The BEA’s second estimate of United States third quarter economic growth was released this morning. The revision from the first estimate of 2.0 percent growth was an increase of half a percent to 2.5 percent […]
Read moreDaryl G. Jones has a piece in Fortune titled Why the housing bulls are wrong. He’s correct about the housing bulls being wrong, but his reasons aren’t all that convincing to me. Here’s the reason housing […]
Read moreThe 2009 state-by-state real GDP growth rate estimates were released by the BEA this morning. Given that 2009 was a pivotal year in the Great Recession, we saw lots of variability. There were 38 state […]
Read moreThe BLS provided the October Consumer Price Index release today. The October core CPI year-on-year growth was 0.6 percent. This is the lowest growth of this measure since 1957. This rate of growth is low […]
Read moreDespite positive United States economic growth since the third quarter of 2009, job growth continues to be weak, indeed negative until recently. Separately, I have argued that the Fed should be patient and wait for […]
Read moreLet’s see: The President wants to double exports in five years.* The Treasury is the appropriate department to create and implement a plan to double exports. Tim Geithner runs the Treasury. Tim Geithner denies deliberately […]
Read morePeople are getting excited because China’s economy is expected to soon exceed the United States economy in size. They seem to think this is bad. Here’s an example. This is really a stupid thing to […]
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