inventories

Signs of Life? Part 2

by on December 5, 2013

Yesterday's reports of economic strength have been followed by a couple of similar reports today. We are spoiled by good news. Well sort of.

The [more…]

US Economy Grows 2.8%

by on November 7, 2013

Don't get too carried away by today's report on the economy. Growth of 2.8% in the third quarter is nothing to be happy about because [more…]

More Sideways Than Up

by on April 29, 2013

The economy just can't get on a roll. We managed to get passed the slow down of late last year only to run full square [more…]

Growth, But Barely?

by on February 28, 2013

Today's headline is that the economy grew, just, in the fourth quarter last year. GDP rose at an annual rate of 0.1%, down from 3.1% [more…]

A Mixed Week Ends Well

by on February 1, 2013

There was a flurry of economic news this week, most of which was encouraging. The economy is in decent shape. Not great, just decent.

We [more…]

The Economy Trips Up – Or Does It?

by on January 30, 2013

Oh dear. Two days ago I suggested things were looking up. Today we hear about fourth quarter economic growth. GDP - the measure we use, [more…]

Update On The Economy

by on November 29, 2012

It's been a long break occasioned by a string of visitors. What happened in the interim? Not a whole lot. Washington is now deeply immersed [more…]

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…]

GDP Revised Downwards

by on November 22, 2011

I don't think there was too much surprise, except, of course, amongst the Wall Street stock market shills, in today's announcement that third quarter GDP [more…]