The first estimate of third quarter real GDP growth in the US was released yesterday. It showed the US economy expanded by an annualised rate of 4.9%. The Financial Times called this a “blisterin…| Michael Roberts Blog
The Sahm Rule refers to a 0.5% rise in unemployment from the bottom. Unemployment in this cycle got as low as 3.4% and just hit 3.9%.| Fortune
Last week, Zambia reached a deal for relief on nearly $4bn owed to private bondholders, raising hopes that a protracted debt restructuring by Africa’s second-largest copper producer was nearing its…| Michael Roberts Blog