News
WSJ | Trade Slows Around World
Trade rebounded after its collapse in the recession. Now several indicators of export activity are flashing red as Europe's recession, anemic U.S. growth and the slowing Chinese economy damp exports world-wide.
WSJ | Greek Economy to Shrink More Than Expected Next Year
Greece's economy will contract more than projected in 2013, its sixth year of recession, under the weight of the next round of austerity measures demanded by international creditors, according to a draft budget the government will submit to parliament Monday, two senior officials said.
WSJ | Higher Gas Prices Drive Up Spending
Personal expenditures climbed 0.5% in August from a month earlier—the biggest increase in six months, the Commerce Department said Friday. But below the headline figure were weak details that cast doubt on the sustainability of consumer spending in the next months.
Econ Comments & Analysis
WSJ | Washington's New Twist on Human Sacrifice
In the 1990s, just before the handover of Hong Kong to China, there was a going-away lunch for the Canadian consul general. When I entered the venue, I thought it must be the wrong place. The hundreds of ethnic Chinese gathered for the lunch in the colony's largest hotel ballroom didn't look like "Canadians." But before I could complete my turn back out the ballroom door, I realized this was indeed a roomful of Canadians.
Blogs
Calculated Risk | Schedule for Week of Sept 30th
The key report for this week will be the September employment report to be released on Friday, Oct 5th. Other key reports include the ISM manufacturing index on Monday, vehicle sales also on Tuesday, and the ISM non-manufacturing (service) index on Wednesday.
Daily Beast | America Really Is Exceptional
A couple of months ago, I gave a talk about entrepreneurship and innovation in America. At the end of the talk, a very smart fellow journalist asked a very good question. Germany, he said, doesn't do high-growth innovation industries. But they have lots of vacation and a good quality of life. Why would we say that they should emulate us, instead of the other way around?
Calculated Risk | Unofficial Problem Bank List and Quarterly Transition Matrix
FDIC released its enforcement action activity through August 2012 and closed a bank this week leading to many changes in the Unofficial Problem Bank List.
Greg Mankiw | The Price of Fiscal Uncertainty
I have been reading Bob Woodward's new book, The Price of Politics. It is a detailed recounting of the back-and-forth negotiations among President Obama's White House, the Republican leaders in the House of Representatives, and the major players in the Senate regarding the debt ceiling and long-term fiscal outlook.
Café Hayek | Keynes, Savings, and the Jews
In this week’s EconTalk (to be released tomorrow morning), I talk with Robert Skidelsky about his new book, co-authored with his son Edward, How Much is Enough: Money and the Good Life.
