Relevant and even prescient commentary on news, politics and the economy.

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4th Quarter GDP Lower and PCE

…is here… Growth of real personal consumption expenditures (PCE), the largest component of GDP, was revised from a growth rate of 3.1% to an overall 2.5% growth rate in this 3rd…

Fastest wage growth over the last four years

…by Elise Gould and Katherine deCourcy Economic Policy Institute Fastest wage growth over the last four years among historically disadvantaged groups: Low-wage workers’ wages surged after decades of slow growth,…

Trade and Growth

…administration of economic policies promote economic growth – still seems to remain valid.” “Trade, regulations, and growth” by Caroline Freund and Bineswaree Bolaky, April 2004. “Trade does not stimulate growth