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

Measuring trade deficits and trade flows value

The Washington Post calls attention to changes in measuring international trade values: The U.S. trade deficit with China may be much smaller than thought according to new trade measurements that capture the flow of raw materials and intermediate goods as they work their way around the world into final products. In a significant revision to […]

U.S. Trails at Least 15 OECD Countries in Median Wealth

by┬áKenneth Thomas U.S. Trails at Least 15 OECD Countries in Median Wealth Via @exiledonline, I learned today (July 18) that Canadians are richer than Americans. This is rather surprising, since GDP per capita is higher in the U.S than in Canada.: $48,100 vs. $40,300 (at purchasing power parity or PPP), according to the CIA World […]

The US unemployment rate: European levels without the European safety net

Jobs growth is a lagging indicator of economic activity, so the June report confirms that the US economy has been in a deep rut (Marshall Auerback calls it a ‘fully-fledged New York City style pot hole’). Yes, the US economy is growing; but sub-2% really ‘feels’ like stagnation, if not recession for many. As always, […]

What a Group to be In

Per the Health at a Glance Chart Set, Powerpoint, available here: All OECD countries have achieved universal or near-universal health care coverage, except Turkey, Mexico and the United States And it’s even more impressive when you go to Slide 36 (whose header is quoted above) and realise that the Public Coverage in those three states […]