Headlines from Across the MAP
Jul 01, 2021Real GDP growth in the United States came in at an annualized 6.4% in the first quarter. The Fed now estimates 7% GDP growth for all of 2021. That would be the highest level of growth since 1984. The latest inflation rate checked in at 5% over the previous 12 months. That is the highest level of inflation since 2008. Granted, these numbers are coming off a low base because of the pandemic. We can’t expect this to last.
- The Wall Street Journal: "Car Sales Continue Hot Streak but Market Shows Signs of Cooling"
- The Wall Street Journal: "Amazon Demands One More Thing From Some Vendors: A Piece of Their Company"
- The Diff: "We are All Buffettologists Now"
- A Wealth of Common Sense: "Why Aren’t Interest Rates Higher"
- Visual Capitalist: "Visualizing 50+ Years of the G20's Energy Mix"
- CNBC: "Microsoft and OpenAI have a new A.I. tool that will give coding suggestions to software developers"
- Forbes: "Artificial Intelligence Has Caused A 50% To 70% Decrease In Wages—Creating Income Inequality And Threatening Millions Of Jobs"
- Slate: "Silicon Valley Thought India Was Its Future. Now Everything Has Changed."
- Harvard Business Review: "Research: When a Higher Minimum Wage Leads to Lower Compensation"
- Bloomberg: "Bond Anomalies Have Been Around Since Napoleon"
