Recent Retail Sales data, October and November, have been relatively strong for an economy that is barely recovering from the Great Recession. Recent personal consumption expenditures, the national account data that is much broader than […]
Read moreA lot of state governments are in trouble, afflicted as they are with high expenses and weak revenues. They need to be thinking clearly if they are to have any hope of solving their problems. […]
Read moreThe Federal Reserve released its third quarter Flow of Funds report, which includes measures of debt accumulation and household sector wealth. This data is fundamental to the applied New Classical macroeconomist as wealth is believed […]
Read morePeople who know me know that I’m a big supporter of increased immigration. A surge of new educated immigrants would create an economic boom, solve our housing issues, and reinvigorate our cities. Actually, I’d go […]
Read moreThe Labor Department’s jobs report for November indicates that job growth has slowed and unemployment has risen from October. We had forecasted a gain of 50 thousand jobs and a steady unemployment rate. The actuals […]
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