News
CNN Money | World Bank to China: Free up your economy or bust
The World Bank and a Chinese think tank will have a stern warning in store for China's government on Monday: Transition to a freer commercial system, or else face an impending economic crisis.
Market Watch | NABE: U.S. economy to grow at 2.4% rate in 2012
The group's outlook panel of 45 forecasters projects growth in U.S. gross domestic product at 2.4%, skewed slightly toward the second half.
CNN Money | A new recession seems inevitable
While most economists have stopped worrying that the U.S. will fall into a double-dip recession, one influential economist maintains his position that the nation won't be able to avoid a new downturn.
Econ Comments & Analysis
Market Watch | Fed's Bullard: $4 gas would not derail economy
Four-dollars-a-gallon gasoline would not derail the economy, St. Louis Federal Reserve Bank President James Bullard said Friday. In remarks to reporters following a speech,
WSJ | U.S. Manufacturing and the Skills Crisis
Following 12 straight years of declines, U.S. manufacturers added 109,000 workers to their payrolls in 2010 and another 237,000 in 2011. And in January of this year, the number of manufacturing jobs increased by 50,000.
The American | Government Is a Lousy Venture Capitalist
While government has a legitimate and valuable role in basic science, technology, engineering, and mathematics research, it is a lousy venture capitalist and is largely incapable of picking winning technologies in the market.
Washington Times | Burning cash with gas
Gather around, boys and girls, for another quick lesson in real-world Nugenomics 101. Not “if” but “when”gas prices soar to four bucks a gallon this summer, the impact to our economy will be thunderous.
Politico | Obama policies threaten America's energy boom
During our historically slow economic recovery, the energy industry has been a bright spot amid otherwise gloomy economic news. Domestic energy production is increasing, and jobs are beginning to spring up around new energy construction.
CRS | U.S. Implementation of Basel II.5, Basel III, and Harmonization with the Dodd-Frank Act
The Basel III Capital Accord, which was produced by the Basel Committee on Banking Supervision at the Bank for International Settlements, is the latest in a series of evolving agreements among central banks and bank supervisory authorities from around the world to establish minimum capital requirements for financial institutions. Capital serves as a cushion against sudden financial shocks (such as an unusually high occurrence of loan defaults), which can otherwise lead to insolvency.
Blogs
The American | Why Obama can be blamed for 50 percent of the weak recovery
The current U.S. economic recovery is arguably the weakest since the Great Depression. Even though the Great Recession ended in the summer of 2009, unemployment is still over 8 percent. In fact, the past three years have seen the longest stretch of high unemployment in this country since the Great Depression.
Heritage Foundation | Winter Gas Prices Reach All-Time High
The cost of gasoline today is at its highest point ever during winter, an ominous sign of what might be on the horizon in the months to come.
Calculated Risk | Schedule for Week of February 26th
The key reports this week are the January Personal Income and Outlays report, and the ISM Manufacturing survey - both will be released on Thursday. Other key reports include the Case-Shiller house price index on Tuesday, vehicle sales on Thursday, and the second estimate of Q4 GDP on Wednesday.
National Review | Government Bonds Aren’t Always the Safest
Yesterday morning, Senator Jeff Sessions’s office circulated a chart showing that government debt per capita in the U.S. is greater than it is in Greece and other European welfare states such as Spain and Italy.
Calculated Risk | Unofficial Problem Bank list increases to 960 Institutions
There have been 425 bank failures since the beginning of 2008, and so far, closings this year are running at about half the rate of 2010.
Marginal Revolution | The balance sheet recession and The Great Stagnation
Many people point out that we are in a balance sheet recession. I agree with this view but wish to push it one step deeper.
