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Category Archives: Economic Growth
RECESSION WATCH
In the attached When will the longest expansion end Bob Gordon of The Rise and Fall of American Growth fame concludes that all is well until 2021. In addition to being a economics professor at Northwestern he is a long time … Continue reading
LEAN YEARS AHEAD
The Congressional Budget Office just released An Update to the Economic Outlook: 2018 to 2028. The full 24 page report is sleep inducing but the 5 page Economic Outlook Update Summary is well worth some study. The CBO projects that real GDP … Continue reading
JUST LIKE WINE
Carmen Reinhart, along with her husband, has written a nice piece about the recent mid-scale revision to GDP data in When Economic History Improves With Time. Rates of growth and savings rates have been better than previously reported. That is … Continue reading
FEDERAL BUDGET OUTLOOK
The Congressional Budget Office has just released its budget outlook for the next ten years. Budget Outlook Summary is supplemented by another 160 pages of detail. Let me know if you would like to receive the full report. The main take … Continue reading
INEQUALITY
Thomas Piketty of Capital in the Twenty-first Century fame and his fellow researchers have just published the World Inequality Report. I believe that it is the first a many to follow annually. Both the New York Times and The Hartford Courant … Continue reading
OUR ECONOMIC FUTURE — ONE MORE TIME
The attached article by Jason Furman, former chair of the Council of Economic Advisors, is an excellent perspective and prospective on what the US economy can expect for growth in the foreseeable future. Economic Growth – 2% Solution is a bit … Continue reading
OUR ECONOMIC FUTURE
I have reported on or about Robert Gordon of Northwestern University and his thesis in The Rise And Fall Of American Growth that our best days are behind us. His office is in the first floor (half underground as I … Continue reading
ECONOMIC GROWTH – NEW NORMAL or BACK TO NORMAL?
In last Saturday’s Wall Street Journal a former finance and economics editor of The Economist published a very interesting piece on this topic why-the-economy-doesnt-roar-anymore-wsj. It is well worth a read. The author describes the post-WWII Golden Age and its undoing … Continue reading
ECONOMY VIEW
The Federal Reserve Bank of San Francisco has just published economy-view-frbsf in which the current state of the economy is briefly outlined in text and nine charts. The FRBSF expects real GDP to grow 2% or more in the second half … Continue reading