News
Fiscal Times | Your Guide to the Looming Battle over Student Loans
Congress has one month to reach an agreement before interest rates on new federally subsidized student loans double to 6.8 percent. For once, both Democrats and Republicans see the increase as a problem that needs to be solved. As expected, though, they have very different solutions, each with their own benefits and shortcomings.
Econ Comments & Analysis
Real Clear Markets | Don't Let Them Fool You, We Still Have Debt Problems
Your uncle, Sam, has ignored his chronic health condition - let's say he's diabetic - for a long time. Then he suddenly has a heart attack, followed by a long, slow painful recovery. As he is recovering, he is feeling good about his health - after all, he got though a crisis. But he is not actually healthier than he was before. He's still diabetic, and now he has to deal with the cautions of being a heart attack victim as well.
AEI | On the road to a Japanese debt crisis
Barely six months after its launch, something seems have gone awry with Abenomics, Japan's bold new economic policy experiment to kick start the ailing Japanese economy. For, despite its early successes, rather than bringing down long-term government borrowing rates as intended, Abenomics seems to be increasing those borrowing rates.
Blogs
WSJ | Government Potholes on Road to Recovery
Although Thursday’s revisions to first-quarter U.S. gross domestic product lowered the top-line annualized growth rate, the details offer a better profile for future growth. That’s because the slightly slower pace — now 2.4% from 2.5% reported earlier — largely reflects less inventory accumulation over the winter. According to the Commerce Department‘s new figures, real inventories grew by $38.3 billion last quarter, less than the $50.3 billion reported a month ago.
