US Job Market Update

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For an interesting analysis of certain long-term trends in the US labor market, see:
 When the Job- Creation Engines Stop at Just One

Thursday Oct 4 Highlights

Economist Ken Rogoff on Technology and the Future of Jobs

http://www.project-syndicate.org/commentary/technology-unemployment-jobs-internet-by-kenneth-rogoff

Economist Joseph Stiglitz on the Limited Effects of Monetary Stimulus

http://www.project-syndicate.org/commentary/quantitative-easing-3--qe3--and-the-problems-of-the-fed-and-ecb-s-expansionary-monetary-policy-by-joseph-e--stiglitz

Richard Posner Highlights Major Flaws in the US Patent System

http://www.becker-posner-blog.com/2012/09/do-patent-and-copyright-law-restrict-competition-and-creativity-excessively-posner.html

Predicting Revolutions

http://news.bbc.co.uk/today/hi/today/newsid_9757000/9757181.stm

World's Best Universities

The 2012-2013 Global University Rankings (Times Higher Ed) is out:

http://www.timeshighereducation.co.uk/world-university-rankings/2012-13/world-ranking

Forecasting Unemployment Rate

Some excellent new research on forecasting US unemployment rates:

Research Paper:

http://www.brookings.edu/~/media/Projects/BPEA/Fall%202012/2012%20fall%20barnichon.pdf

Asset Returns Over the Long Run

Auto Sales and Underlying Economic Conditions

Auto Sales – US vs. Europe

Auto sales appear headed in different directions in the US (up) and Europe (down):

Europe Expecting Worst Annual Auto Sales in 17 Years

http://www.spiegel.de/international/business/auto-sales-in-germany-slump-in-september-joining-european-trend-a-859221.html

US Sales Reach 4 Year Highs

http://www.nytimes.com/2012/10/03/business/g-m-and-ford-post-lackluster-sales.html

Thought Provoking Issues

Martin Wolf’s interesting take on Robert Gordon’s much discussed paper (Is US Economic Growth Over?):

http://www.ft.com/cms/s/0/78e883fa-0bef-11e2-8032-00144feabdc0.html#ixzz28BBTpagX

Baumol’s cost disease and health care expenditure

http://www.economist.com/node/21563714

On correlation and causation

http://www.slate.com/articles/health_and_science/science/2012/10/correlation_does_not_imply_causation_how_the_internet_fell_in_love_with_a_stats_class_clich_.single.html