90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
The 2014 U.S. Economic Outlook

We take on the economic outlook for 2014, the new year ahead. We’ll look at what’s working, what’s not and what’s coming for the U.S. economy.

A trader wears glasses celebrating the new year while working on the floor at the New York Stock Exchange in New York, Tuesday, Dec. 31, 2013. (AP)

A trader wears glasses celebrating the new year while working on the floor at the New York Stock Exchange in New York, Tuesday, Dec. 31, 2013. (AP)

Every New Year for years, it’s been the same.  This year will be the year the US economy finally takes off, we’ve heard.  And then it hasn’t.  Now it’s 2014’s turn.  Happy New Year!  This could be it.  And this time, the economic seers say they really, really mean it.  Not boom times, they say.  But strong growth on the way that should feel distinctly different.  And better.  We’ve shaken off debt.  We’re an energy powerhouse.  Washington’s chilling out.  Good times, maybe.  But for whom?  This hour On Point:  the economy in 2014.

– Tom Ashbrook

Guests

Mark Zandi, chief economist for Moody’s Analytics. Author of “Paying the Price: Ending the Great Recession and Beginning a New American Century” and “Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis.” (@dismalscientist)

Heidi Moore, U.S. finance and economics editor for The Guardian. (@moorehn)

From Tom’s Reading List

The Guardian: Global economy set to grow faster in 2014, with less risk of sudden shocks – “The threat, for example, of a eurozone implosion, another government shutdown or debt-ceiling fight in the US, a hard landing in China, or a war between Israel and Iran over nuclear proliferation, will be far more subdued. Still, most advanced economies (the US, the eurozone, Japan, the UK, Australia, and Canada) will barely reach potential growth, or will remain below it.”

Moody’s Analytics: U.S. Macro Outlook 2014: A Breakout Year? — “Preconditions are in place for much stronger economic growth in 2014. The path won’t be straight up, and significant hurdles remain, including Congress’ budget battles and the winding down of the Fed’s bond-buying program. But the U.S. economy’s fundamentals are strong.”

Wall Street Journal: Winners of 2013: Boring Investors — “In the best year for U.S. stocks since 1995, the smart way to play the markets has been to follow the dumb money. So-called dumb-money strategies, which involve buying and holding a plain-vanilla portfolio of U.S. stocks, did much better than the more complex approaches employed by hedge funds and other professional investors.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Oct 24, 2014
Ottawa police officers, with Parliament Hill in the background, guard the area around the National War Memorial in downtown Ottawa on Thursday. (Reuters/Landov)

Gunfire in Canada’s capital. Billionaire millions hit the midterms. Huge airbag recall. Ben Bradlee is dead. Our weekly news roundtable goes behind the headlines.

Oct 24, 2014
Andrew (Miles Teller) and his often demanding conductor, Terrence (J.K. Simmons) in a scene from the new film, "Whiplash." (Courtesy Sony Pictures Classics)

The new movie “Whiplash”. The thin line between obsession and abuse on the road to greatness. In music, the arts…sports.

RECENT
SHOWS
Oct 24, 2014
Andrew (Miles Teller) and his often demanding conductor, Terrence (J.K. Simmons) in a scene from the new film, "Whiplash." (Courtesy Sony Pictures Classics)

The new movie “Whiplash”. The thin line between obsession and abuse on the road to greatness. In music, the arts…sports.

 
Oct 24, 2014
Ottawa police officers, with Parliament Hill in the background, guard the area around the National War Memorial in downtown Ottawa on Thursday. (Reuters/Landov)

Gunfire in Canada’s capital. Billionaire millions hit the midterms. Huge airbag recall. Ben Bradlee is dead. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
The Explicast, Episode Two: Why Is Election Day On A Tuesday?
Friday, Oct 24, 2014

The Explicast is back for another round. This time, we’re looking at Election Day, and why we all keep voting on a random Tuesday in early November.

More »
Comment
 
Our Week In The Web: October 24, 2014
Friday, Oct 24, 2014

On comments, comment sections, and ROY G BIV.

More »
Comment
 
Introducing The Explicast: A New Podcast From On Point Radio
Friday, Oct 17, 2014

Confused about the news? Don’t worry: so are we sometimes! Introducing a new On Point Radio podcast: The Explicast. You can find Episode One right here.

More »
3 Comments