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Is China's Economic Growth Real?
The following points appear frequently in mainstream media commentary on China: China's economy is growing at a rate of 8% annually, perhaps higher The Communist party will not "allow" growth to slow because it would create social unrest China's development is based on the ...
Deficits saved the world
Deficits saved the world
krugman.blogs.nytimes.com — Jan Hatzius of Goldman Sachs has a new note (no link) responding to claims that government support... for the economy is postponing the necessary adjustment. He doesn't think much of that argument; neither do I. But one passage in particular caught my ... (more) Deficits saved the world
China’s Magic Numbers
thebigmoney.com — BEIJING-China, on Thursday, announced its second-quarter gross domestic product-a big deal here. It's not just the Chinese... government's top priority but a nearly sacrosanct number. Growth came in at an astounding 7.9 percent. But could China's GDP ... (more) China’s Magic Numbers
The Long-Term Budget Outlook
The Long-Term Budget Outlook
cboblog.cbo.gov — Today I had the opportunity to testify before the Senate Budget Committee about CBO’s most recent analysis... of the long-term budget outlook . Under current law, the federal budget is on an unsustainable path, because federal debt will continue to ... (more) The Long-Term Budget Outlook
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Tim Geithner inteview on CNN
FinanceProfessor.com — ... Is China's Economic Growth Real? - The following points appear frequently in mainstream media commentary on China: China's economy is growing at a rate of 8% annually, perhaps higher The Commu... 4 hours ago ...

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Chinese Money Growth Producing Mixed Signals, Limited Real Economy Resultsnaked capitalism
China has had two failed bill auctions this week, due to fears the government, which has started to raise rates, will continue down that path to curb money supply growth. Yet with growth flagging (anything under 8% is inadequate to absorb new workers), choking off stimulus now does not seem well ...