The WSJ wants to pretend that Barack Obama is responsible for Canada making a good decision: Prime Minister Stephen Harper and President Nicolas Sarkozy of France signed an agreement Friday…

…shorthand rule for declaring a recession is back-to-back quarters of negative growth. The semiofficial recession judge, the National Bureau of Economic Research, has a more complex formula, but I am…

…was very timely and the tax cut hit before the recession ended. I lived through the 1975 recession and remember clearly that the tax cuts played a major role in…

…So the graph starts 6 months before each recession started.) I’ve said it before, but it’s worth repeating: Bush was not responsible for the recession, in my opinion. However, he…

…a respectable 6.9%, that’s actually pretty low for the period immediately after a recession. In the year after the 1974-75 recession, nonresidential investment grew by 9.6%. The year after the…

…recoveries from milder recessions take longer to generate jobs. The two mildest recessions in postwar US history have been the two Bush recessions. And those are the two that took…

…to settle down between recessions, and the tumble down of Std Dev in the early 60’s as the high Std Dev values of the the 1960 recession fell out of…

…at the onset of a recession. But let’s start exploring with Keynes and go from there. Here is Keynes in Chapter 22 of General Theory… “Thus the remedy for the…

…capital (orange) rises above the rate for labor income (light blue). Utilization of capital is developed faster than labor income. Then labor income overtakes capital production before the next recession….

…followed parallel to the CBO projection… and then moved with real GDP after the recession. The economy had a normal recovery from the recession. 2001 Recession In 2000, real GDP…