…say that China has announced that its population declined. Many observers are skeptical about Chinese data. I’ve been at conferences when China released, say, new data on economic growth, and many people…
…any other country belonging to the Organization for Economic Cooperation and Development. According to the group, nearly 23% of American workers labor in low-paying jobs, compared with roughly 17 percent…
Housing under construction increases back close to record; good economic news, but ammunition for a hawkish Fed – by New Deal democrat Last month I wrote that “the Fed’s sledgehammer…
Kevin Quin at Econospeak brought this to our attention. In Memoriam: Robert Solow One of the tallest trees in the economic forest has fallen: Bob Solow has died at…
December real retail sales: the good economic news keeps on coming – by New Deal democrat The good economic news kept coming with this morning’s retail sales report for December….
…and apparently permanent government deficits are a substantial fiscal-ease factor that needs to be offset by monetary stringency. The world’s economic growth configuration has shifted from investment-light to investment-heavy, with…
…and most of the entire period from 2013-19, including what I called the “shallow industrial recession” of 2015-16. And yet in none of those periods did a wider economic downturn…
– by New Deal democrat There are some economic and financial indicators that aren’t classic leading or lagging indicators. Rather, they are “over-sensitive” in one direction or another. Two good…
…than $4,000 a year. Republicans promptly insisted the Democrats were instituting socialism. As the nation recovered from the economic panic of 1893, Republicans doubled down on their economic ideology. In…
…not have doled out money in multiple Economic Stimulus packages during the pandemic. All those deficit spending and inflation . . . oh my! We probably should have toughed it…