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Third quarter growth not nearly enoughFOR a moment, things seemed grand. Yesterday, the Bureau of Economic Analysis released data revealing that the American economy expanded at a 3.5% annual rate in the third quarter, and markets soared on the news. Finally, growth has returned.But it hasn't taken long for renewed hand-wringing to b... |
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The recession probably ended in JuneROBERT GORDON was kind enough to respond to a few questions sent to him via email, on the third quarter GDP release and the state of the American economy. Here is his answer, very lightly edited for clarity:The starting point about the current situation is that 2009 represents the fifth straight ... |
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Thoughts from the armchairI MENTIONED a while back that one of the first economics books I was assigned was Russ Roberts' "The Choice: A Fable of Free Trade and Protectionism". Well, the very first economics reading I was assigned, ever, was Steven Landsburg's "The Armchair Economist". It was the book ... |
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American home prices back to normalAT THE Buttonwood Gathering, Buttonwood spoke with a number of interesting folks (you can see all the available video here). I particularly enjoyed hearing from Robert Shiller:Interestingly, Mr Shiller credits the election of Barack Obama with the soothing of animal spirits. And he notes that by ... |
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Today in trade spatsI NOTED two posts ago that Asia's recovery has been driven by the resuscitation of global trade, which completely collapsed during the darkest months of the recession but has since developed a pulse. Given that, it's hard to take Chinese sabre-rattling over trade issues too seriously. Still:China... |
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Here's your recoveryWELL, it's (kind of) official. The Bureau of Economic Analysis has released its preliminary data on third quarter output, and America's economy seems to have expanded at a 3.5% annual rate from the second quarter. That's the first increase in output since the second quarter of 2008, and it follow... |
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