Showing posts with label GDP 2011. Show all posts
Showing posts with label GDP 2011. Show all posts
Thursday, December 22, 2011

The Economy is NOT Improving: 3rd Estimate of Real GDP Falls to 1.8 Percent from 2.0 for Q3 2011

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What a joke the news is today. GDP is revised down and all you hear on the news is Ho! Ho! Ho! Q2 GDP was 1.3 percent, and Q1 0.4 percen...
Tuesday, December 20, 2011

Gasoline Consumption Down Every Week for Nine Months in 2011

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We're having a little gas war in southeast Grand Rapids Annual records for gasoline prices are taking their toll on the American economy...
Tuesday, November 22, 2011

Second Estimate of Q3 2011 GDP Falls to 2.0 Percent from 2.5 Percent

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Per the BEA today, here : Real gross domestic product -- the output of goods and services produced by labor and property  located in the Uni...
Sunday, November 6, 2011

The Broadest Tax Base Which Can Possibly Be Imagined Implies a Tax Rate of 6.2%

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Herman Cain's 999 Plan is focusing attention on the perennially perplexing problem of taxation for the American electorate in 2012. His ...
Monday, October 31, 2011

Morgan Stanley's Stephen Roach Ridicules Fed's War on Savers, Who Are Indispensable to Future Growth

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He is quoted here  at CNBC.com, identifying zero interest rate policy as "financial repression practiced by your favorite central bank,...

Herman Cain's National Sales Tax Might Make Renters Better Off, With Transitional Problems For Existing Owners of Residences and Rental Income Properties

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An important study published in 2008 here  simulating the effects of the Fair Tax, Herman Cain's ultimate goal, namely a consumption tax...
Thursday, October 27, 2011

GDP, Q3 2011 First Report, at 2.5 Percent; Personal Savings Drop Big

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See the full pdf at the Bureau of Economic Statistics, here . Personal savings fell a full percentage point, or $116 billion, while personal...
Friday, October 14, 2011

Artificial GDP Explained

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By Jeffrey Snider, here . A tax will have to be paid for it, sooner or later. There will be blood.
Wednesday, October 5, 2011

Reuters' Mike Dolan Gets It Wrong On Depressions

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The relevant passage from his story here on the recent debate about whether we've had, face, or are in a depression makes a real hash o...
Friday, September 30, 2011

Herman Cain Comes Closest to a True Flat Tax

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So says Stephen Moore for The Wall Street Journal, here , pointing out that FICA taxes do go in the shredder under Cain's 999 plan: But ...
Thursday, September 29, 2011

Herman Cain's 999 Plan Would Have Cut Corporate Taxes in 2008 by 64 Percent

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Average annual corporate profits for 2008, 2009, and 2010 were $1.47 trillion. The average annual corporate tax paid on those profits was $3...

Final Estimate of Q2 2011 GDP at 1.3 Percent

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As reported by the Bureau of Economic Analysis, here . With Q1 GDP at 0.4 percent, average GDP is at a paltry 0.85 percent so far in 2011. A...
Friday, September 23, 2011

The Economy Is Not The Same Thing As The Market, Or Is It?

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Mark Hulbert reminds everyone here  that the DOW quadrupled between July 1932 and March 1937. He thinks analogists should think about that ...
Wednesday, September 14, 2011

Can No One Tell The Truth, Even About The Great Depression?

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Seen here : Between 1929 and 1933, U.S. gross domestic product contracted by around 30%. Where the hell does that come from? In 1929 GDP was...
Monday, September 12, 2011

Year Over Year GDP Declines From 1900 to 1949

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1904 $  0.23 billion (1903 level exceeded in 1905): 3 years/a decline of less than one percent 1908 $  3.75 billion (1907 level exceeded in ...

Depression of 2008-2009 Comparable to 1938 in GDP Decline

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EU Crisis: PIIGS' Bankruptcy Could Dwarf Lehman's By Nearly Three Times

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Phase One, in which Doris gets her oats, is now over. Time to save your money. You're going to need it. Carl Weinberg, the chief economi...
Friday, September 2, 2011

The UK Depression is Huge, But the Response is a Shrug of the Shoulders

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So says Martin Wolf for The Financial Times, quoted here : For the present depression to be shorter than its longest predecessor, it must en...
Friday, August 26, 2011

Q2 2011 GDP Revised Down to 1.0 Percent from 1.3

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As reported here . Evidently Q1 remains at 0.4 percent. Growth at these low levels implies a rise in unemployment since there isn't enou...
Thursday, August 25, 2011

Unprecedented Weakness in Consumer Spending Growth in Post WWII Period

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So says Stephen Roach of Yale, here , who can't call this is a depression evidently because such anemic growth is, afterall, growth. He ...