News
Bloomberg | Demand for U.S. Capital Goods Increases Less Than Forecast
Orders for U.S. equipment such as computers and machinery climbed less than forecast in August, indicating a strengthening in business spending will take time to develop.
CNN Money | China rebound? Not so fast
Official statistics suggest that growth is stabilizing in China and manufacturing is on the upswing in the world's second-biggest economy.
Bloomberg | Americans in Poll Doubt Economy Rebound in Defiance of Forecasts
Americans are losing faith in the nation’s economic recovery even as forecasters expect growth to accelerate, according to a Bloomberg National Poll.
CNN Money | How income inequality hurts America
It's not just income inequality. It's lifespan inequality. And education inequality. And declining economic growth.
Bloomberg | Sales of New U.S. Homes Rose in August Following July Plunge
Purchases of new U.S. homes rose in August, capping the weakest two months this year, showing the fallout from mortgage rates at a two-year high is cooling the real-estate rebound.
Econ Comments & Analysis
Bloomberg | Lew Says Investors May Be Too Hopeful on Debt-Limit Debate
U.S. Treasury Secretary Jacob J. Lew said investor confidence that a deal can be struck to raise the debt limit is “a bit greater than it should be” and the government probably will have less than $50 billion in cash by mid-October.
Washington Times | The spreading war on seniors
In his 1994 book “Beyond Peace,” Richard Nixon predicted that our nation’s biggest challenge would not be war with a foreign enemy, but rather an internal “war” over how to allocate money within our borders. With our national debt about to exceed $17 trillion and another budget fight looming, his prediction is being realized.
Fortune | 3 reasons to save the 30-year fixed mortgage
As Washington talks about the future of mortgage finance giants Freddie Mac and Fannie Mae, some are asking if Americans should continue having easy access to a popular mortgage -- the 30-year, fixed-rate home loan.
Blogs
WSJ | Want to Know Where Home Prices Are Headed? Read the Papers
If policymakers had wanted to see signs of the housing bubble at the time it was inflating, perhaps they should have read local newspapers.
Economist | What we talk about when we talk about bubbles
Since March of last year the Case-Shiller 20-city home-price index has risen by 21%. Some of the markets within that index have risen even more; the Los Angeles index has doubled from its post-crisis bottom. Rising prices have many financial-market observers worried that the bubble is reinflating, helped along by low interest rates and a pipeline of mortgage credit owing to the Federal Reserve's purchases of mortgage-backed securities.
