Friday, October 28, 2016

GDP recovers a bit in the third quarter

According to the BEA, the advance estimate of GDP growth in the third quarter is 2.9%, which is a significant improvement on the second quarter (1.4%). So maybe there is no recession in the near future (Neil Irwin might be right about that), which does not mean Yellen should hike the Fed rate in December anyway.

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Ken Rogoff on Milei and the IMF

  Another Excel... ent work* This is from a few weeks ago, but only now I had some time to post about it. Ken Rogoff has been doing the roun...