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September 3, 2014

Latest Posts from Economist's View

Latest Posts from Economist's View

Links for 9-03-14

Posted: 03 Sep 2014 12:06 AM PDT

Fed Watch: Solid Start to September

Posted: 02 Sep 2014 11:49 AM PDT

Tim Duy:

Solid Start to September, by Tim Duy: The ISM manufacturing report came in ahead of expectations with the strongest number since 2011:


Moreover, strength was evident throughout the internal components:


Note too that the report is consistent with other manufacturing numbers:


If this is a taste of the data to expect this fall, it is tough to see how the Fed will be able to maintain their "considerable period" language much longer.

Objections to Fiscal Policy are Groundless—It Works

Posted: 02 Sep 2014 07:47 AM PDT

I have a new column:

Objections to Fiscal Policy are Groundless—It Works: One of the more controversial policies instituted in an attempt to stimulate the economy out of the Great Recession was the $816.3 billion fiscal stimulus package enacted just after Obama took office. ...

[The artwork is a bit mixed up, it has Keynes in a helicopter dropping money...]

How to Shock the U.S. Economy Back to Life

Posted: 02 Sep 2014 07:38 AM PDT

At MoneyWatch:

How to shock the U.S. economy back to life, by Mark Thoma: During the Great Recession, U.S. gross domestic production -- the nation's total output of goods and services -- dropped below the trend rate of growth that prevailed before the collapse. More than five years into the recovery, the economy shows no signs of returning to that prior rate of growth.
Instead, as the following graph shows, although the economy is growing at roughly the same rate as before the crisis, the growth is from a much lower level of output:
Is this the "new normal" we hear so much about? Do Americans have no choice but to accept the lower level of output, and the lower level of employment and living standards that comes with it, or is there something we can do to push the economy back to the pre-Great Recession trend? ...[continue]...

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