There is about a 30% chance that the U.S. economy is about to start growing rapidly, with unemployment declining by a percentage point or two each year. There is about a 40% chance that we are about to start a recovery like or a little bit better than …
"The FOMC is expected to hold the federal funds rate unchanged at 0%-0.25% until August. The policy statement of January 27 FOMC painted a more upbeat picture of the economy compared with the December 16 policy announcement. The nature of future e…
When the Roman poet Phaedrus cautioned that "things are not always what they seem; the first appearance deceives many," he could easily have been describing the latest report on the U.S. economy.
DeLong (1999): Why We Should Fear Deflation Sound Economy with Jon Talton | Somebody enjoyed 5.7 percent GDP growth but most of us just got this lousy T-shirt | Seattle Times Newspaper Ezra Klein: Rahm Emanuel makes me very pessimistic about health-car…
The economy sprung into action last quarter, growing at a whopping annualised 5.7 per cent, its fastest pace in six years. Analysts surveyed by Bloomberg were only expecting a 4.5 [...]
According to the figures released today, US economy grew faster than expected at the end of last year. Gross Domestic Product grew in the fourth quarter of 2009 by annualized 5.7%, more than the 4.7% estimate. This marks the largest GDP increase i…
The economy grew briskly last quarter. According to the advance estimate by the Bureau of Economic Analysis, gross domestic product increased at a 5.7% pace in the fourth quarter of 2009, faster than many forecasters had expected. (Note: BEA will revis…
1) Menzie Chinn sends us to: Michael Rosenberg, Financial Conditions Watch (Bloomberg, Jan. 27, 2010): >**Fed Funds Rate Outlook — A Taylor Rule Perspective:** With U.S. real GDP growth moving back into positive territory in the second half of 2009…
Brazil posted yet another monthly budget deficit in December, and, yet again, it’s not the economy getting a Keynesian boost. Before interest payments, the budget surplus was 2.06 per cent [...]
Obama: >I know that some in my own party will argue that we cannot address the deficit or freeze government spending when so many are still hurting. I agree, which is why this freeze will not take effect until next year, when the economy is stronger…