Thursday, July 2, 2015
Well, I aced yet another Econ test, so in celebration here's some news:
New Deal Demoncrat - June unemployment report. Nonsupervisory wages continue to go nowhere, because the plutocracy has won its battle against the workers. I linked to a Fed research paper a while ago that agreed we wouldn't see wage growth even with an economic recovery, so yes the Fed already knows.
Calculated Risk - June unemployment report and June unemployment report 2: the employening. Remains on trend, ignore doomers.
WSJ RTE - US construction spending hits post-recession high. This is a component of GDP.
Caixin - Chinese government once again tries to pull market out of nosedive. Is it a bubble if valuations are fair? Maybe the Chinese just aren't made for stock market investing?