Tag Archives: GDP growth

Saving Capitalism—Part II

Popular Economics Weekly Nobel laureate Joseph Stiglitz’s plea to save capitalism is important for a number of reasons; foremost is the survival of liberal democracy itself. Modern liberal democracies that we have known since WWII cannot survive if we cannot … Continue reading

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Where are the Workers?

Popular Economics Weekly The number of job openings rose to 7.5 million on the last business day of March, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.7 million and … Continue reading

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A Huge Employment Report

Popular Economics Weekly The U.S. Bureau of Labor Statistics (BLS) reported today that total nonfarm payroll employment increased by 263,000 in April, and the unemployment rate declined to 3.6 percent. It was the lowest unemployment rate in 49 years—since December … Continue reading

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Laffernomics and Tomorrow’s GDP Estimate

Financial FAQs The decline of so-called Laffernomics, an economic theory first proposed by conservative economist Arthur Laffer in 1974, posited in so many words that lower tax rates of the wealthiest, in particular, would increase overall tax revenues as well … Continue reading

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Why No Inflation??

Financial FAQs Econoday There is almost no inflation, and the markets love it, as both stocks and bonds are rallying on news. The Consumer Price Index rose just 1.5 percent in February, and its core without more volatile food and … Continue reading

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Q4 Real GDP Growth Still Good

Popular Economics Weekly BEA.gov Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2018 (table 1), according to the “initial” estimate released by the Bureau of Economic Analysis. In the third … Continue reading

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Can U.S. Economy Weather Trade Wars?

Financial FAQs Econoday.com Why is manufacturing doing so well in the face of rising tariffs—in January when mid-winter business activity tends to slow? Consumers flush with cash from rising wages and full employment are powering higher domestic demand. Exports, on … Continue reading

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