News
CNN Money | Boost for trade as global deal struck
The first major global trade deal in nearly 20 years was struck Saturday as 160 countries agreed on measures that could boost the world economy by as much as $1 trillion.
Bloomberg | Fed Stimulus Blunted as Software Replaces Hard Assets: Economy
“Monetary policy is driven by the feeling that if you lower interest rates businesses will invest,” said Joe Kennedy, a senior fellow at the Information Technology and Innovation Foundation, a Washington research group. “There is an assumption that it will be on big, long-lasting projects.”
CNN Money | The economy: What's ahead in 2014
After five frustrating years, the economy is ready to bust out. Stocks already had a banner run in anticipation of the rebound, housing is scorching, and jobs won't be far behind.
WSJ | Shrinking Share of Overseas Cash Headed to U.S.
Despite its cheap energy and other advantages, America is still losing ground to emerging markets in the battle for foreign investment.
CNN Money | American Airlines, US Airways to form largest air carrier Monday
The merger of American Airlines and US Airways is expected to form an air travel giant larger than the current industry leader, United Continental Holdings
CNBC | Washington is standing in the way of US recovery
After the latest jobs report, U.S. markets soared. The Dow Jones climbed to 16,020, while Nasdaq roared to over 4,060 and even S&P 500 exceeded 1,800.
Econ Comments & Analysis
Real Clear Markets | The Facts Are In, More Government Means Less Growth
Governments around the world have tried a myriad of policies in mostly fruitless attempts to help their economies recover from the recent severe recession. These policies, both tried-and-true and never-seen-before, have sparked a spirited debate among economists, central bankers, and policymakers about the role of government in economic policy.
Washington Post | America’s clash of generations is inevitable
We are locked in a generational war, which will get worse before it gets better. Indeed, it may not get better for a long time. No one wants to admit this, because it’s ugly and unwelcome. Parents are supposed to care for their children, and children are supposed to care for their aging parents. For families, these collective obligations may work. But what makes sense for families doesn’t always succeed for society as a whole. The clash of generations is intensifying.
WSJ | Barney Frank vs. Dodd-Frank
After JP Morgan CEO Jamie Dimon warned that regulation under the Dodd-Frank law was going too far, Washington retaliated with investigations leading to a record $13 billion settlement. But how will Team Obama react now that one of the law's principal authors is questioning the regulatory expansion?
Fortune | Will the Volcker Rule crush Goldman Sachs?
Goldman has traditionally made more of its money trading than other Wall Street firms, putting the bank at particular risk depending on how the final version of the Volcker Rule is structured.
Real Clear Markets | How the Housing Collapse Predicts the Future of Insurance
In economics incentives are everything. Take the housing collapse for example. When home values plummeted a massive number of owners, who were in over their heads with home loans they could not afford, simply walked away from their obligations and stopped paying their mortgages.
Blogs
WSJ | 5 Things to Watch on the Economic Calendar
Even though media coverage on the economy may focus on how the holiday shopping season is unfolding, economy-watchers will still want to keep an eye on these five things in the reports scheduled for the week ending December 6.
Café Hayek | The Economic Way of Thinking
What is economic theory? Is it a body of proven truths? Or a set of hypotheses whose only merit is that they’ve so far been successfully tested against the facts? Most economists openly embrace the latter position, but secretly believe the former. The smoking gun: The typical economist has well-defined views on a wide range of issues, even though he is only familiar with a handful of empirical literatures. If economists really believed their official methodological position, they’d be agnostic on the vast majority of topics. They aren’t.
