Submitted by Businomics Blog
The housing bust is pretty severe, but there are some exceptions. Out of 360 metropolitan areas (all that the Census Bureau is tracking), 62 metropolitan areas have increasing housing construction this year. That was a shocker to me. Here’s who is growing, ranked by the percentage change in the January through October […]

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Submitted by Econbrowser
On Thursday, the White House released its new forecasts. How does it compare against other forecasts?
The Administration forecasts are summarized in this table:

One point of interest. The 2.7% 4q/4q growth rate forecasted for 2008 is somewhat higher than in other forecasts. For instance, the Wall Street Journal forecast for 2007 is 2.45%, if […]

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Submitted by CARPE DIEM
According to this WSJ editorial from last week, foreign students received 33% of all research doctorates awarded by U.S. universities in 2006, up from 25% in 2001, and foreign students earned 44% of science and engineering Ph.D.s.
Given their past hostility to globalization and outsourcing, where are protectionists like Lou Dobbs, Pat Buchanan […]

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Submitted by CARPE DIEM

MINNEAPOLIS — Amid the depressed housing market there’s some good news: Mortgage interest rates last week dipped to 6.1% (the lowest level in more than six months, since early May, see chart above) — within shouting distance of the historic lows that propelled home sales into the record books.
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Submitted by CARPE DIEM
Following previous posts (here and here) on America’s ridiculously large economy, here is how the growth in U.S. nominal GDP would translate, in terms of how the typical increases in national output compare to the economic output of various U.S. states:
4% growth in current-dollar GDP ($560 billion of additional output) would be […]

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Submitted by CARPE DIEM

George Mason economist Tyler Cowen explains in today’s NY Times why the falling dollar has been good for the U.S. economy:
So far the Federal Reserve and the Bush administration have shown little concern over the falling dollar (almost 20% since 2001, see chart above). This isn’t because of neglect or lack […]

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Submitted by CARPE DIEM
According to the BEA, the U.S. economy grew by almost 6% (in current dollars) in the third quarter, and by 6.6% in the second quarter (on an annualized basis). In dollar terms, that translates into $200 billion of additional economic output in the third quarter of 2007 (or $800 billion on an […]

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Submitted by CARPE DIEM

A little late, but a good one from Henry Payne….
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Submitted by CARPE DIEM

Following up on the previous CD post below, the chart above (click to enlarge) shows the 20 largest U.S. metropolitan areas by 2006 GDP using BLS data available here and the countries with comparable economic output using GDP data available here from the IMF and World Bank.
Consider that the top 10 […]

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