Morning Journal-the employment to unemployment ratio

Economics

This Week’s Data

The initial second quarter GDP reading came in at +1.5% versus expectations of +1.2%; the GDP price deflator was +1.6%, in line with estimates

The employment to unemployment ratio (short):
http://www.capitalspectator.com/archives/2012/07/the_employedtou.html#more

Rail traffic still expanding (short):
http://pragcap.com/rail-traffic-still-chugging-along-3

Goldman analyzes past periods of stagnation and compares it to the present (short):
http://www.zerohedge.com/news/us-not-japan-or-your-average-stagnation-it-much-worse

Thoughts on the Chinese economy---or at least what the reports say (medium):
http://www.zerohedge.com/news/guest-post-4-reasons-why-you-should-stop-believing-chinese-leadership