Tuesday, November 25, 2014

General Economics

Wall Street Journal | U.S. Corporate Profits Up Year-Over-Year for 12th Straight Quarter
U.S. corporations saw profits rise for three straight quarters and are up 3.8% from a year earlier, the Commerce Department said Tuesday.
Market Watch | Annual home-price growth slowest in two years
U.S. home prices were just about unchanged in September, as annual growth cooled to the slowest year-over-year pace in two years, moving the market closer to sustainable gains, according to data released Tuesday.
Market Watch | U.S. third-quarter growth raised to 3.9%
The economy in the second and third quarters posted its best back-to-back growth in 11 years, offering fresh evidence that the U.S. entered the final three months of the year with a good head of momentum.

Econ Comments & Analysis                                                                                            
Wall Street Journal | The Unsettling Mystery of Productivity
A cottage industry on Wall Street tries to forecast the Federal Reserve’s policy decisions. The Fed, in turn, bases its policy on how it thinks the economy will perform. The cottage industry, of course, knows that; so it is constantly engaged in forecasting the economy.
Washington Times | The dreaded consequences of Obamanomics
What has been the price tag for the audacious Obamanomics experiment?

Wall Street Journal | U.S. GDP Registers Best Consecutive Quarters of Growth Since ’03
U.S. gross domestic product expanded at an average 4.25% pace over the second and third quarters this year, the best two consecutive quarters since 2003′s third and fourth quarters came in at 5.85%.