Growth is relative. In the U.S., we thought it was good news when the economy started growing again at a rate of 3+%. During the Obama Administration, when the economy…
Furman: Economy Growing Faster Than Government Says
So how fast is the economy really growing? Estimates for growth in gross domestic product (GDP) for the second quarter of 2018 range from 3.8% to 4.8%, but the Bureau…
Faster Growth. But For How Long?
The only thing everyone seems to agree about when it comes to the U.S. economy is that it is in better shape that other economies throughout the world. Estimates for…
U.S. Economy Performing Like New England Patriots
The U.S. economy, like The New England Patriots last year, did not perform at its best during the first quarter. Gross Domestic Product (GDP) grew at a 2.3% annual rate,…
Tax Reform: A Recipe for Faster Growth
While one of the longest economic recoveries in U.S. history is still taking place, the current economic expansion has been disappointingly dull. Keynesians in the Obama administration claimed that 2%…
The Flim-Flam Economy
The absurdity of today’s flim-flam economy can be summarized when the events of the past week are considered together: The U.S. economy grew at an annualized rate of just 0.5%…
Fed Family Feud
Is it a mutiny? A family feud? Sibling rivalry? Or an attempt to provide more accurate estimates of economic growth? Greater accuracy would certainly be a good thing, but that…
Yellen’s Soliloquy: To Raise or Not to Raise
To raise, or not to raise – that is the question: Whether ’tis nobler in the mind to suffer The barbs and insults of outraged pundits and journalists Or to…
How Low Can You Go?
The weather has done it again. The U.S. Bureau of Labor Statistics last week reported annualized growth of a piddling 0.2% for the first quarter of 2015. The culprit, of…
The Year of “May”
We’re well into January, but 2014 demanded a bit of reflection before commenting. Was it a good year or a bad year? We still don’t know. We’re calling it the…