…in the economy, given that this capital stock is made up of a vast number of heterogeneous goods, from jackhammers to hard drives. And that was, in fact, the issue…

…what difference does it make that most of US production is production of non traded goods and services. Gravelle claims that this implies a lower long run effect of the…

…goods, cars and steel. Cars are a final good, sold to consumers; steel is an input into car production. I’m going to assume that both countries end up producing cars….

…the buffer stock is not limited to the permanent employment of workers in the provision of public goods, it will have to expand the social definition of acceptable market work….

…not. 4. Goods-producing employment has been soaring . . . BUT This graph comes from Matt O’Brien at the Washington Post. Goods producing jobs have recently risen at 35 year…

…caution flag going forward. 5. Fraying at the edges #2: growth in goods producing jobs may be stalling The YoY growth in goods-producing employment is an excellent leading indicator. It…

…compare real goods imports to real goods GDP. On this basis imports are some 46% of GDP, a much larger share than standard analysis shows. (second chart fixed….Dan) This impacts…

…was on necessities compared to only around 40 percent now. But Dahlberg raised the issue that wages are determined by bargaining and the shift away from spontaneously-demanded goods and services…

…by 0.2% last February, the composite price index of all goods less food and energy goods was 0.2% lower in February, while the more heavily weighted composite for all services…

…us the relative change in the output of goods and services that our spending indicated….this report also provides us with the nation’s personal income data, disposable personal income, which is…