Hypothetical Bias

DBT: Brighter than Creation's Dark

From Twangville:

New Releases: Brighter Than Creation's Dark

Full album stream: http://play.rhapsody.com/thedrivebytruckers/brighterthancreationsdark

Subject line question

I assigned a take home quiz in class today. It is due by Friday at 5 pm via e-mail. One student asked what they should put in the subject line. I said "hi."

ECO 2040: Weak GDP

Behind Weak GDP ...

Fourth-quarter growth was weaker than expected, but not as weak as the headline suggested. Real gross domestic product grew at a 0.6% annual rate, well below the 1.2% consensus. But most of the surprise was in inventories, which actually declined.

Macro links

• Lags in fiscal policy
• Is it Still 'Stimulus' if it takes five months?

ECO 2040: Links for the Fed Rate Cut

In reverse chronological order:

• What's Next After an Inter-meeting Move?
• Another Day, Another Dollar
• Fed Statement on 3/4-Point Cut
• Fed Model: Less than 10% Recession Odds?
• A 75 Point Cut? A Week Early? The Fed Doesn't Mess Around!