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Friday, May 17, 2013

General Economics

News                                                                                                                             
National Journal | Where Are We on Too Big to Fail?
Even in a week where headline-grabbing scandals seem to be dominating all of Washington's time, concern over "too big to fail" banks continues to simmer.
CNN Money | The U.S. looks like Japan: Investors rejoice
The U.S. economy is still not close to being fully recovered from the Great Recession, but investors could give a mouse's posterior about this sad fact.
Bloomberg | Abe Vows to Boost Japan’s Investment in Growth Strategy Outline
Japanese Prime Minister Shinzo Abe vowed to increase private investment and infrastructure exports as part of his strategy to overcome deflation and build on an economic expansion fueled by rising consumer spending.
WSJ | Low Inflation Poses a Growth Test
The sluggishness of the U.S. economy is keeping a lid on inflation, leaving companies unable to increase prices and raising doubts about the durability of the recovery.
Bloomberg | From Brooklyn to California, Housing Bubble Threat Grows
Just a year since the U.S. housing market hit bottom after the biggest plunge in eight decades, signs of excess are re-emerging.
CNBC | Slow Growing: Bad News for Jobs, Housing; CPI Tame
Thursday's economic reports featured mostly bad news, with housing starts plunging and jobless claims rising while inflation remained under control.

Econ Comments & Analysis                                                                                            
Forbes | Prosperity: The Three Questions That Really Matter
Tune in to financial TV, read financial news, listen to financial radio and most of what you watch, read and hear is noise. Cable TV increased the number of channels from several to hundreds, and new media increased it from hundreds to tens of millions. 
CRS | Japan's Possible Entry Into the Trans-Pacific Partnership and Its Implications
On March 15, 2013, Prime Minister Abe announced that Japan would formally seek to participate in the negotiations to establish the Trans-Pacific Partnership (TPP). Japan's membership in the TPP with the United States would constitute a de facto U.S.-Japan FTA.
AEI | Unleash the private sector
In "Can America Be Fixed?" (January/February 2013), Fareed Zakaria argues that American democracy has grown increasingly dysfunctional since the 1970s and that "a series of lucky breaks" -- namely, the end of inflation, new information technologies, globalization, and excessive borrowing, which has allowed Americans to consume more than they have produced -- have covered up structural problems in the U.S. economy.

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