Economy is still rolling along

The advanced numbers for second quarter real GDP are in.

Is an oil shock still an oil shock?

William Poole, President of the St. Louis Fed, argues that our latest oil price shock differs from those in the 70s.

What should corporations maximize?

Gary Becker argues that corporations should maximize stockholder value.

Economy looks to party on

Bloomberg reports that the leading economic indicators increased by more than had been expected.

China floats

The Chinese announced that they would no longer peg the yuan to the dollar.

Don't flip over flat yield curves

Greenspan says don't worry (too much) about the flattening yield curve.

Are children safer in car seats or with adult seat belts?

Steve Levitt, author of Freakonomics, brings data to the question.

What's the deal with flat yield curves?

Long term interest rates remain relatively low even though the Fed has put upward pressure on short term rates. Here is a discussion of what might be going on.

Are we saving enough?

In this article Kevin Kliesen of the St. Louis Fed discuss the issues. (Hat tip to Bryce Kanago)

From whence did our large trade deficit come?

James Hamilton has some interesting insight and figures into this question. (Hat tip to Rich Hart)