Here's more edumacational material for y'all:
New Deal Demoncrat - weekly indicators. Mortgage applications, real estate loans, M1 and M2, tax withholding yoy, and gasoline prices are all fantastic, NDD. Quit piddling your frilly pink panties.
Calculated Risk - demographic impacts. A good article on how US demographic trends will move the needle over the next few decades. You can't fight demographics. But I'd like to know if I can study the economics of demographics in undergrad.
Antonio Fatas - savings glut and financial imbalances. On the global savings glut, it finishes thusly:
What the world is missing is investment demand. The real tragedy is that investment in physical capital has been weak at the time when financial conditions have been so favorable. Why is that? Jason Furman (and early the IMF) argues that the best explanation is that this the outcome of a a low growth environment that does not create the necessary demand to foster investment.Y'know...There's a part of the world with 4 billion people living in poverty that is trying to expand economically, but is running into the problem of insufficient physical capital. So maybe instead of crowing about some silly "Chinese debt explosion", maybe people should review their fucking NPV lessons and realize that still there's a fantastic investment target for all the world's savings and more.
Calculated Risk - household debt service ratio is at a 35-year low. Tell me more about this "massive repudiation of debt as a dishonest system comes apart at the seams", Gary.
Tim Taylor - the EZ crisis, crystallizing the narrative. This explains what really caused the EZ crisis. With a link to an entire book.
Paul Romer - endogenous technological change turns 25 (pdf). Groundbreaking paper, and he's made it available for free download. Read it if you're interested in macroeconomics.