Thursday, October 2, 2014

General Economics

CNN Money | Federal workers lose big by pulling out of low-cost retirement plans
Soldiers. Park rangers. IRS agents. They all have access to one of the cheapest retirement savings plans available.
Market Watch | Factory orders fall 10.1% in August
Orders for goods produced in U.S. factories fell 10.1% in August, the U.S. Commerce Department said Thursday.
Wall Street Journal | U.S. Oil Falls Below $90 a Barrel
U.S. oil prices dropped below $90 a barrel on Thursday morning for the first time in 17 months as oil producers showed no signs of cutting back production despite a global glut.

Econ Comments & Analysis                                                                                            
AEI | Why the ‘most important chart about the American economy you’ll see this year’ has big problems
Bard College economist Pavlina Tcherneva has cooked up a frightening and much-shared income-inequality chart (see above) — “the most important chart about the American economy you’ll see this year,” according to Vox —  that seems to confirm the worst: America has become a winner-take-everything society.
Fortune | Why the housing recovery hasn't jumpstarted the economy
Home prices have rallied, but the economic plight of young workers is holding up a broader recovery.
National Journal | Four Ways to Help Millennials Break into the Tight Housing Market
When one of the mortgage industry's top advocates bought his first house in Colorado in the late 1980s at the age of 27, he thought more about the pride of owning a home than its potential appreciation in value.

Market Watch | IMF chief Lagarde warns of ‘new mediocre’ era
In a speech at Georgetown University in Washington, D.C., Lagarde said that, unless policymakers find new ways to work together to spur growth beyond slashing short-term interest rates to zero, the global economy risks entering an era of lackluster growth.