News
CNN Money | Gas prices rising but glut coming
While violence in Iraq may squeeze drivers' wallets this summer, the U.S. is headed for a gas glut over the next few years as demand slows.
Bloomberg | Emerging Stocks Set for Longest Slump Since November Before Fed
Emerging-market stocks headed for the longest losing streak in seven months as Chinese home prices fell and investors awaited the Federal Reserve’s decision on stimulus. The ruble gained amid Ukraine cease-fire prospects.
WSJ | Upshot of Domestic Oil Boom: Fewer Shocks
The latest spasm of violence in the Middle East has sent crude-oil prices climbing in recent weeks, a familiar action-reaction that frequently has proved to be a drag on economic growth.
Econ Comments & Analysis
Real Clear Markets | On Its 80th, How Can the SEC Renew Its Mission?
The Securities and Exchange Commission turned 80 earlier this month with hardly a celebration. Given its likely near perpetual existence, the 80-year-old SEC is but a child in human years. Nevertheless, eight past decades warrant some thoughts on the agency's future.
Washington Times | Fighting oil uncertainty with shale
As the Iraqi government collapses in the face of Islamic terrorists, public attention will be mostly on human suffering, as it should be. Women, Iraqi Christians and other non-Sunni religious groups are already being targeted, and the pictures coming in are horrific. The BBC and Fox News are giving “disturbing video” warnings to their Iraq stories, and it looks like it will only get worse.
NBER | Long-Term Damage from the Great Recession in OECD Countries
This paper estimates the long-term effects of the global recession of 2008-2009 on output in 23 countries. I measure these effects by comparing current estimates of potential output from the OECD and IMF to the path that potential was following in 2007, according to estimates at the time.
