Articles from Aaron Nathans
We are getting our first peek into economic data from the month of May this week, and so far it looks good, says Bob Hughes, senior research fellow at the American Institute for Economic Research.
That bodes well for Friday’s employment report, which is one of the key indicators of the strength of the economy.
The story of China’s overproduction of industrial goods, and its impact on the world economy, is well told in The Wall Street Journal. This story explains how the U.S. tire industry is hurting due to an oversupply of tires from China. The country built up its manufacturing capability, only to see growth slow and prices drop. Imports into China have suffered as well, causing ripple effects around the world.
Headlines this morning had a decidedly downbeat tone about the economy, as the Commerce Department revised downward the already lackluster first-quarter gross domestic product numbers.
But our senior research fellow, Bob Hughes, said a closer reading of this morning’s data shows the economy really isn't too bad.
There were positive signs and not-so-positive signs to be found in this morning’s essentially flat retail sales report from the Commerce Department.
But unlike some of the gloom you may be reading this morning from other observers, our senior research fellow, Bob Hughes, says a mixed report actually adds up to a modestly upbeat sign for the economy.
Here’s an interesting blog from the folk music artist Dar Williams on the changing economics of touring. Although the road may be a more welcoming place for a touring musician, in the age of streaming music services, the decline of recorded music has diminished an important stream of revenue, she writes. Music lovers are less willing to pay for recorded music, she writes.