News
Bloomberg | Economic Expansion in U.S. Has Been Stronger, More Irregular
The recovery from the worst U.S. recession in the post-World War II era has been stronger than previously estimated. It’s also been more uneven.
Market Watch | Chicago PMI edges up in July, reports say
Chicago PMI, or the Chicago business barometer as it's formally called, accelerated a bit in July, according to published reports Wednesday.
Market Watch | The new GDP methodology: What you need to know
The Commerce Department has made changes to how it calculates gross domestic product, designed to have the data better reflect the so-called knowledge economy. The U.S. government adjusted data all the way back to 1929, and other countries have or are about to make similar changes to their data.
Bloomberg | American Dream Slipping as Homeownership at 18-Year Low
The U.S. homeownership rate, which soared to a record high 69.2 percent in 2004, is back where it was two decades ago, before the housing bubble inflated, busted and ripped more than 7 million Americans from their homes.
Econ Comments & Analysis
Real Clear Markets | Housing Finance Reform: Fool Me Once Shame On You, Fool Me Twice Shame On Me
In 1992 Congress enacted a bill to regulate Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. Called the "Federal Housing Enterprises Financial Safety and Soundness Act" (the Safety and Soundness Act), its ostensible goal was to protect taxpayers.
Fortune | U.S. pay raises: Not so hot, but outpacing inflation
Maybe your latest raise hasn't got you breaking out the bubbly, but cheer up. It probably still beats what managers are getting in some other countries.
Blogs
WSJ | Five Takeaways From GDP Report
Appearances can be deceiving. The 1.7% pace of growth in the second quarter is markedly better than the roughly 1% rate economists expected, and well ahead of the most pessimistic estimates.
Library of Economics | The Economics of Self-Imposed Price Ceilings
About once every two weeks, I drive to Costco for my favorite fast food per dollar: the famous Costco hotdog. It's priced, along with a soda with free refills, at $1.50 plus tax. In Sand City, California, my local Costco, the tax-inclusive price is $1.62.
WSJ | Highlights From GDP’s 83 Years of Revisions
Comprehensive revisions to the country’s economic growth measures were released Wednesday by the Commerce Department’s Bureau of Economic Analysis, an exercise the agency undertakes every five years.
