Bill Watkins & Dan Hamilton On January 26th, the blogger named Effective Demand commented on our January 25-th entry “Targeting Nominal GDP, Purchasing Homes, and Economic Recovery”. We thank you for your comment. We agree […]
Read moreWe are thrilled to see the first estimate of the 4th quarter GDP come in way above our forecast, but we wish we had forecast the change. We do expect to see the initial estimate […]
Read moreBill Watkins and Dan Hamilton Scott Sumner maintains a blog in which he has argued that the FED should not target interest rates, but instead target nominal GDP. When the economy experiences a Liquidity Trap, […]
Read moreThe Oregon Employment Department’s Labor Market Information System released December 2009 jobs and employment data for Oregon’s counties today. In most respects, Central Oregon’s labor market is not significantly changed from November, and very close […]
Read moreThe December California jobs report, out today, shows that the seasonally-adjusted unemployment rate held steady from November at 12.4 percent. The year-on-year job declines subsided from November’s -4.2 percent to -3.9 percent in December. The […]
Read moreToday’s Oregon jobs report for December shows mixed results in the State’s job market. The OES’s Labor Market Information System provided the December estimates for the state this morning and will provide them for Oregon’s […]
Read moreToday’s data releases highlight the challenges facing those who claim we are in a recovery. The December retail sales volume, down 0.3 percent from November, was perhaps the most shocking number to the optimists out […]
Read moreOur governor wants a constitutional amendment to require that 10 percent of state revenues go to higher education. This sounds good, but it really is bad policy in several ways: One of our current problems […]
Read moreThis morning’s December employment situation report showed certain signs of improvement that do indicate a positive trend. However, the fourth quarter of 2009 ended down, consistent with our forecast. The November jobs number was revised […]
Read moreI ran across this Robert Scheer piece in The Nation. Sheer laments the fact that the Obama administration seems determined to not bring back the Glass-Steagall Act, while McCain is trying to reinstate the regulation. […]
Read moreLos Angeles County’s November jobs report showed a moderating unemployment rate of 12.2 percent, down from 12.5 percent in October, due to a decline in the labor force. Payroll job declines improved from 3.8 percent […]
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