China’s Currency and Economic Growth

Dani Rodrik wrote a nice article on the future prospects of China’s currency and its industrial policy (link).

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How Bad was Industrial Production in October?

This appeared in Financial Express today.

In India, many people look at year-on-year changes to track the state of the economy. This indicator has important weaknesses. It is the moving average of the change seen in the latest twelve months and is hence a sluggish indicator of the changes in the economy. In order . . . → Read More: How Bad was Industrial Production in October?

Texas Adds Nearly 70,000 Jobs

Last month we predicted that jobs growth would likely begin to return by Christmas. Now Texas data confirms that jobs growth is on the way.

Seasonally adjusted data from the Texas Workforce Commission shows that during October and November, the state’s employers added nearly 70,000 jobs. Gains were in categories such as education and . . . → Read More: Texas Adds Nearly 70,000 Jobs