Hard hitting global and local news
US News reports New Greek election could mean new govt partners for Tsipras and his Syriza party . Greece’s outgoing prime minister, Alexis Tsipras, is banking on his popularity to win a national election next month and strengthen his grip on power after purging his radical left Syriza party of dissenters
This Bloomberg headline " If the Options Market Is Right, China’s Stock Rescue Is Doomed " reads like something one would find in a tabloid, but the reverse is now true. Options traders have never been so pessimistic on China’s stock market, betting the government’s renewed effort to prop up share prices is doomed to fail. The cost of bearish contracts on the China 50 exchange-traded fund surged to the highest level versus bullish ones since they started trading in Shanghai six months ago
MarketWatch details Where every Fed member stands on raising interest rates . Chairwoman Janet Yellen : Not at Jackson Hole.
And Stern 2015 : …Professor Stern, the chair of the Grantham research institute on climate change and the environment, said that it was a false dichotomy to posit growth against climate action. “To portray them as in conflict is to misunderstand economic development and the opportunities that we now have to move to the low-carbon economy,†he said. “To pretend otherwise is diversionary and indeed creates an ‘artificial horse race’ which can cause real damage to the prospects for agreement.†Green parties in Europe have often argued that decarbonisation requires an end to the model of economic growth “at all costsâ€
See original article: Fed Queen Race: Personal Income Rises 0.4% as Expected; Good for Rate Hikes? GDP?
Read More: Steve Keen on Economic Forecasts, Ponzi Schemes, GDP, China; One Way Streets and Poison
Originally posted here: GDP by Other Measures; Will the "Real" GDP Please Stand Up?
Disputes over GDP go on and on and on. MarketWatch reports By another measure, the U.S.
Read More: Kansas City Region Activity Remains in Deep Contraction