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Category Archives: US economy
Lower deficits now, undermine our grandchildren’s future
It been quite a few weeks for the prophets of doom. R&R revealed they can’t handle a simple spreadsheet competently, and then try to claim a positive number is really a negative number. And who said they said there was … Read the rest of this entry
Posted in Economics, US economy
3 Comments
US national accounts – growth but for how long?
Last Friday (April 26, 2013), the US Bureau of Economic Analysis – published the – US National Income and Product Accounts – for the March-quarter 2013 (the advanced estimates – subject to later revision). The US economy continues to grow … Read the rest of this entry
Posted in US economy
6 Comments
US President engaging in economic vandalism
Last week (April 5, 2013), the – US Bureau of Labor Statistics – released their latest – Employment Situation – March 2013 – which showed that in seasonally adjusted terms, total employment decreased by 206,000 in March and the labour … Read the rest of this entry
Posted in US economy
12 Comments
US problems are cyclical not structural
Last week (March 28, 2013), the – US Bureau of Economic Analysis – released the – revised (third estimate) – fourth-quarter 2012 US National Accounts data, which showed that real GDP grew by 0.4 per cent in the December quarter … Read the rest of this entry
Posted in Economics, US economy
11 Comments
A chicken in every pot!
It is a busy day today with meetings in one capital city, then a presentation a bit later in the day in another city – so time is short. Over the weekend, I watched an episode of the recent Ken … Read the rest of this entry
Posted in Economics, US economy
6 Comments
Huge deficits are the real problem
I am still reeling from the incompetence of the EU, the German’s who pushed the deal, the ECB and the IMF who thought they could get away with stealing ordinary deposits when they had made such a big deal early … Read the rest of this entry
Posted in US economy
19 Comments
Mass unemployment – its all about demand
As I have said on enough occasions to earn the title of being a cracked record – the solution to mass unemployment is very simple – create enough jobs to satisfy the preferences for work of those who haven’t any. … Read the rest of this entry
Posted in US economy
5 Comments
US government has not exhausted its fiscal options
Today, I read a Bloomberg article – How the IMF Can Help Reduce Unemployment – which, in part, makes out that the IMF know what they are talking about when it comes to macroeconomic policy (that was the hilarious aspect). … Read the rest of this entry
Posted in US economy
14 Comments
The US labour market is still in a deplorable state
Last week (February 1, 2013), the – US Bureau of Labor Statistics – released their latest – Employment Situation – January 2013 – which showed that total “nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was … Read the rest of this entry
Posted in US economy
4 Comments
Exploring directions in fiscal policy
This blog extends the discussion in yesterday’s blog – Exploring pro-cyclical budget positions – which is why I am running them on consecutive days. Not that I think any of my readers (Austrian schoolers and other conservatives aside) have memory … Read the rest of this entry
Posted in Economics, US economy
1 Comment



