Submitted by Econbrowser
Sudeep Reddy provides five reasons Why Economists Are Betting A Recession Won’t Happen. These reasons are ably summarized in the WSJ Real Time Economics Blog post Five Reasons Recession May Be Averted:
The Fed is on the case. The Fed, which has cut its main target for short-term interest rates by a full percentage […]

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Submitted by CARPE DIEM

Follow up on yesterday’s post on 2007: a year of global cooling.
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Submitted by The Capital Spectator
If there’s any one still wondering if the economy’s slowing, this morning’s update on weekly jobless claims may help blow some of the clouds of doubt away.
For the week through December 14, initial jobless claims rose to 346,000, up 12,000 from the previous week, the Labor Department reported. That’s not the […]

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Submitted by CARPE DIEM

The BEA released it final estimate of third quarter (July-September) real GDP growth today, and it remained unchaged from its previous estimate of 4.9%. Third quarter growth in real GDP was more than twice the average growth this decade of 2.2%, and followed second quarter growth of 3.8% (see chart above). Notice […]

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Submitted by unsettling economics
The Wall Street Journal had an interesting piece suggesting that banks pay a premium for takeovers that bring their size up $100 billion. Maybe if the writeoffs get a bit bigger, Too Big To Fail status may pay off.
Two Federal Reserve economists, “Elijah Brewer III and Julapa Jagtiani, combed through 13 years […]

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Submitted by A Dash of Insight
The first Treasury Auction Facility (TAF) results were announced today. The rate in the “Dutch Auction”, where everyone gets the best rate that completes the offering, was 4.65%. The bid-to-cover was more than 3-1. What should we make of this?
The Stock Market Perspective
As is so often the […]

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