Economic Drift

by on May 31, 2012

We are at sea. Adrift. Going nowhere. Wallowing about with little direction. Not sinking. Not soaring. Just floating. Just.

Today's GDP numbers validate the view [more…]

US Growth Picks Up – A Bit

by on January 27, 2012

Be careful with today's report on US GDP. It looks better than it is. The headlines all read that the US economic activity accelerated in [more…]

The Economy Grows! So What?

by on October 27, 2011

The enormous sigh of relief we heard this morning when the GDP figures for the third quarter were released is absurd. I realize I am [more…]

Stagnation Watch: GDP, Jobs, And Confidence

by on September 29, 2011

We are almost at a point where we can all take a month or so off after which we would return to be met by [more…]

Stagnation Watch: GDP Wobbles

by on July 29, 2011

I will comment shortly about the farce that is Washington, but there is an economy to be concerned about. Not that anyone in Washington seems [more…]

US Trade Gap Worsens: Oil. What’s New?

by on July 12, 2011

Today's trade report is not good. The gap between imports and exports rose to $50.2 billion in May. That's a 15% jump. By itself that [more…]

Trade Worsens; Realism at the Fed

by on May 11, 2011

A mixed bag today: the US trade gap widened, despite a good increase in exports; and Sandra Pianalto, the head of the Cleveland Fed, made [more…]

The Economy Slows Down

by on April 28, 2011

As we all thought, our economic growth slowed dramatically in the first quarter this year. The headline figure you will be reading about is 1.8% [more…]

Jobs and Trade: News, But Not New

by on March 10, 2011

Neither the trade deficit news, nor the report on new claims for unemployment assistance should surprise us. They shouldn't upset us too much either.

The [more…]

Quick Comment: Trade

by on February 11, 2011

Today's report tells us that the US trade balance worsened 5.9% in December to $40.6 billion, which ends a period of improvement and could potentially [more…]