News
WSJ | Companies in Europe Are Pulling Back
The financial turmoil rattling governments and banks in Europe is further weighing on the already-sluggish outlook for business in the region.
Washington Times | Obama: U.S. growth key to global recovery
Setting the tone for his trip to the G-20 summit in France next week, President Obama said Friday the most important thing world leaders can do to boost the global economy is “to get the U.S. economy growing faster.”
CNN: Money | Bank of America may soften $5 debit card fee
Bank of America is considering softening its controversial policy of charging some customers for making purchases with their debit cards, according to a person familiar with the bank's plans.
WSJ | OECD Forecasts Weak Growth Until 2013
Advanced economies are looking at two years of weak growth and high unemployment and the outlook is likely to worsen unless Europe fails to rein in its sovereign-debt crisis, the Organization for Economic Development and Cooperation said Monday, as it slashed next year's growth prediction for the U.S. and the euro zone.
CNN: Money | Home prices heading for triple-dip
The besieged housing market has even further to fall before home prices really hit rock bottom.
WSJ | Slow Recovery Feels Like Recession
Americans are two years into a recovery that doesn't feel much different to many of them from life during the most bruising recession in seven decades.
Econ Comments
Politico | Wall Street reform law bogged down
President Barack Obama signed the Dodd-Frank financial reform bill into law 15 months ago, saying he was anxious to put new rules of the road in place for Wall Street.
Washington Times | GHEI: Europe accepts the inevitable
Bailout of big spenders in Greece ignores deeper continental crisis.
WSJ | What Business Wants From Washington
America works best when government creates a stable environment for competition.
Washington Times | EDITORIAL: Obama’s spooky economy
Consumer uncertainty casts a shadow over news of temporary growth.
Blogs
Daily Capitalist | Q3 GDP Is A Head Fake
There are several things to understand about gross domestic product before analyzing the numbers:
Calculated Risk | Unofficial Problem Bank list increases to 985 Institutions
The OCC finally released some information on its actions since September 23rd. This week, also, the FDIC released its actions through September. These releases contributed to many changes to the Unofficial Problem Bank List.
Cato@Institute | Congress Just Can’t Stop Trying to Micromanage the Housing Market, Part 5,672
It seems like death and taxes are not the only constants in life, you can add the seemingly endless attempts of Congress to micromanage the housing market.
Independent Institution | The Inversion of America’s Dominant Ideology
Obama is not the brightest light, yet he understands how to get elected, and in that quest he is pandering to the same personal irresponsibility and desire to prey on one’s fellows that have been the hallmarks American politics from the Progressive Era to the present.
Café Hayek | Drunk With Keynesian Prejudices
The central irony of financial crisis is that while it is caused by too much confidence, borrowing and lending, and spending it is only resolved by increases in confidence, borrowing and lending, and spending.
Econlog | Russ Roberts on Aggregate Demand
When an economy is not healthy, there is less exchange. There is less buying and selling of goods and services and labor. To describe that unhealthiness as less aggregate demand is just to put the problem into different words.
Café Hayek | Aggregate Demand–II
First, like ordinary demand, Aggregate Demand is not a quantity but a relation.
Calculated Risk | Recovery Measures
By request, here is an update to four key indicators used by the NBER for business cycle dating: GDP, Employment, Industrial production and real personal income less transfer payments.
Reports
CRS | Economic Growth and the Unemployment Rate
A persistently high unemployment rate is of concern to Congress for a variety of reasons, including its negative consequences for the economic well-being of individuals and its impact on the federal budget.
