News
CNN: Money | Drill baby drill won't lower gas prices
Drill baby drill won't lower gas prices.
Bloomberg | Sales of New Homes in U.S. Rose 11.1% in March to 300,000 Rate
Purchases of new houses in the U.S. rose in March from a record low as the weakest industry in the economy strained to recover.
Market Watch | ‘Limited’ first-quarter U.S. growth to be revealed
The nation’s economy in the first quarter didn’t grow nearly as quickly as it did in the fourth quarter, and on Thursday the government will release the grim data.
Market Watch | IMF bombshell: Age of America nears end
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
Econ Comments
Cato Institute | The Green Energy Economy Reconsidered
Few seem to realize that we abandoned "green" energy centuries ago for five very good reasons.
AEI | Even US Can't Afford Generous Defined Benefits Systems
We need to adjust defined-benefit public policies to shift some short-term risk to individuals while reducing toward zero the huge systemic risk that exists now.
Blogs
Calculated Risk | Schedule for Week of April 24th
The key economic report for the coming week is the Q1 advance GDP report to be released on Thursday. There are also two important housing reports to be released early in the week:
Calculated Risk | Unofficial Problem Bank list at 976 Institutions
Here is the unofficial problem bank list for Apr 22, 2011.
Reports
RCM: Wells Fargo | Weekly Economic & Financial Commentary
Better-than-expected first quarter earnings helped push the Dow Jones Industrial Average to its highest level in over three years. The upbeat earnings announcements overshadowed somewhat lackluster housing market data released during the week.
