2010

The first reading of 3rd quarter GDP was released this morning, with the headline coming in right on top of estimates at 2%. The happy surprise of the report was personal consumption expenditures (PCE), which were better than expectations…

Emerging Markets How to end the currency war - National Post The "Fifth BRIC" - The Daily Reckoning The US FT Alphaville » The Worst Columnist in the World Consumers: Avoid Robosigning and Save - Spending -…

Here's a good town hall-style video featuring Simon Schama and Hugh Hendry on BBC QuestionTime. The ever-combative Hendry gave his opinion on the prospects for the UK economy going forward from the Austerian viewpoint. He said that he…

Investors and policy makers alike are befuddled by the yen. Its strength continues to defy the traditional explanatory models that typically give a privileged position to risk appetite, interest rate differentials, or external positions.…

by William K. Black William K. Black is an Associate Professor of Economics and Law at the University of Missouri-Kansas City. He is a white-collar criminologist and was a senior financial regulator. He is the author of The Best Way to Rob…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). "That the economists...can explain neither prices nor the rate of…

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an…

By William K. Black and L. Randall Wray William K. Black is an Associate Professor of Economics and Law at the University of Missouri-Kansas City. He is a white-collar criminologist and was a senior financial regulator. He is the author of…

Highlights The US dollar has recouped a good part of yesterday’s losses as the choppy range trading that has characterized recent trading continues.  Despite a string of poor economic data, pointing to stronger deflation forces and…

by Comstock Partners Economic growth remains extremely subdued and a double dip is still a strong possibility. In the first 4 quarters of the current recovery ended June 30th, GDP increased at a rate of 3% annualized, compared to an…