Turning Point for the Global Economy

Meanwhile,
Stephen Roach on the Renminbi and US Trade Imbalances:
http://www.project-syndicate.org/print/stephen-s--roach-assesses-the-damage-caused-by-america-s-renewed-focus-on-the-chinese-currency-s-exchange-rate

US 2014 Q1 GDP - First Estimate

US Economic Update:

http://www.bloomberg.com/news/2014-04-30/economy-in-u-s-stalls-as-business-investment-exports-drop.html

http://www.washingtonpost.com/opinions/robert-samuelson-another-housing-bust/2014/04/30/b0448d6e-d07c-11e3-937f-d3026234b51c_story.html

Wealth and Happiness

Qatar - which now boasts the highest per-capita income in the world - does not appear to be teeming with happy citizens:
http://www.bbc.com/news/magazine-27142647

Weekend Readings

Ecologists versus Economists – The Resource Constraint Debate

http://online.wsj.com/news/articles/SB10001424052702304279904579517862612287156

The Super-Rich and the Tax System

http://www.nytimes.com/2014/04/18/business/merely-rich-and-superrich-the-tax-gap-is-narrowing.html

The Housing Market

http://www.nytimes.com/2014/04/27/upshot/the-housing-market-is-still-holding-back-the-economy-heres-why.html

Demographic Shift and the Future

http://www.economist.com/news/briefing/21601248-generation-old-people-about-change-global-economy-they-will-not-all-do-so

Capitalism, Growth and Distribution

College Education - A Good Investment?

Interesting op-ed:
http://www.washingtonpost.com/opinions/catherine-rampell-college-is-not-a-losing-investment/2014/04/24/b888eac8-cbd2-11e3-95f7-7ecdde72d2ea_story.html

Apple Stock

Clustering Effect - Economic Geography Matters

Evidence of Clustering – Interesting Graphics

http://www.theatlanticcities.com/jobs-and-economy/2014/03/dozen-regional-powerhouses-driving-us-economy/8575/

http://www.theatlanticcities.com/jobs-and-economy/2014/02/where-good-and-bad-jobs-will-be-10-years-now/8470/

http://www.theatlanticcities.com/neighborhoods/2014/04/us-cities-where-college-grads-are-most-segregated-everyone-else/8803/

Solow and Cowen Review Piketty’s Capital

Robert Solow’s Review:

http://www.newrepublic.com/article/117429/capital-twenty-first-century-thomas-piketty-reviewed

Tyler Cowen’s Review:

http://www.foreignaffairs.com/articles/141218/tyler-cowen/capital-punishment

Related Posts:

http://vivekjayakumar.blogspot.com/2014/04/an-economist-becomes-star.html

http://vivekjayakumar.blogspot.com/2014/04/capital-and-new-gilded-age.html

Economic Development Issues

Africa Rising

Africa’s Tech Edge

http://www.theatlantic.com/magazine/archive/2014/05/africas-tech-edge/359808/

Africa Is Refuting the Usual Economic Pessimism

http://online.wsj.com/news/articles/SB10001424052702303603904579492100427297122

Brazil – In Need of a Productivity Boost

http://www.economist.com/news/americas/21600983-brazilian-workers-are-gloriously-unproductive-economy-grow-they-must-snap-out

Divergent Population Trends

http://yaleglobal.yale.edu/content/world-population-trends-signal-dangers-ahead

Real Estate - A Good Investment?

An article worth reading:

http://www.washingtonpost.com/opinions/catherine-rampell-americans-think-owning-a-home-is-better-for-them-than-it-is/2014/04/21/5e9f4dd2-c979-11e3-93eb-6c0037dde2ad_story.html

A key fact:

“Over the past century, housing prices have grown at a compound annual rate of just 0.3 percent once one adjusts for inflation…”