Aug 292015
 
The recovery: Still tepid

Good on us that the U.S. economy grew at an annual rate estimated at 3.7% in the April-May-June quarter rather than the 2.2% rate announced as the first estimate a month ago. But don’t get too excited. State and local government spending accounted for a higher-than-average share of the growth [continue reading . . . ]






Aug 192015
 
The next recession: Made in China?

If you haven’t read it, get to your library (or use your library card) to read Ruchir Sharma’s op-ed in the Wall Street Journal August 17 (Page A 11). He argues that with advanced economies stuck in slow-growth mode, the globe is “one shock away from recession” and that the [continue reading . . . ]