News
Politico | A different royalty plan for oil
For the second time in three years oil prices have stayed near or over $100 per barrel for months on end. This pain at the pump is not just hurting cash strapped motorists who can ill afford it. It is also incubation an inflationary trend that threatens fragile job creation and our economic recovery.
WSJ | Housing Imperils Recovery
Home Prices Sink to 2002 Levels; Consumer Confidence Falls as Pessimism Grows.
Market Watch | ISM manufacturing gauge tumbles in May
Growth in the U.S. manufacturing sector receded in May, owing to fewer orders and less production, according to a closely followed index.
WSJ | Economic Outlook Darkens
Markets Stumble as Factories, Hiring Slow Down; Biggest Drop in Stocks in a Year.
Econ Comments
WSJ | Future Oil Supplies Can Lower Prices Today
We benefit now from more exploration, even if it takes years for new product to reach the market.
Washington Times | RAFUSE: Unilateral energy disarmament
Taking ‘fracking’ off the table would give foreign energy suppliers leverage.
WSJ | Obama's Cloud Economy
The economy is flying without instruments because of the White House's policy choices.
Daily Caller | Struggling economy is mre eveidence that government stimuli never work.
With a flamboyant downgrade of the outlook for economic growth, jobs and profits, Wednesday's 280-point Dow plunge to launch the so-called June stock swoon is a warning shot across the bow.
WSJ | Secretary of Subsidy
Obama's Commerce nominee knows all about corporate welfare.
RCM | U.S. Already In a Growth Recession
We know the president is busy, but maybe it's time he returned to thinking about our foundering, job-challenged economy.
WSJ | The Housing Illusion
Washington policies have only prolonged the pain.
Blogs
The Economist | How real is China's growth?
I'm now back from China, and I'm going to resist the temptation to draw grand, sweeping conclusions based on two weeks jaunting around the country. I will tell you some of my impressions, however. And I'll start with the primary question on my mind as I left to visit China: how real is its economic growth?
Reports
RCM: Wells Fargo | ISM: Slower Pace of Expansion, Yet Prices Remain an Issue
Moderation of the elevated level of the ISM index suggests growth in the factory sector is slowing, which is consistent with our GDP forecast of 1.8% in Q2. However, the cyclical upswing in prices remains a concern.
