Economics Schools' Score

Keynes 2 Hayek 0

The American economy is continuing to beat expectations, especially relative to the performance of many economies around the globe. And that's sending the U.S. dollar surging.

On Tuesday, the Commerce Department announced that in the third quarter, gross domestic product rose at a seasonally adjusted annual rate of 5.0 percent, nicely above the earlier estimate of 3.9 percent. Consequently, the U.S. dollar index, which compares the U.S. dollar to a basket of six currencies, jumped to the highest level since April 2006 on Tuesday. http://www.cnbc.com/id/102292627#.

The sputtering engine

Is Germany’s economy getting too weak to pull Europe out of its crisis?

Nov 20th 2014, 13:38 From the print edition

“THE world cannot afford a European lost decade,” says Jacob Lew, America’s treasury secretary. The latest European figures were uninspiring. In the third quarter the euro zone grew by just 0.6% at an annualised rate.

http://www.economist.com/news/europe/21633832-germanys-economy-getting-too-weak-pull-europe-out-its-crisis-sputtering-engine?zid=307&ah=5e80419d1bc9821ebe173f4f0f060a07

Opinion of Paul Hunter paulhunter45177@gmail.com