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What We Read Today 02 February 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

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Fourth Quarter GDP Reverts To The Weak New Norm  (Bob McTear, Seeking Alpha)  After all the volatility over the past several quarters, this former Fed governor points out that moving averages are still indicating a "new normal" GDP growth rate around 2%.  See also GEI reviews and analysis of the latest data by Steven Hanson and Doug Short (coauthors) and Rick Davis (Consumer Metrics Institute).


Researchers may have cure for peanut allergies (Robert Ferris, CNBC)  Hat tip to Marvin Clark.  Eating a bacteria which is a strain of Lactobacillus, a beneficial bacteria found in some fermented food products, may be the key to overcoming a potentially life-threatening food allergy, according to new research from Australia. This particular bacteria is thought to be valuable in maintaining digestive health. according to new research from Australia.  More than 80% of the formerly peanut sensitive subjects tolerated eating peanuts well after 18 months of treatment.  A control group given placebo produced only  4% with tolerance.  See Administration of a probiotic with peanut oral immunotherapy: A randomized trial (Mimi L. Tang et al, The Journal of Allergy and Clinical Immunology, 13 January 2015).



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