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On that basis Mr White thinks the Fed was right to pursue the first round of quantitative easing, since nominal GDP was falling, but wrong to pursue a second round with activity recovering.
ECONOMIST: Buttonwood
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By the second week, activity had picked up slightly, though workers at the site said it was averaging just 300 bicycles per day, well below capacity and a tiny proportion of the roughly 200, 000 people who were attending Olympic Park events on peak days.
WSJ: Menu
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Second-to-second changes in its activity might, though, be expected to be correlated with changes in the amygdalas, because of its role in regulating them. fMRI allows such correlations to be measured.
ECONOMIST: Urban brains behave differently from rural ones