econbrowser.com - 4/30/2009
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Today's GDP numbers were about what I was expecting. Although economic activity continued its sharp decline, if we continue to follow the script, things should improve.
The Bureau of Economic Analysis reported today that U.S. real GDP fell at a 6.1% annual rate in the first quarter of 2009. ...
econbrowser.com - 4/26/2009
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econbrowser.com —
Here I provide some more background on the
relation between oil price increases and economic recessions. When
I first began working on my Ph.D. dissertation in 1980, I was intrigued by the fact that the oil embargo of 1973-74 and the collapse in ...
(more)
Oil shocks and recessions
krugman.blogs.nytimes.com - 4/27/2009
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krugman.blogs.nytimes.com —
Keiichiro Kobayashi accuses me of wanting to disregard
the problems of the banks and focus only on
fiscal expansion. Actually, I've never said that; he seems to have me confused with Robert Reich, who has. But it's true that I'm a bit puzzled by the ...
(more)
Japan's recovery, again
calculatedriskblog.com - 4/29/2009
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calculatedriskblog.com —
Although Q1 GDP was very negative due to
the sharp investment slump (this was expected, see: Q1
GDP will be Ugly ), the decline in Q1 was weighted towards lagging sectors. Click on graph for larger image in new window. This table shows the ...
(more)
GDP Report: The Good News
Comments
Blog Reactions
US GDP contracts sharply in Q1 but worst may be over
The Skeptical Speculator —
... Calculated Risk considers consumption a leading indicator and in this regard, James Hamilton noted that consumption rebounded in the first quarter, which could be key to a recovery. ...
Thursday links: trader’s trap
Abnormal Returns —
... Pesky bondholders in GM and Chrysler muck things up by actually wanting what is due them under the law. (DealBook, Clusterstock, Mankiw Blog, 24/7 Wall St.)
Are the ratings agencies now going overboard in their pessimism? (Clusterstock also Big Picture)
Some measure of hope in the 1Q GDP figures. (Econbrowser, Economix)
When will Larry ...
Monitoring the Economy
A Dash of Insight —
... Richard Hamilton at Econbrowser, one of our featured sources, is a realist with his own recession method. His rating is negative, but he notes the increase in consumption and cautiously observes that growth could be positive by year end. ...
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