Strong GDP Numbers Not Reaching Main Street

BEA Estimates 4th Quarter 2013 GDP Growth at 3.22% Annual Rate, Down Modestly from 3rd Quarter by Rick Davis, Consumer Metrics Institute In their first estimate of the US GDP for the fourth quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 3.22% annualized rate, down .9% …

Advance Estimate 4Q2013 GDP Is at Expectations

Written by Doug Short and Steven Hansen The advance estimate of fourth quarter 2013 Real Gross Domestic Product (GDP) grew a positive 3.2%. The market expected the advance estimate 4Q2013 GDP at 3.0% to 3.6%. GDP growth in 3Q2013 was 4.1%

Hollowing Out and the Future of the Labour Market – the Myth

by Bob Butcher, Voxeu.org This article originally appeared at Voxeu.org 17 December 2013. The labour market ‘hollowing out’ thesis suggests that there are far fewer intermediate-level jobs and far more low- and high-level jobs than two or three decades ago, primarily due to technological advancement. This article reviews recent research that finds little evidence in …

BEA Boosts GDP Growth Again

December 20, 2013 – BEA Revises 3rd Quarter 2013 GDP Growth Upward Again to 4.12% Annual Rate by Rick Davis, Consumer Metrics Institute In their third and final estimate of the US GDP for the third quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 4.12% annualized …

Monetary Policy Under Financial Repression

by Michael Pettis, China Financial Markets Following Paul Krugman’s lead I guess I can refer to this post as being “wonkish”.  Much of it is based on my recent book  Avoiding the Fall (Carnegie Endowment, September 2013).