Gross Domestic Product

Illinois' Economic Growth Is Worse Than During The Great Depression

America’s Great Depression started off worse from 1930-1932, but the recovery came on stronger. By contrast, Illinois did not have as steep of a fall during the first years of the Great Recession, but Illinois’ recovery from the Great Recession has been abysmal.

Frontrunning: June 8

  • U.K. Election Remains Tight as Voters Head to the Polls (WSJ)
  • Trump Will Be Watching Comey Just Like the Rest of Us (BBG)
  • What we know about U.S. probes of Russian meddling in 2016 election (Reuters)
  • ECB Drops Reference to Future Interest-Rate Cut (WSJ)
  • Euro zone growth revised up to highest rate in two years (Reuters)

Reuters Goes To China, Discovers "Ghost Collateral"

"The first time I went, I saw the steel,” recalled Wang, an attorney at Beijing DHH Law Firm, which represents the Shanghai branch of CITIC. "Afterwards, the banker got in contact with me and said, ‘The pledged assets are no longer there"