News
Market Watch | U.S. manufacturers contract in May, ISM says
U.S. manufacturers contracted in May for the first time since last fall, according to a closely followed index.
Bloomberg | European Manufacturing Gauges Climb as Outlook Improves
Euro-area manufacturing output contracted less than initially estimated in May and a U.K. factory index surged, underscoring Mario Draghi’s view that the European economy is stabilizing.
FOX Business | Auto Sales Continue to Hint at Sector Rebound
Major automakers in the U.S. kept up their sales momentum last month on demand for pickup trucks and sport utility vehicles, continuing to hint at a full-scale industry rebound.
CNN Money | Indicators present muddled picture of China's factories
Economic reports seeking to gauge activity in China's factories during the month of May have presented investors with a muddled picture, with official indicators from the state outpacing those of private forecasters.
Market Watch | Construction spending rises 0.4% in April
Construction spending rose 0.4% in April to a seasonally adjusted annual rate of $860.8 billion, the U.S. Department of Commerce said Monday.
Econ Comments & Analysis
Fortune | What the markets are trying to tell us
Those trading in many market segments would have noticed a subtle change last week: Volatility is on the rise, liquidity is getting tougher in certain places, correlations are morphing, and anxiety has increased. Moreover, rather than impact all market segments simultaneously, such dislocations seem to be cascading gradually from the least liquid to the more liquid ones.
Forbes | Economically, Could Obama Be America's Worst President?
The recession ended four years ago, according to the National Bureau of Economic Research. So Obamanomics has had plenty of time to produce a solid recovery. In fact, since the American historical record is the worse the recession, the stronger the recovery, Obama should have had an easy time producing a booming recovery by now.
AEI | Welcome to the recovery: Year five
Happy fourth anniversary, America. June 2009 marked the official end of the Great Recession - as reckoned by the National Bureau of Economic Research - and the beginning of the current recovery. So, how are we doing?
Heritage Foundation | Social Security Trust Fund Reports Massive Deficits, Benefit Cuts by 2033
Social Security ran a $55 billion deficit in 2012, closing out three years of consecutive cash-flow deficits as the program’s unfunded obligations continue to grow
Blogs
Market Watch | Global economy balanced on a pinhead
Japan and the United States are using asset bubbles to revive their economies. They are struggling to manage the speed of bubble expansion or contraction. This dancing on a pinhead brings big uncertainty to the global economy. When they fail, a global recession may follow.
CATO | Five Reasons to Repeal Farm Subsidies
Cato held a packed forum on Capitol Hill yesterday examining major farm legislation that is moving through Congress. Our panelists included Andrew Moylan of R Street, Josh Sewell of Taxpayers for Common Sense, and Scott Faber of the Environmental Working Group.
