News
CNN: Money | Oil demand could be hurt by sluggish economy
The International Energy Agency, in the wake of the recent plunge in oil prices, warned Wednesday that continued global economic weakness through next year could slow demand for oil.
RCM | Chance of U.S. recession rises to 1-in-4
The United States faces one-in-four odds of slipping back into recession, and a weaker economic outlook is raising the likelihood the Federal Reserve will soon do more to boost growth, a Reuters poll shows.
Fox News | Banks shares recover, but remain down
Investors remain worried about regulatory probes, investor lawsuits and additional problems that could emerge as big banks continue to work through toxic mortgages and other remnants of the financial crisis.
National Journal | Global Markets Recover Some Ground Following Fed Announcement
Investors will be keeping an eye on Wednesday morning’s economic indicators, which include job openings and labor turnover and wholesale trade data for June.
Econ Comments
Washington Times | MILLER: Red-tape timeout
President Obama stubbornly clings to the idea that adding government regulations will help the economy. Even the dire economic conditions won’t get in the way of his ideology.
WSJ | A New Strategy for Economic Growth
Growth is not just about economics. Growth unleashes human potential.
Daily Caller | Was Obama’s Strategic Petroleum Reserve release the best way to lower gasoline prices?
On June 23, the Obama administration, in conjunction with other governments, announced a plan to release a total of 60 million barrels of oil from strategic oil reserves in the U.S. and other countries, at a rate of 2 million barrels per day for 30 days.
WSJ | China's Economy Is Headed for a Slowdown
Beijing's export-oriented strategy can't continue forever.
Blogs
Heritage Foundation | How Free Trade Helps Employment and the Economy
Since 1989, the United States has enacted numerous free trade agreements with countries around the world. These agreements have increased trade, improved international relations, and strengthened the U.S. economy. But don’t let the facts stop a good political fight.
Econlog | How Capital Regulation Creates Systemic Risk
Were each bank to do the analysis itself, their errors would be more r andom and less likely. Unfortunately, with a comprehensive system of regulations, identical errors pervade all banks.
Calculated Risk | MBA: Mortgage Refinance Applications Increase Significantly
The Refinance Index increased 30.4 percent from the previous week. The seasonally adjusted Purchase Index decreased 0.9 percent from one week earlier.
