U.S Economic Recovery and Macroeconomic Outlook in 2009/2010

The latest macroeconomic data from major world economies suggested that the recessionary contraction is likely to be ended in the light of positive news on GDP growth and midterm macroeconomic outlook. However, the road of the economic recovery remains uncertain. The policymakers responded to the great contraction of 2008 by decreasing interest rates close . . . → Read More: U.S Economic Recovery and Macroeconomic Outlook in 2009/2010

Foreclosure Rates Continue Steady Decline

In October the number of U.S. properties for which a foreclosure filing was received declined for the third month sequentially according to a RealtyTrac report released on Wednesday. The report is a further indication that foreclosures are beginning to subside and that the housing sector is stabilizing.

According to the report, total foreclosure filings . . . → Read More: Foreclosure Rates Continue Steady Decline

What’s A Trillion Dollars?

What’s A Trillion Dollars?

Economists are anticipating that the federal budget deficits will be in the trillions of dollars for a number of years. There are estimates that, with all federal efforts combined, the bailout and stimulus packages will be upwards of $7 trillion. I wonder if politicians who are so cavalier about using . . . → Read More: What’s A Trillion Dollars?

Outlook for the Norwegian Economy

Norges Bank has recently published Monetary Policy Report 3/2009 (link) and a comprehensive list of figures and charts including major macroeconomic trends in Norway and abroad (link). Time series on unit labor cost, output gap and other macroeconomic indicators are interesting to observe, especially because Norges Bank has been the first central bank in . . . → Read More: Outlook for the Norwegian Economy