Daily Economy News
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NYT Looks at Best Places to Grow Up
There’s a very interesting package of articles and interactive charts in The Upshot section of The New York Times that underscore the role location plays in a child’s success later in life.
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Media Should Challenge MIT’s R&D Claims
I recently heard a news report on the radio about a new MIT study that finds that the U.S. government is not spending enough on research and development, and it’s putting us at a competitive disadvantage. More detail on this was available from the Wall Street Journal story (“U.S. Is Faulted for Risking Edge in…
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The Economy, Heading Toward Spring
Amid all of the talk about a first-quarter economic slump, we have some new data out this morning that shows the economy is likely to show more strength in the second quarter. “We’re seeing early signs that the soft patch might be ending,” said Bob Hughes, senior research fellow at the American Institute for Economic…
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Reading the Fed’s Tea Leaves
It is no surprise that no action was taken at the April Federal Open Market Committee meeting since the central bank has firmly formed public expectation of no interest rate increase in April. The question of interest to the market is whether the Federal Reserve has revealed some clear signal in its statement about the…
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Slow GDP Growth Should Give Fed Pause
The slower-than-expected growth in gross domestic product during the first quarter of the year is likely to cause the Fed to wait to raise interest rates until later in the year, said Bob Hughes, senior research fellow at the American Institute for Economic Research.
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Americans Driving and Flying, But Not Buying Much
An important barometer of economic health, orders of durable goods, showed remarkable strength in headline March data released this morning by the Commerce Department. But a closer look into the 4 percent increase over February showed that strength was driven by two unique areas: transportation and technology. Cut them out and focus mainly on manufacturing…
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That First-Quarter Slump
We enjoyed Justin Wolfers’ story today about first-quarter economic slumps, featured in The Upshot today in The New York Times. The story resonates with some of our own research, as we have been cautioning against reading too much into sluggish gross domestic product performance.
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Why Passive Management Wins Again
In the early 20th century, professional baseball players batted over .400 four times in a 20-year span. Since Ted Williams’ magical 1941 season, no professional baseball player has batted .400. Although the aggregate professional batting average has remained stable at around .250, the variability of batting averages has declined as all players have become more…
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•
NYT Looks at Best Places to Grow Up
There’s a very interesting package of articles and interactive charts in The Upshot section of The New York Times that underscore the role location plays in a child’s success later in life.
-
•
Media Should Challenge MIT’s R&D Claims
I recently heard a news report on the radio about a new MIT study that finds that the U.S. government is not spending enough on research and development, and it’s putting us at a competitive disadvantage. More detail on this was available from the Wall Street Journal story (“U.S. Is Faulted for Risking Edge in…
-
•
The Economy, Heading Toward Spring
Amid all of the talk about a first-quarter economic slump, we have some new data out this morning that shows the economy is likely to show more strength in the second quarter. “We’re seeing early signs that the soft patch might be ending,” said Bob Hughes, senior research fellow at the American Institute for Economic…
-
•
Reading the Fed’s Tea Leaves
It is no surprise that no action was taken at the April Federal Open Market Committee meeting since the central bank has firmly formed public expectation of no interest rate increase in April. The question of interest to the market is whether the Federal Reserve has revealed some clear signal in its statement about the…
-
•
Slow GDP Growth Should Give Fed Pause
The slower-than-expected growth in gross domestic product during the first quarter of the year is likely to cause the Fed to wait to raise interest rates until later in the year, said Bob Hughes, senior research fellow at the American Institute for Economic Research.
-
•
Americans Driving and Flying, But Not Buying Much
An important barometer of economic health, orders of durable goods, showed remarkable strength in headline March data released this morning by the Commerce Department. But a closer look into the 4 percent increase over February showed that strength was driven by two unique areas: transportation and technology. Cut them out and focus mainly on manufacturing…
-
•
That First-Quarter Slump
We enjoyed Justin Wolfers’ story today about first-quarter economic slumps, featured in The Upshot today in The New York Times. The story resonates with some of our own research, as we have been cautioning against reading too much into sluggish gross domestic product performance.
-
•
Why Passive Management Wins Again
In the early 20th century, professional baseball players batted over .400 four times in a 20-year span. Since Ted Williams’ magical 1941 season, no professional baseball player has batted .400. Although the aggregate professional batting average has remained stable at around .250, the variability of batting averages has declined as all players have become more…