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Economic and and financial news and analysis

The "two Chinas" will have materially different growth trajectories – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. A recent economic letter from the San Francisco Fed (Israel Malkin and Mark Spiegel) discusses a model used to project China’s economic growth. In their analysis the researchers separate China into two economies: “Advanced” and “Emerging”. They point…

Forget The Retail Sales Headline Number, After Inflation, Sales Barely Rose – UPDATE

This report is updated to reflect the CPI data released on October 16. Retail Sales rose by 1.1% in September (month to month) and 5.4% annually, according to the Commerce Department’s September Advance Retail Sales Report. Those are seasonally adjusted idealized estimates. Neither figure is adjusted for inflation. The median forecast of economists was for a…