After the shocker of -2.9% growth (SAAR) in 2014Q1, all eyes have been on Q2. Macroeconomic Advisers released its estimate for May — a 0.2% increase on April (2% on an annualized basis).
An Exchange Regarding Asset Price and Inflation Implications of Fiscal and Monetary Policies in the Wake of 2008
This is not the most erudite debate, but it pretty much sums up matters.
Links for 2014-07-13
Quick links to a few items I found interesting.
Russia Stalls
From Reuters today:
Russia’s economy is stagnating as data showed on Wednesday that capital worth $75 billion has left the country so far this year following sanctions on Moscow over its involvement in Ukraine.
Airbrushing History: ACA Edition
Reader Rick Stryker writes, after asserting Paul Krugman has misrepresented history:
…apologists fall back on the claim that Obamacare is a conservative idea. … That’s nonsense.
What to Do about the “Crazy Euro”?
From today’s FT:
Current economic conditions
I am a little slow responding to the stunning revision to the first-quarter GDP estimates that came out two weeks ago, but here are my thoughts about the new estimates.
On the Characteristics of Those Covered under Some Government Programs
“…SNAP and Medicaid. These are programs for People Who Do Not Work.”
Is this statement true?
The June Employment Release
Rapid and broad based employment growth
Gasoline prices in perspective
Many reporters have been pushing the meme that:
Consumers will pay the highest Fourth of July gasoline prices in six years.