Hard hitting global and local news
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
Link: Second Quarter GDP Revised Up, as Expected, Led by Autos, Housing
More: Economic and Social Tipping Points: Have We Arrived?
Visit site: Lessons in Gravity and Intervention; Do Something!
Regional Manufacturing Expectations From Mars Last month, economists were excited when the Richmond Fed Manufacturing index unexpectedly rose from 6 to 13. The excitement lasted one month.
Chinese Stocks Extend Slide, Down Another 6%; S&P Futures +38 Points, Nasdaq Futures +71 Following a day in which only 6 out of 500 S&P 500 stocks rose, a snap back of some sort was in order.
Bloomberg reports Panic Grips Emerging-Market VIX in Biggest Jump on Record The rout in markets from China to South Africa triggered a record jump in a gauge of options prices on developing-nation stocks as investors purchased contracts to protect against future declines. The benchmark — called the CBOE Emerging Markets ETF Volatility Index — more than tripled as trading began at 9:30 a.m