They keep calling it a ‘soft patch’ in my business; but when’s the data going to show otherwise? This soft patch is persistent, and durable goods orders confirm it into Q2 2011. Note: The ‘all manufacturing’ orders Y/Y growth rate are available through March only in Datastream for the chart above; the nondefense capital goods […]
Guest post by Mark Provost Why the Rich Love High Unemploymentvia Truthout Christina Romer, former member of President Obama’s Council of Economic Advisors, accuses the administration of “shamefully ignoring” the unemployed. Paul Krugman echoes her concerns, observing that Washington has lost interest in “the forgotten millions.” America’s unemployed have been ignored and forgotten, but they […]
by Mike Kimel I recently got an e-mail from a fellow blogger asking me to link a list that blogger made of “top X” economics blogs. (And no, I will not link to the list or identify that blogger.) My response: Hi. Umm…. I looked over your list, and while there are some very good […]
This week further evidence has emerged of Germany’s slowing growth trajectory. At 4.9% annual growth (calendar-adjusted) and a tightening bias from the ECB, this was, of course, to be expected. READ MORE AFTER THE JUMP!Yesterday the Manufacturing May ‘Flash’ PMI by Markit Research highlighted, in my view, that sentiment is unlikely to remain at these […]
by Mike Kimel Tax Rates and Economic Growth Over Ten Year Time Horizons, plus Why a Flat Tax Would Result in Much Slower Economic Growth Last week I had a post looking at the the real GDP growth maximizing income tax rate using both top marginal income tax rates and and “average marginal” “all-in” tax […]
Besides her comments on the growing lack of influence of the AMA on Healthcare reform Maggie Mahar at Health Beat Blog writes about Medicare breaking the cost curve of the healthcare industry. Medicare Breaks the Inflation Curve Today, S&P released data tracking the growth of health care costs which showed that over the year ending […]
by Mike Kimel The Historical Relationship Between the S&P 500 and the Economy, Part 2: The Abrupt Rise of Short Term Investing Last week I had a post looking at how long it takes for events in the economy (in the guise of real GDP) to affect the stock market (represented by the S&P 500), […]
Around 6:00 or 7:00a.m. tomorrow, we should know if if Rev. Camping is correct or liable to be sued. This time. (He must read Frederic Sheehan.) I’m lucky; I get to spend most of the time at a swim meet. For the rest of you, just in case, a selection featuring Mr. Tom Waits:
Post stimulated by Steve Benen. Content due to John Quiggin. This is arithmetic “Arithmetic tells us there are two ways to achieve the goal: the government can bring in more money and put out less.”This isn’t “a combination of cuts and tax increases were necessary when the deficit got really big” Revenue doesn’t come from […]