Will 2014 be the year we face a recession?
The U.S. Chamber of Commerce Foundation reads the Internet so that you don’t have to, sharing a short list of curated blog posts for your Friday reading.
You can now watch cyberattacks occur in real time around the world—it's both scary and revealing to watch criminality ripple across virtually the globe with ease.
Growth among emerging economy stock markets have been overtaken by the frontier markets for the first time (so-called for being less well-established). The gap initially opened in January of 2013, then continued widening in the months that followed. Are we seeing a fundamental shift in growth prospects?
For 3D printing, it may be time to curb your enthusiasm. Vivek Wadhwa of Duke University worries that this nascent technology may be about to experience a backlash or at the very least substantially underwhelm its supporters, just like solar power and electric cars before? It’s all about setting expectations well.
Will 2014 be the year we face a recession? Normal business cycle patterns, reinforced by a recent spate of disappointing economic data, seem to suggest so, according to AEI’s John Makin. Worse yet, monetary easing or fiscal stimulus may not work to curb such a downtown brought on by what Makin sees as an oncoming triple threat of poor retail sales, stagnant job growth, and a weakened housing sector. What should we do then? Makin offers a handful of suggestions (see below), though I struggle to see how these generic, mostly structural measures will do anything to counter the cyclical downturn that he’s anticipating.
A new Pew report on America’s living arrangements throws into stark relief just how much America is changing. And as Reihan Salam notes, “It is hardly surprising that the U.S. has seen a changing pattern of wage and wealth dispersion in recent decades.”
One key finding is that “36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home.”