Real Time Economics

Real Time Economics


Economic insight from The Wall Street Journal. Want more? Sign up for our daily Real Time Economics newsletter: https://t.co/HX7UM0pmuK

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Extra jobless benefits and stimulus payments increased the savings of unemployed Americans, a new study shows. That money is now running low—and so is the boost it gave the economy

China said its economy grew 4.9% in the third quarter from a year earlier, which was slower than expected

New applications for unemployment benefits this month fell to the lowest levels since the coronavirus pandemic shut many businesses in March, a sign of improvement for the U.S. economy.

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Existing-home sales rose 9.4% in September from August to a seasonally adjusted annual rate of 6.54 million, the highest rate since May 2006, the National Association of Realtors said. The September sales marked a 20.9% increase from a year earlier.

The market turmoil triggered by the coronavirus pandemic early this year uncovered weaknesses in the U.S. financial system that regulators are seeking to fix, says the Fed's Randal Quarles.

Since March, President Trump has approved a head-spinning series of actions to confront China. Three big changes account for the administration’s shift, according to the current and former officials in Washington:

Richard Clarida, the central bank’s No. 2 official, says easy monetary policy and more government spending will be needed.

Government borrowing in the eurozone surged this spring to its highest levels since the creation of the currency union.

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The U.S. imposed visa and export restrictions on Chinese state-owned companies and their executives involved in advancing Beijing’s territorial claims in the contested South China Sea

Complaints about China have piled up in Western capitals in recent years, but it took Beijing’s new curbs on Hong Kong’s autonomy to galvanize them around something approaching a common cause.

The bottom half of all U.S. households have 32% less wealth than in 2003. The top 1% have more than twice as much as they did then.

The U.S. national debt will rise to 98% of GDP by 2030, CBO projects

Oil price winners and losers around the globe

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Presidential candidate Andrew Yang says his universal basic income policy would prepare people for the 21st-century economy: "We need to wake America up to the fact that it is not immigrants that are causing these [job] dislocations, it's technology." #WSJFuture 

Winners and losers from the plunge in oil prices, for almost every country on the map

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How much you have to earn to be in the 1%: $506,000 in New York $438,000 in California $263,000 in Mississippi

Economists last January said crude oil would end 2014 at $94.65/barrel. Final 2014 close: $53.27

Joe Biden wants to raise taxes by about $4 trillion over a decade to finance his ambitious agenda. Democratic control of the Senate is the key to getting any of that done.

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