The Bureau of Economic Analysis announced yesterday that U.S. real GDP grew at a 1.5% annual rate in the third quarter. Although the headline number sounds disappointing, the underlying fundamentals look solid.
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Monthly Archives: October 2015
Great Moments in Presidential Debate Statements
“The Great Wall of China is 13,000 miles long!”
— Donald Trump, 6:25PM Central time, 10/28/2015
September Coincident Indices: Wisconsin Continues to Lag
Thank goodness for Kansas, it makes even Wisconsin look good!
How Are Emerging Markets Responding to Anticipated US Tightening?
Just back from England and a couple of presentations, one at the CCBS on the Trilemma and monetary policy spillovers. Here are three graphs, related to the presentation, which illustrate how policymakers in different emerging market countries are responding to the stresses their economies are undergoing.
My experience with Uber
I’ve recently started using Uber for transportation when traveling and wanted to share some of my impressions.
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“Wisconsin is moving in right direction”
That’s the title of a op-ed written by Governor Walker. I’ll let others assess some of his assertions, but I do wonder about the veracity of the depiction of a buoyant Wisconsin economy.
“Collapse and Revival : Understanding Global Recessions and Recoveries”
That’s the title of a new book by Ayhan Kose and Marco Terrones, just released.
Assessing the Counter-cyclical Macro Policies of the Great Recession
There are at least two ways of proceeding. One could repeat the following mantra endlessly:
[T]he government taxes or borrows the resources used to build infrastructure projects. Government spending crowds resources out from the rest of the economy. More federal spending comes at the expense of a smaller private sector.
These factors explain why the 2009 stimulus failed. So did Japan’s decade-long attempt to stimulate its economy through infrastructure projects. The Japanese wound up with massive debt, superhighways in underpopulated rural districts—and an anemic economy.
Links for 2015-10-18
Quick links to a few items I found interesting.
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Guest Contribution: “Migration, “Free” Trade and China in History”
Today we are fortunate to have a guest contribution by Robert J. Schwendinger, former Executive Director of the Maritime Humanities Center of the San Francisco Bay Region, and author of the newly republished volume Ocean of Bitter Dreams: The Chinese Migration to the United States, 1850-1915 (Long River Press).