Professor Mark J. Perry's Blog for Economics and Finance
Great economic data and free services are available from the National Bureau of Economic Research, where you can register to receive free e-mail notifications of more than 100 different economic releases. You can also access all of the hundreds of current and archived economic reports, and view the release schedule for each report.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
2 Comments:
This is great stuff. I had not looked at the NBER since the pre-web days--we did have eletricity, but no Internet--and this site is a terrific way to try to gauge what is going on.
I stated before, the U.S. is in the best position to weather this recession, because it's stocked-up with real assets and goods, and generally underproduced in the 2000s. However, unfortunately, Obamanomics may create an L-shaped recovery, rather than a V-shaped recovery, which is normally the case after a severe recession. It seems too early for the Fed to tighten the money supply:
World Bank Sees Slow Growth for Economy: Developing Nations To Be Hit Hardest
By Annys Shin
Washington Post Staff Writer
Tuesday, June 23, 2009
The world economy is headed into an era of slower growth, according to a World Bank report released yesterday, with developing nations bearing the brunt of a stubborn credit crunch.
Despite recent signs that the recession is easing in the United States and Britain, the downturn continues to cripple developing nations. Rising unemployment has left émigrés with less money to send home, the drop in consumer spending has killed demand for exports, and foreign banks and investors have pulled back.
As a result, total private capital flows into developing nations shrank in 2008 to $707 billion, down from a 2007 peak of $1.2 trillion. The World Bank said yesterday that it expects that figure to decrease further this year to $363 billion.
The global economy is expected to start growing again during the second half of the year but at a pace "much more subdued than might normally be the case," the report said.
The bank recently revised its forecast for the global economy downward, saying it would contract at an annualized rate of 2.9 percent this year -- worse than its March forecast, which predicted it would shrink at a rate of 1.7 percent.
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