Liveblogging World War II: April 25, 1942
Justin Wolfers Has Questions for Ben Bernanke: Optimal Monetary Policy Blogging Department

The "Recovery" in the G7

Why UK GDP continues to lag the G7 | Gavyn Davies | Insight into macroeconomics and the financial markets from the Financial Times  FT com

Bearing in mind that the U.S. has--or ought to have--a growing population, its trend growth rate ought to be about 1%/year faster than Europe. That means that, correcting for and relative to (what ought to be) the long-term trend, the U.S.'s cyclical performance is down with the U.K. and Italy…