Friday, October 17, 2014

General Economics

Wall Street Journal | Fed’s Yellen Says Extreme Inequality Could Be Un-American
Federal Reserve Chairwoman Janet Yellen delivered a strong indictment of rising inequality of wealth and income in the U.S., saying it was creating a vicious circle that was impeding the economic mobility that used to be at the heart of American economic values.
CNBC | Goldman Sachs downgrades outlook on US economy
Goldman Sach's economists on Wednesday downgraded their outlook on the US economy in the second half of 2014 following disappointing data on domestic retail sales in September and business inventory in August
Bloomberg | Consumer Sentiment in U.S. Unexpectedly Rises to Seven-Year High
Consumer confidence in the U.S. unexpectedly rose in October to the highest level in seven years, showing a brightening in Americans’ moods as gas prices drop and the labor market gains traction.

Econ Comments & Analysis                                                                                            
Forbes | Weak Global Growth Threatens U.S. Recovery
The global economic forecast is dimming, according to an International Monetary Fund survey released last week. This worldwide drag threatens to derail America’s recovery unless Washington prioritizes growth.