wages

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…

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 Rick Bookstaber This reflects my personal opinion, not the views of the SEC or its staff. I just finished reading Robert Reich’s new book, Aftershock. The critical points of the book are well presented in his pre-publication New York…

by Michael Pettis I am often asked, especially by my Peking University students, to list what I think is the sequence of steps China will take to address its economic imbalances.  Remember that rebalancing, in the Chinese context, has…

YouTube - German Workers Demand Higher Wages as Economy Recovers Ingrid Betancourt: I still have nightmares | World news | The Guardian Gross' Pimco makes $8.1bn bet against US deflation Mike Whitney: The Swelling Backlog…

Kay-Yut Chen and Marina Krakovsky have earned their colours as behavioural economists at Hewlett Packard in the HP Labs and in in their new book Secrets of the Moneylab  they present the gist of their research over the past 20 years.…

by Edward Hugh Well, having just posted a lengthy study of the German economy on this blog, I started to lazily browse my way around today’s economic news headlines, and Lo & Behold, what did I find over at the FT, a contrarian voice.…

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). The incessant debate of whether the economy is inflating or deflating…

By David Galland, Managing Editor, The Casey Report This morning I read an interesting story in Soundings magazine. It recounted the final voyage of the S.S. Morro Castle, purportedly one of the safest ships afloat back in 1934 when it…

These charts were compiled by Pimco via data collected from the Federal Reserve and Credit Suisse. They show that U.S. companies are earning record amounts of money but are not re-investing it. Instead, companies are hoarding cash.…