News
FOX Business | Midwest Manufacturing Sector Heats up in September
The pace of business activity in the U.S. Midwest increased in September, though input prices dipped from a nine-month high, a report showed on Monday.
Reuters | U.S. data gives conflicting signals on economy's health
Contracts to buy previously owned U.S. homes fell for the third straight month in August but fewer Americans filed new claims for jobless benefits last week, giving conflicting signals on the health of the economy.
Econ Comments & Analysis
Real Clear Markets | Are the Producers Losing to the Predators?
We are, I fear, slowly moving from "the affluent society" toward a "spoils society." In 1958, Harvard economist John Kenneth Galbraith published his bestseller, "The Affluent Society," which profoundly influenced national thinking for decades. To the Great Depression's survivors, post-World War II prosperity dazzled. Suburbia offered a quiet alternative to crowded and noisy cities. New technologies impressed - television, frozen foods, automatic washers and dryers. Never, it seemed, had so much been enjoyed by so many.
NY Times | Housing Market Is Heating Up, if Not Yet Bubbling
Home prices have been rising rapidly, so much so that there is talk that we are entering another national bubble.
Bloomberg | IMF Says Domestic Investors Can Curb Capital Flow Volatility
Emerging markets can better resist capital flow volatility by taking measures to encourage their residents to invest abroad in good times and repatriate the funds when needed, according to a study by the International Monetary Fund.
Washington Post | Impact of a government shutdown
A government shutdown next week would interrupt some services and potentially jeopardize the paychecks of more than 800,000 federal workers. The Office of Management and Budget has asked agencies to begin making contingency plans.
Blogs
Market Watch | Damaging ripple effects seen if government shuts down
The direct economic hit from a government shutdown, which looks increasingly likely, may be relatively small but could have damaging ripple effects, analysts said Monday.
WSJ | Secondary Sources: QE3, Housing Bubble?, Fat Taxes
A roundup of economic news from around the Web.
CATO | Maybe the Real Lesson Is That It’s Best to Shut Down the Federal Government Before a New Fiscal Year Begins
The politicians, bureaucrats, lobbyists and interest groups in Washington are hyperventilating that the federal gravy train may get sidetracked for a day or two by a shutdown fight between Republicans and Democrats.
