Advanced Countries - Economic Updates

Eurozone woes continue

http://www.nytimes.com/2014/08/30/business/international/European-economy-tries-to-find-its-way.html

Germany and Europe

http://theconversation.com/germany-should-help-itself-to-wage-hikes-and-tax-cuts-to-help-the-eurozone-31083

A fascinating analysis of two troubled economies:

http://yaleglobal.yale.edu/print/9454

Is US labor market becoming less flexible?

http://www.economist.com/news/finance-and-economics/21614159-americas-famously-flexible-labour-market-becoming-less-so-fluid-dynamics

The following NYT article includes a chart that shows an actual decline in median household income (inflation-adjusted) between June 2009 and June 2014:

http://www.nytimes.com/2014/08/21/upshot/why-the-middle-class-isnt-buying-talk-about-economic-good-times.html

Insights from Yale economist Stephen Roach:

http://www.project-syndicate.org/print/stephen-s--roach-warns-that-anemic-growth-is-leaving-developed-economies-vulnerable-to-a-recessionary-relapse