Radio commentary, April 30, 2009
A review of some of the headlines before hitting some big-picture stuff. unemployment claims: easing a tad More tentative signs of some slight gloom-lifting in the job market. First-time claims for...
View ArticleStimPak still stimulating
The Congressional Budget Office (CBO) is out with its latest estimates of the effects of the stimulus package—officially the American Reinvestment and Recovery Act (ARRA)—on employment and incomes. For...
View ArticleFed sees a gloomier future
The Federal Reserve is just out with its latest economic projections. Since the last edition in June, they’ve turned gloomier for the short, medium, and long term. They see growth as slower, and...
View ArticleGDP revisions: not a conspiracy, Jack
The irrepressible Jack Rasmus, who never tires of displaying his ignorance, has a piece up on Counterpunch (“Economic Recovery by Statistical Manipulation”) on the recent revisions to the U.S. national...
View ArticleResponse to Rasmus
Here’s my response to Jack Rasmus’ complaint about my fact-checking him (“GDP revisions: not a conspiracy, Jack”). His words are in purple italics; mine, in normal type. GDP for 2012, as I pointed out...
View ArticleGDP etc. in a deep funk
By the way, here’s a graph of actual real U.S. GDP and its major components relative to their long-term (1970–2007) trendlines through the end of 2013. Note how things fell off a cliff in the...
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