Around the Web in a Couple of Clicks


September 11

Hurricanes and economic data

Weak inflation may force the Fed to pause its rate setting policy

After appearing weakened a year ago, Merkel is now the German front-runner.
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The Atlanta Fed’s GDP Nowcast is trending lower

NY Fed’s GDP nowcast at 2.06%

Gavyn Davies: Global Nowcasts are improving
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Gavyn Davies: The Global Upswing Could Be Stronger This Time
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Cleveland Fed’s Yield Curve Recession Predictor: 12.9%

See also: A recent look at term spreads

Scott Grannis: A better PE ratio

What to watch for in the Census’ earnings, income, and poverty release

Are weaker oil prices responsible for stronger global growth?

See also, James Hamilton’s research at the NBER

September 8–Focus: Income Inequality

Those of us who don’t want to think about this as an ethical issue might want to give it some thought as a pragmatic economic bummer. The details matter a great deal for an economy based on consumption, as is ours here in the U.S., especially since those who spend the largest percentage of their incomes are the very ones getting shorted.

The Facts:
Striking it Richer: The Evolution of Top Incomes in the United States

Mobility Report Cards: The Role of Colleges in Intergenerational Mobility

Economic Inequality: It’s Worse than You Think

A deep dive into the history, with those Gini Coefficients you wanted for your birthday:
Income Inequality

Distributional National Accounts: Methods and Estimates for the United States

And finally, apologies for the “self link,” but here’s our summary of an un-linkable paper outlining public opinion on the matter. The facts were very different from what we often hear.