-
Recent Posts
Categories
Archives
Category Archives: Monthly
Animal Spirits, Monetary Stimulus and Fiscal Tightening
In their 2009 book entitled “Animal Spirits,” George Akerlof and Robert Shiller characterize the term as a “restless and inconsistent element in the economy…sometimes we are paralyzed by it. Yet at other times it refreshes and energizes us, overcoming our … Continue reading
The Fiscal Cliff: Shoes Still Dropping, Gloves Are Off, Belts Are Tightening
President Obama signed the American Taxpayer Relief Act of 2012 into law on January 2. While the passage of the act did reduce uncertainty about the tax burden facing U.S. households this year, it did not address all aspects of … Continue reading
Posted in Monthly, United States
Comments Off
Looking for Traction on the Edge of the Fiscal Cliff
With the election behind us and hurricane season brought to a dramatic conclusion by Hurricane Sandy, the U.S. economy lurches, stumbles or fades at the end of 2012. The three verbs all imply a transition from the deceptively solid 2.7 … Continue reading
Posted in Monthly, United States
Comments Off
Mild Acceleration in Economy Dampened by Fiscal Cliff, Hurricane Sandy
The U.S. economy accelerated mildly from a weak 1.3 percent real GDP growth rate in Q2 to 2.0 percent in Q3. Consumer spending increased, and so did federal government spending. The fly in the ointment came in the form of … Continue reading
Posted in General, Monthly, United States
Comments Off
September Producer Price Index, August Trade, October Sentiment and UI Claims
Grab Bag of Data Consistent with Moderate Improvement in 2012H2 The September Producer Price Index increased by 1.1 percent, pushed by higher energy prices. The Core PPI for Finished Goods was unchanged in September, checked by declining equipment prices. The … Continue reading
Whistling Past the Graveyard: U.S. Data Improves as the Headless Horseman Lurks
Our Halloween update features improving U.S. data highlighted by the surprising drop in the unemployment rate to 7.8 percent for September. Overseas, it is looking scary. The Gordian knot of Europe’s many problems continues to defy quick solutions. China scrambles … Continue reading
Posted in Monthly, United States
Comments Off
U.S. Consumers Muscle Through Q3 as Global Policy Spigots Open
When the going gets tough, the tough go shopping. And that appears to be happening in Q3, following a weak Q2. Second quarter real GDP growth registered a disappointing 1.7 percent annualized growth rate, matched by tepid consumer spending, which … Continue reading
Posted in Monthly, United States
Comments Off
U.S. Consumers Muscle Through Q3 as Global Policy Spigots Open
When the going gets tough, the tough go shopping. And that appears to be happening in Q3, following a weak Q2. Second quarter real GDP growth registered a disappointing 1.7 percent annualized growth rate, matched by tepid consumer spending, which … Continue reading
Posted in General, Monthly, United States
Comments Off
Is the U.S. Expansion Durable? Data Says Yes, For Now
The U.S. economy added 163,000 new payroll jobs on net in July, exceeding consensus expectations. That was the good news in the July employment report. The bad news came from the separate household survey of employment, which determines the unemployment … Continue reading
Posted in General, Monthly, United States
Comments Off
Jobs Drought Threatens Recovery, Rainmaking Still on Hold
The official Bureau of Labor Statistics count of payroll jobs created in June was a disappointing 80,000, and the unemployment rate was unchanged at 8.2 percent. The June jobs data confirms that the slowdown in hiring, first visible in March, … Continue reading
Posted in Monthly, United States
Comments Off
Subscribe to feed
Follow us on Twitter