Tag Archives: GDP
Slip Back Economics
What’s this? Has the U.S. consumer, the primary engine of economic growth, become ambivalent? This is what the latest data says… According to the Thomas Reuters/University of Michigan’s early July index reading, consumer sentiment is 81.3. This is below the … Continue reading
Economic Blasphemy
Last week the Bureau of Economic Analysis made a revision. You may have heard about it. According to the government statisticians, first quarter GDP didn’t decline at an annual rate of 0.1 percent as previously estimated. Actually, when they re-counted … Continue reading
Give Trains a Chance
Chinese exports and imports slipped in March. According to trade data from Beijing released Wednesday, exports declined 6.6 percent from this time last year. Moreover, imports dropped 11.3 percent. If you can believe it, China’s first quarter GDP rose just … Continue reading
Total Abandonment of the Rules of Common Sense
U.S. consumers are doing what they do best. After a six year hiatus, they’re back at it. Consumers are eagerly borrowing money. What’s more, they’re spending it! According to the Federal Reserve Bank of New York, U.S. consumer debt rose … Continue reading
