News
FOX News | Mr. Obama, you can’t blame our economic troubles on weather
The economy took a bad hit during the first quarter this year. It shrunk at an annual rate of 2.96 percent. Since the beginning of 1947, there are only 16 of the 268 quarters experienced worse growth.
Market Watch | Small-business optimism index drops in June: NFIB
Small-business optimism dropped in June on a big decline in those who expect the economy to improve, according to a survey released Tuesday.
Econ Comments & Analysis
Bloomberg | A Correction Is Coming
Welcome back from the long holiday weekend. Before we left for our nation’s birthday celebration, markets had a little party of their own: The Dow had broken 17,000, the Standard & Poor's 500 Index had touched a record high and was spitting distance from crossing 2,000. Even the small-cap indexes such as the Russell 2000 and the S&P 600 have notched new highs. And the Nasdaq, up 255 percent since the March 2009 low, is less than 15 percent away from the record set in the dot-com-era market of 2000.
WSJ | Free People, Free Markets
Surveying a century and a quarter of journalism is a bracing exercise—at intervals depressing and inspiring. Depressing because bad ideas never die. But inspiring because a free society can rescue itself from periods of decline and despond not unlike the current moment. This is one lesson of 125 years of Journal editorials that promote free people and free markets.
Washington Times | The soft bigotry of low economic expectations
Many today are too young to know, or have forgotten, what a genuine robust recovery looks like. To paraphrase an old axiom, if you can’t learn from what was good about history, you’re doomed not to repeat it. But year after disappointing “year of Obama” and summer after “summer of recovery,” they insist on following the same failed liberal path.
CNN Money | Corporate profits: Can they keep going and going?
With stocks trading near all-time highs, that's the big question on investors' minds as second quarter earnings season gets underway Tuesday.
Blogs
WSJ | Home-Price Drop Held Back Start-Up Hiring After the Recession
The steep drop in house prices during the 2007-2009 recession likely held back hiring by start-up companies during the recovery, which could help explain why overall U.S. job growth has been so weak, according to two San Francisco Fed economists.
