I though a little different perspective on the impact of trade on the real GDP accounts might be interesting. The first chart is of imports market share, or imports as a share of what we purchase in the US. In the second quarter of this year imports market share rebounded to about where it was […]
Robert Waldmann Paul Krugman asks a rhetorical question which I dare to answer. He is still considering Kocherlakota’s argument that low interest rates imposed by the monetary authority must cause deflation. “First of all, if inflation isn’t sticky, how is it that the Fed can set short-term interest rates at all?” Second of all, there […]
by Bruce Webb Dean asks: 1) How much higher are real wages projected to be in 2040 than today? In other words, how much richer do we expect the average worker to be 30 years from now? 2) How did the 2010 Trustees Report change the projections for 2040 wages compared with the 2009 report? […]
by Mike KimelCross posted at the Presimetrics blog Employment During Recoveries from Recessions – Long Term Trends The following graph of the employment to population ratio was obtained from the Federal Reserve Economic Database (FRED). The employment to population ratio shows the percentage of American civilians age 16 and over that happen to be employed. […]
by Linda Bealecrossposted with Ataxingmatter Offshore Banking Secrecy–more on the UBS case The IRS announced today that the Swiss government has completed its processing of the 4450 UBS accounts of U.S. taxpayers that were the subject of the August 2009 agreement for deferred prosecution of UBS and ending of the John Doe summons request. The […]
I don’t see mentioned how much money is given to each organization nor how that fits into each organization’s overall funding sources, but the big names in think tanks and such are well connected. By Muckety.com
Busy week, so just a couple of things of note. Via Dr. Black, my old neighborhood gets a chance to build a better future: “It’s a great partnership among a number of researchers from academia, the private sector and national laboratories. It’s a great collaboration for a solid project that will help the environment,” said […]
Op-ed by Rdan The problem with Simpson’s statement about 300 million tits was not that it was sexist. The problem with Simpson’s statement was that it was wrong as to the facts and arrogant as to the needs of most people. The call for his ouster is another example of liberals shooting themselves in the […]
With the downward revision of second quarter real GDP growth from a 2.4% growth rate reported in the advance report to 1.6% reported in the first revision, real GDP in the first year of recovery now appears to be 3%. As was originally reported this is still stronger than the first year of recovery in […]