initial jobless claims, scheduled to be released today by 13:30GMT, followed by the Philly Fed Manufacturing index, due...

UK gilts slump on expectations of decline in December retail sales

The UK gilts slumped Thursday on expectations that the countrys December retail sales, due on January 19 by 09:30GMT will fall -0.6 percent, compared to 1.1 percent in November, adding further direction to the debt...

Global Geopolitical Series: Trump likely to slap hefty fines on China over intellectual property theft

U.S. President Donald Trump is likely to take his trade war with China to the next level by slapping a hefty fine over Chinas intellectual property theft. In an interview with Reuters, Trump and his economic adviser Gary...

German bunds plunge in silent trading session ahead of ECB member Coeure’s speech

The German bunds plunged Thursday amid a silent trading session ahead of European Central Bank (ECB) member Coeures speech, scheduled to be held today by 14:30GMT for further direction in the debt market. The German...

Australian unemployment rate likely to trend lower over next few months, remain supportive of wage growth recovery

Australias unemployment rate is expected to trend lower over the next few months, which should help to support an eventual recovery in wage growth, according to a recent report from ANZ Research. Looking at the countrys...

Politics

GOP tax plan doubles down on policies that are crushing the middle class

The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than ones parents, and retiring in comfort are all hallmarks of a middle-class...

What does Ramaphosa's victory mean for South Africa's economy?

A great deal is expected from Cyril Ramaphosa who was elected as the president of South Africas governing party, the African National Congress (ANC). This positions him to become the countrys president in 2019. Sibonelo...

Cyril Ramaphosa prepares to confront South Africa's bleak future

Among all the remarkable turns in African politics this year, one of the most momentous was Decembers ANC party congress in South Africa, where the party chose a new president: Cyril Ramaphosa, who narrowly bested...

Is the British monarchy actually adapting to changing social norms?

Is the royal marriage story were being sold really a fairy tale come true? Or is it a story spun by Buckingham Palace for its own self-interest, one shrouded in myth and make-believe? In the coverage of next summers...

Politics won out over international law in recent UN elections

For the first time in the courts history, the UK will not have a judge sitting at the International Court of Justice (ICJ). Christopher Greenwood, who was seeking a second nine-year term, pulled out of the race on November...

Science

Urban Farming Could Be Humanity’s Best Hope To Solve Deforestation And World Hunger

World hunger and global deforestation are two of the biggest problems assaulting humanity right now. Sure, theres also climate change, but it can almost be considered an umbrella under which all of the global threats from...

Automation Takes Over Stem Cell Manufacturing Too, FDA Approves

When discussing stem cell research, most people would likely bring up scientists harvesting stem cells from living tissue. While this is certainly true, there is now a new method that would allow researchers to manufacture...

Popular Pain Medication Ibuprofen Could Lead To Male Infertility, Study Says

Ibuprofen is one the most well-known pain medications in the West, taken by millions of people every day. Its a particular favorite of many athletes who suffer from muscle soreness and joint pains. According to a recent...

Scientists 3D-Print Living Tissue That Form Shapes, Pointless Or Gateway To Westworld?

Synthetic tissue has been a huge source of excitement in the scientific community for years, especially after 3D-printing technology really took off. Recently, scientists reveal that they were able to create shapes with...

Climate Change Impact Will Include More Asylum Seekers In Cooler Countries, Study Says

The impact that climate change can have is nearly universal. It pervades every aspect of human and animal life, making the planet uninhabitable by the day. One of the most alarming results of the increasingly hostile...

Technology

Apple Employees Get $2,500 Bonuses In Celebration Of Major Tax Cut

Apple might be a little late to the celebration game, but it will reportedly be giving employees $2,500 in bonuses to celebrate the recently passed tax cut bill. These bonuses will supposedly come in restricted stock units...

iPhone Users Beware, New iMessage ‘Text Bug’ Is Freezing Devices

A new bug that targets the iMessage feature on iPhones called chaiOS is currently floating around. Users who receive a message containing this bug are warned not to open it because it will cause their devices to crash....

Apple To Pay $38 Billion In Tax For Plans To Bring Home Its Billions From Overseas

Apple recently announced that it would be bringing home the bulk of its overseas funds, which happens to be the largest of any U.S. company. This would involve paying $38 billion in taxes, but it seems the company doesnt...

Apple Is Hiring For Work-From-Home Jobs Positions

Job hunters might want to perk up and pay attention. Apple is currently looking for new employees for both full-time and part-time positions that would allow them to work from home. Officially called At Home Advisors, the...

China Adds To Apple iPhone Slowdown Woes, Wants Answers

Yet another consumer group from a major smartphone market is looking for answers from Apple with regards to the issue of slowing down older iPhones. The Shanghai Consumer Council sent the Cupertino firm a letter, asking...
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January 18 15:30 UTC Released

USNat Gas, Change Bcf

Actual

-183 Cubic feet

Forecast

-199 Cubic feet

Previous

-359 Cubic feet

January 18 13:30 UTC Released

USPhilly Fed Capex Index

Actual

36.2 Mln

Forecast

Previous

38 Mln

January 18 21:30 UTC 340340m

NZManufacturing PMI

Actual

Forecast

Previous

57.7 0

January 19 07:00 UTC 910910m

DEProducer Prices MM

Actual

Forecast

Previous

0.1 %

January 19 07:00 UTC 910910m

DEProducer Prices YY

Actual

Forecast

Previous

2.5 %

January 19 08:00 UTC 970970m

HUGross Wages YY

Actual

Forecast

Previous

12.8 0

January 19 09:00 UTC 10301030m

EZCurrent Account NSA,EUR

Actual

Forecast

Previous

35.9 Bln EUR

January 19 09:00 UTC 10301030m

EZCurrent Account SA, EUR

Actual

Forecast

Previous

30.8 Bln EUR

January 19 09:30 UTC 10601060m

GBRetail Sales MM

Actual

Forecast

Previous

1.1 %

January 19 09:30 UTC 10601060m

GBFuel MM

Actual

Forecast

Previous

1.2 %

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