Secondary Sources: Manufacturing, Unemployment, Economic Confidence
A roundup of economic news from around the Web.
Fed’s Bullard Warns of ‘Looming Disaster’ With Output Gap Model
If the Fed doesn't change the way it takes stock of the economy and its relationship to monetary policy, the U.S. may be facing a "looming disaster," a top central bank official said.
The Hiring Hare Will Soon Morph Into a Tortoise
Hiring looks like a rabbit, but expect job growth to shift into a slower pace soon.
January Downshift Shouldn’t Be Surprise
The latest data disappointments include a drop in consumer confidence and factory activity growing slower than expected. The more tepid January numbers shouldn't be a surprise.
Chinese New Year and the BDI
Should you be worried about the Baltic Dry Index’s recent sharp selloff? Or should you be more worried about developments in China? We bring this up because there is apparently...
Economic Projections and Key Numbers From CBO Budget Report
The nonpartisan CBO released its latest budget and economic forecasts this morning. Both Democrats and Republicans will find campaign trail fodder in the report, as well as reason for concern.
Outsized Impact of Inventories on GDP Growth
For U.S. gross domestic product growth, the disappointment devil is in the details..
Economists React: GDP ‘Less Impressive Than It Looks’
Economists and others weigh in on the increase in U.S. gross domestic product.
Business Sector Is More Open for Business
Heading into 2012, U.S. companies, which had been sitting on trillions in cash, are planning to spend more on big capital projects, and are laying off fewer workers.
OECD Urges Tax Changes to Boost Growth, Reduce Inequality
Governments should eliminate tax relief on mortgage interest payments and pension contributions, and tax capital gains from the sale of residential property in order to boost growth and reduce inequality, the OECD said .
China’s GDP: How Bad Was It Really?
China reported that GDP growth slowed substantially in 2011 to 9.2%, compared to 2010’s 10.4%. But maybe it slowed more – a lot more.
Don’t worry, it’s normal for China’s GDP to appear a little weird
Still confused by China’s better than expected GDP numbers? (Especially given stories like this, and this, and this?)You’re not the only ones.Standard Chartered’s...
