Bill McBride — Goldman's Hatzius: 10 Questions for 2013

Calculated Risk
Goldman's Hatzius: 10 Questions for 2013
Bill McBride

A peek into the output of Goldman's sectoral balances modeling aka "Godley modeling."

Warren Mosler — quick look ahead for the euro zone

In general, I don’t see anything good coming out of the current global political leadership.

Please let me know if I’m missing anything!

The Center of the Universe
quick look ahead for the euro zone
Warren Mosler

Chris Cook — Reality-based Economics

Message from Chris Cook to Gang8 on where he sees the monetary system headed.

Yahoo Groups | Gang8 - devoted to Creditary Economics
Reality-based Economics
cjenscook

Zero Hedge — Goldman's Fiscal Flow Chart

Zero Hedge
A Fiscal Flowchart For Dummies: Here Is What Happens Next

Submitted by Tyler Durden

Bill McBride — 2013 Housing Forecasts

Towards the end of each year I collect some housing forecasts for the following year. 

Here was a summary of forecasts for 2012. Right now it looks like new home sales will be around 370 thousand this year, and total starts around 770 thousand or so. Tom Lawler, John Burns and David Crowe (NAHB) were all very close on New Home sales for 2012. Lawler was the closest on housing starts.

The table below shows several forecasts for 2013. (several analysts were kind enough to share their forecasts - thanks!)

Calculated Risk
2013 Housing Forecasts
Bill McBride

Bill McBride — Economic Outlook: Where are we?

So there are some reasons for a little optimism, but it is difficult to make projections without knowing the budget agreement.

Calculated Risk
Economic Outlook: Where are we?
Bill McBride

Bill McBride summarizes Jan Hatzius on 2013 and beyond

Short summary. 

Hatzius uses a Godley-based model. He sees fiscal drag (taxes plus saving) declining.

Calculated Risk
Goldman Sachs: "Moving Over the Hump"
Bill McBride