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Friday, October 12, 2012

General Economics

News                                                                                                                             
Market Watch | U.S. growth remains modest, Fed says
The U.S. economy continued to grow modestly across much of the nation in the past month, the Federal Reserve reported Wednesday, based on interviews with thousands of business contacts.
WSJ | Sluggish Growth Seen Into Next Year
The unemployment rate registered a dramatic 0.5 percentage-point drop over the past two months, but economists in the latest Wall Street Journal forecasting survey don't expect that pace of decline to continue.
Market Watch | U.S. trade gap widens as exports fall again
The U.S. trade deficit widened 4.1% in August to $44.2 billion as exports declined for the third month in a row, the Commerce Department said Thursday.
WSJ | Weakness Spreads to Emerging Markets
Weakness in major economies is starting to infect formerly fast-growing emerging markets, top global economic officials warned, raising fears of a prolonged world-wide slowdown and renewed finger-pointing over blame.
Market Watch | U.S. wholesale prices rise 1.1% in September
Producer prices climbed sharply in September for the second month as gasoline prices jumped, a government report said Friday.

Blogs                                                                                                                             
John Taylor | Simple Proof That Strong Growth Has Typically Followed Financial Crises
People are looking for answers to why the economy is growing so slowly. Is the answer that economic growth is normally weak following deep recessions and financial crises, as, for example, Kenneth Arrow argued in the presidential election event with me this week at Stanford? Or is poor economic policy the answer, as I argued?
Café Hayek | Some Links
Nick Gillespie sat down recently, at Reason’s Washington office, to chat for about six minutes with Russ.  It’s a great conversation.