Thursday, January 8, 2015

General Economics

Market Watch | Obama previews economic proposals before State of the Union
President Barack Obama launched a three-day roadshow Wednesday, heralding his economic policies while offering a preview of some of the proposals he will detail in his State of the Union address on Jan. 20.
Market Watch | Jobless claims stay below 300,000 in sign of healthier labor market
The number of people who applied for U.S. unemployment benefits at the end of the year fell slightly and remained below the key 300,000 mark for the 16th time in 17 weeks, offering more proof the labor market is still on an upswing.
Wall Street Journal | U.S. Trade Gap Narrows as Lower Oil Costs Offset Weakness Overseas
The U.S. economy appears to be maintaining its strong momentum in part because falling oil prices are offsetting weaker demand overseas.
CNN Money | Europe sinks back into deflation
Official data shows consumer prices across the eurozone fell by 0.2% in December, marking the first time prices have fallen in the region since the Great Recession.

Econ Comments & Analysis                                                                                            
National Journal | Where the Economy Still Stinks
The diner smelled like bacon and wet socks. I sat at one table, scrolling through Twitter as news broke from Washington that the economy is on an upswing. At four other tables sat five regular customers sharing a single conversation.