Economic Insights – July 2011

This month, we’d like to briefly explain how the Business Briefings Editors see three key issues: The current economic situation. The aftermath of quantitative easing. The medium-term direction and implications of U.S. fiscal policy. Let’s start with the current economic situation.  As discussed in previous issues, the current economic environment has suffered some serious shocks, including the near-default of Greece and the disruptive earthquakes, floods, and storms that struck Japan and the U.S. South and Midwest.  Fortunately, these crises have either diminished or they’ve been temporarily ameliorated.  And now, we’re starting to see some positive developments.  For instance, the U.S. manufacturing sector is already re-accelerating from the Japan-related supply chain disruptions that afflicted it in April and May.  The ISM...

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