Posts tagged as:

GDP

Chinese Century? Maybe Not.

May 9, 2013

In real numbers, last year China’s GDP was around $8 trillion, while ours was about $15.7 trillion.  Based on that pattern many believe that statistically China’s economy will surpass the size and scope of United States by 2017… but something may get in the way of that forecast:  China itself! This article comes to the [...]

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New Study: 30 is the New 45

April 10, 2013

A new study spanning different generations over 25 years indicates that today’s young adults are 15 years less healthy than previous age groups at the same age.  Meaning, the prevalence of health issues related to things like high blood pressure, diabetes, obesity, etc. among 40-year-olds today is similar to the levels older groups have at [...]

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Posturing on Sequestration

February 20, 2013

In August 2011, our leaders in Washington decided to kick the proverbial can down the road in order to not deal with our economic situation until after the November election.  The debt limit, the Bush tax rates, and potentially devastating spending cuts were all left on the table until that time.  How very brave of [...]

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US Economy as Bad as It Feels

January 30, 2013

Data was released today indicating that the economy contracted 0.1% in the fourth quarter of 2012.  This signals the first time the economy actually shrank since the second quarter of 2009.  If it shrinks in the first quarter of this year, we’ll be officially in a recession.  Regardless, I don’t trust much out of this [...]

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Recovery Summer Continues at a Brisk 9.5%

August 6, 2010

The U3 rate (those without jobs who are still actively looking for them) for July was 9.5%, which is steady from June.  Stocks are a little shaky today on the news of still more lost jobs.  For the record, here’s a chart of U3 rates for Obama’s presidency: Obama Nation Unemployment Rate January 2009- July [...]

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Economic Growth Not as Robust as it Appears

February 1, 2010

Last week, economic data came out that showed a robust 5.7 growth rate in GDP in the fourth quarter of 2009.  While many of us rightly celebrated the return of American prosperity, it appears that the number may be slightly misleading.  Investors Business Daily has done an analysis on the GDP growth, and shows it [...]

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How To Stifle a Recovery: Raise the Minimum Wage

July 28, 2009

With economic indicators predicting that the economy is starting to show signs of recovery, one would think that we are nearing the end of this national nightmare of an economic disaster.  Yet last Friday, a Democrat government policy went into effect that could cause some of the recent stabilization of the economy to backslide.   Friday [...]

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Obama Still Defies the Odds

March 6, 2009

Odds are that a President who has done more than any single President in our history to rattle the markets and obliterate retirement accounts every time he opens his mouth would not be very popular.  However, Obama remains very high in the polls despite his War on Capitalism.    Michael Boskin, writing in the WSJ Online Oped had this to say about [...]

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