Friday, August 1, 2014


Bloomberg | Consumer Spending in U.S. Rose in June by Most in Three Months
Consumer spending in the U.S. rose in June by the most in three months, ending the quarter on a strong note and signaling that continued job growth will bolster the world’s largest economy.
WSJ | Argentine Debt Feud Finds Much Fault, Few Fixes
Argentina's default on $29 billion in debt brought a stock-market selloff and finger pointing by the Argentine government and creditors Thursday. But investors held out hope that a resolution to the crisis could be reached.

Econ Comments & Analysis                                                                                            
Cato Institute | China’s Risky Play in the U.S. Debt Market
China has picked up the pace of its purchase of Treasuries, but both it and the United States would be better off if it relied less on the accompanying investment and export-led model.