November 4th, 2016
by Philip Pilkington
Lars Syll has recently linked to a post by Noah Smith criticising DSGE models. Criticising DSGE models is the latest fad in mainstream macroeconomics — hey, it’s easy to use the model that was in fashion just before the crisis as a scapegoat to distract the profession from the fact that they still have no idea how to begin to explain the crisis or its aftermath.
by William K. Black, New Economic Perspectives
Pete Peterson is back, and his message and rhetoric are always the same. The federal budget deficit is a disaster and – any day now – will produce massive inflation. Peterson has written his 20,000th version of this fantasy in the NYT with Paul Volcker.
October 30th, 2016
by Dee Woo
- What's behind the property fever in China?
- The financial truth of the destocking of China's property market.
- We use quantitative analysis to predict when the bubbles of China's housing market will burst.
October 29th, 2016
by Rick Davis, Consumer Metrics Institute
October 28, 2016 - BEA Estimates 3rd Quarter 2016 GDP Growth to be 2.91%
In their first ("preliminary") estimate of the US GDP for the third quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the growth rate was +2.91%, up +1.49% from the prior quarter. Most of the reported improvement in the headline number came from a +1.77% quarter-to-quarter gain in inventories, a +0.96% rise in exports, and a +0.39% uptick in governmental spending.