Monday, November 24, 2014

General Economics

Wall Street Journal | What Big Economies Got Right, or Wrong, After Crisis
The divergent policy paths taken by the world’s advanced economies provide lessons for global leaders navigating difficult post-crisis environments.
Market Watch | U.S., global business confidence slumps
U.S. and global business confidence slumped in the third quarter, according to a survey of business executives released Sunday.
Market Watch | U.S. economy on course for steady growth
The economy has zigged and zagged repeatedly since exiting recession in 2009, but now it finally appears to be charting a steady course forward.
Market Watch | Economic growth moderates in October, Chicago Fed national activity index shows
Economic growth moderated in October, according to the Chicago Fed national activity index released Monday.


Econ Comments & Analysis                                                                                            
Market Watch | The Fed has boxed U.S. into a tough easy-money corner
Despite the Federal Reserve ending its purchases of Treasury bonds, U.S. monetary policy remains accommodative — and will be for a long time to come.


Market Watch | North Dakota, Utah, Texas lead U.S. job growth
The fastest-growing U.S. job markets are in North Dakota, Utah and Texas, with each of these states recently posting annual gains reaching above 3%, according to government data released Friday.

Econ Comments & Analysis                                                                                            
Wall Street Journal | The President Is Right on Immigration
President Obama announced Thursday a temporary reprieve from deportation, and offered temporary permission to work, for several million undocumented longtime residents with close family members in the U.S. The executive order, he said, was not an amnesty and federal authorities would focus on deporting “felons, not families. Criminals, not children. Gang members, not a mom who’s working hard to provide for her kids.”
Forbes | Manufacturing Jobs Just Aren't Good Middle Class Jobs Any More
I have to admit that as an outsider looking in I’ve never really quite grasped this American near mythologisation of manufacturing jobs.
AEI | An amazing chart of an amazing job-creating state; we owe a debt of gratitude to ‘Saudi Texas’ and the shale boom
The chart above shows a most amazing economic phenomenon: Since December 2007 when the Great Recession started, Texas civilian employment has increased by 12.4% and by more than 1.36 million jobs, from just over 11 million jobs in December 2007 to 12.37 million in October of this year (see blue line in chart).