If you care at all about what academic macroeconomists are cooking up (or if you do any macro investing), you may possibly want to verify out the newest economics blog discussion about the huge adjust that happened in the late ’70s and early ’80s. Here’s a post by the University of Chicago economist John Cochrane, and here’s one by Oxford’s Simon Wren-Lewis that includes links to most of the other contributions.
President Barack Obama arrived in Greece Tuesday for the start of a weeklong trip overseas that will be dominated by efforts to assure nervous globe leaders of continuity in U.S. alliances and key policies in the wake of Donald Trump’s election victory. The United States has a developing mis-match in the industrial capacity it has built and the industrial capacity that is valuable. This mis-match should be worked off…there is not an more than evening remedy to this issue.
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