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Was Bill Clinton’s Poverty Record 100 Times Better than Ronald Reagan’s?

Hillary Clinton said in an interview with Charlie Rose that the difference between Bill Clinton and Ronald Reagan‘s presidencies were “night and day in terms of the effects, the number of jobs that were created, the number of people lifted out of poverty — 100 times more when Bill was president.” Earlier we examined the jobs record, and here w


Source: http://blogs.wsj.com/economics/2014/07/18/was-bill-clintons-poverty-record-100-times-better-than-ronald-reagans/?mod=WSJBlog

WSJ Survey: Economists Worry the Fed Will Keep Rates Low Too Long

Many more economists worry the Federal Reserve will wait too long to raise interest rates than think it will tighten policy too quickly, according to The Wall Street Journal’s latest survey.
Some 79% of the 42 economists who answered the question said the greater risk is that the Fed will raise rates too late, versus 21% who said the greater risk is that the Fed will raise rates too soon.


Source: http://blogs.wsj.com/economics/2014/07/17/most-economists-surveyed-worry-the-fed-will-keep-rates-low-too-long/?mod=WSJBlog

Fed’s Yellen Back on Capitol Hill for Second Day of Testimony

Federal Reserve Chairwoman Janet Yellen is back at the Capitol on Wednesday for a second day of testimony before U .S. lawmakers on the state of the economy and the outlook for Fed policy.
Ms. Yellen is scheduled to appear before the House Financial Services Committee at 10 a.m., a day after she spoke to the Senate Banking Committee.


Source: http://blogs.wsj.com/economics/2014/07/16/feds-yellen-back-on-capitol-hill-for-second-day-of-testimony/?mod=WSJBlog

What to Watch in Fed Chairwoman Janet Yellen’s Testimony This Week

When Federal Reserve Chairwoman Janet Yellen presented her semiannual testimony to Congress in February the jobless rate was 6.7% and annual inflation was 1.2%. When she returns for two days of testimony Tuesday and Wednesday, she will have a 6.1% jobless rate and 1.8% inflation to report to lawmakers.
What matters most in her testimony will be how she explains these developments, particularly the job market’s improvement.


Source: http://blogs.wsj.com/economics/2014/07/14/what-to-watch-in-fed-chairwoman-janet-yellens-testimony-this-week/?mod=WSJBlog

In Canada, a Case of the Missing U.S. Exports

It has been one of the big mysteries of Canada’s economic recovery: roughly 50 billion Canadian dollars  ($46.58 billion) of exports, mostly to the U.S., have gone missing.
When the U.S. recovery started to pick up steam, Canadian economists expected nonenergy exports to the U.S., which accounted for three-quarters of Canada’s C$480 billion in annual exports last year, would rebound as well. If Canada’s sales of goods ranging from auto parts to oats had behaved as economists had expected, they would have rebounded by an additional C$40 to C$50 billion.


Source: http://blogs.wsj.com/economics/2014/07/13/in-canada-a-case-of-the-missing-u-s-exports/?mod=marketbeat

Deadbeats No More: Americans Paying Bills on Time at a Historically High Rate

Fewer Americans are deadbeats.
The share of credit-card bills being paid on time is near a two-decade high,  according to new data released Thursday by the American Bankers Association. Delinquency rates on bank-issued credit cards fell to 2.44% in the first quarter from 2.6% at the end of 2013. The first-quarter figure is barely above the year-earlier reading of 2.41%, which was the lowest rate since 1990.


Source: http://blogs.wsj.com/economics/2014/07/10/deadbeats-no-more-americans-paying-bills-on-time-at-a-historically-high-rate/?mod=blogmod

Appointee Nemat Shafik Says BOE Balance Sheet Might Not Return to Pre-Crisis Size

LONDON – The official who will be in charge of shrinking the Bank of England’s balance sheet said on Wednesday that its size  may not become as small as it once was.
Nemat Shafik, a former International Monetary Fund deputy managing director who joins the U.K. central bank Aug. 1 as its first deputy governor for markets and banking, made her remarks while testifying in parliament.


Source: http://blogs.wsj.com/economics/2014/07/09/appointee-nemat-shafik-says-boe-balance-sheet-might-not-return-to-pre-crisis-size/?mod=WSJBlog

DJ-BTMU Barometer Posts Solid Gain in Latest Week

Thanks to a jump in shopping, the Dow Jones-Bank of Tokyo-Mitsubishi-UFJ weekly business barometer increased in the latest week, according to data released Thursday.
The barometer advanced 0.4% in the week ended June 21, after no change in the prior week.
The index is up 1.0% from its year-ago reading.
A statistically smoothed version of the index increased 0.1% for the second week in a row.
The DJ-BTMU barometer is a weighted, 10-component index designed as a coincident measure of overall economic activity.


Source: http://blogs.wsj.com/economics/2014/07/03/dj-btmu-barometer-posts-solid-gain-in-latest-week/?mod=WSJBlog
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