Archives for: July 2011, 01
07/01/11
09:32:02 pm, by editor of MarketObservation.com 
, 90 words 
Categories: Economics United States, Economics Europe
Source: Tim Iacono
The Institute for Supply Management reported that activity in the manufacturing sector expanded for the 23rd straight month in June, the ISM Index rising from 53.5 in May to 55.3 last month, surpassing analysts’ estimates for a read… more »
This is an important study, as economies basically need innovators and entrepreneurs for long run prosperity. It is not a surprise that free market oriented, not too heavily regulated countries top the rankings:
INSEAD: The Global Innovation Index 201… more »
Hans-Werner Sinn points out in his latest article that it is time to face the fact that Europe’s peripheral countries have to shrink their nominal GDP to regain competitiveness:
Project Syndicate: Farewell to the Euro?, June 30, 2011
He is again he… more »
Interesting new paper by the St. Louis Fed, measuring the size of the shadow economy of a country. Not surprisingly, the marginal tax rate and inflation are major parameters of the model.Quantifying the Shadow Economy: Measurement with Theory, by Ped… more »
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