Chairman Casey, Vice Chairman Brady, and other members of the Committee, I appreciate this opportunity to discuss the economic outlook and economic policy. Economic growth has continued at a moderate rate so far this year. Real gross domestic product (GDP) rose at an annual rate of about 2 percent in the first quarter after increasing…
Tag Archive for Economic Activity
Economics, Lee's Free Thinking
Fed Beige Book Gives No Excuse for Ben To Print
by Lee Adler • • 0 Comments
Here’s the bulk of the Fed’s press release with my comments and bolded sections. Reports from the twelve Federal Reserve Districts suggest overall economic activity expanded at a moderate pace during the reporting period from early April to late May. Activity in the New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco Districts…
Latest Business Headlines
Jobs Report Makes Federal Reserve More Likely to Act – NYTimes.com
by Newswires • • 0 Comments
WASHINGTON — The odds surely increased Friday that the Federal Reserve will ride again to the rescue of the faltering economic recovery, making borrowing a little cheaper for a little longer, as it has done repeatedly over the last four years. But the government’s announcement that employers added only 69,000 workers in May also highlights…
Must Read
Philly Fed Says 48 of 50 State Economies to Grow
by Newswires • • 0 Comments
The Federal Reserve Bank of Philadelphia today released the leading indexes for the 50 states for April 2012. The leading indexes are a six-month forecast of the state coincident indexes, which reflect current economic activity in each state. Forty-eight state coincident indexes are projected to grow over the next six months, while two are projected…
Latest Business Headlines
US Stocks Decline On Eve Of Friday Jobs Report; Nonmanufacturing Activity Weak – Wall Street Journal
by Newswires • • 0 Comments
Kansas City StarUS Stocks Decline On Eve Of Friday Jobs Report; Nonmanufacturing Activity WeakWall Street JournalBy Matt Jarzemsky Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Stock investors treaded cautiously a day before the government's employm…
Latest Business Headlines, Latest Business Headlines
US consumer spending growth slows in March
by Newswires • • 0 Comments
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Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Peak Dow, Peak GDP and Peak Oil
by Charles Hugh Smith • • 0 Comments
Peak Oil and Peak Credit do not exist in a vacuum; they’re why we have Peak GDP, Peak Dow and Peak Income.
You don’t get Peak Oil and cheap abundance in everything else: you get Peak X, Y and Z, for example Peak Oil, Peak Dow and Peak GDP. Peaks …
Charles Hugh Smith
It’s Not Just Gasoline Consumption That’s Tanking, It’s All Energy
by Charles Hugh Smith • • 0 Comments
It’s not just gasoline consumption that’s declining–petroleum and electricity consumption are also dropping. Is that indicative of economic growth?
A number of readers kindly forwarded additional data sources to me as followup on last week’s en…
Bears Chat, Best of the Forums, Must Read
Forget inflation: Is deflation the real threat?
by Bears Chat at The Wall Street Examiner • • 0 Comments
Forget inflation: Is deflation the real threat?
By John Waggoner, USA TODAY
Updated 17h 35m ago Comments
But a growing number of economists and money managers are starting to worry about the opposite of inflation: deflation, a period of falling price…
Bears Chat, Best of the Forums
The Growth of Degrowth Economics
by Bears Chat at The Wall Street Examiner • • 0 Comments
The Growth of Degrowth Economics
Degrowth theory, whose supporters push policies to reduce economic activity and end our obsession with GDP, is gaining momentum in Europe and Canada. Will the movement reach U.S. soil?
What if we promoted policies …
