Category Archives: economics

If you look at the US GDP growth since 1947, you’ll notice that the recovery magnitude always matched the recession magnitude except for the last one. I’ve annotated the graph to show the recessions and recoveries in like color ellipses … Continue reading →

See the following graph for the US GDP % growth for the last 10 years: I’d say we have a good baseline of what an economy can do under intense government regulation and it’s nothing to write home about – … Continue reading →

  I hope Rubio wins but I think Trump has too many supporters here to close the gap. Here are my predictions: Trump – 29% Rubio – 24% Cruz – 20% Bush – 11% Kasich – 11% Carlson – 5% … Continue reading →

What in the heck is going on with the price of oil? The Economy Yes, the world economy is in the toilet right now so that has to be a big piece of this. But the world was going through … Continue reading →

If you are one of those people who wish the US could return to the days when we had a strong manufacturing sector with millions of blue collar jobs then you are going to be disappointed. As I’ve written about … Continue reading →

The Bureau of Labor Statistics (BLS) issued the jobs report for August and it was not pretty. Only 142,000 jobs were added in August and the unemployment rate dropped slightly from 6.2% in July to 6.1%. The unemployment rate only … Continue reading →

There is a post on the Leftist blog Crooks and Liars that gives new meaning to the website’s title. The post provides charts that will supposedly show your “Right-Wing brother” just how wrong he is about his claims that Obama … Continue reading →

The Bureau of Economic Analysis (BEA) released the Q2 GDP results and the US economy grew by 4%. And of course Obama took the opportunity to claim ownership of this economy and state that this increase was because of his … Continue reading →

Economic theory tells us that when the fair market price for wages is artificially raised then businesses will raise the price of their good/services, cut back on expansion, reduce their work force and suffer with reduced profits. But we don’t … Continue reading →

It’s been a rotten year for Government Motors and I’m pretty sure it’s now not just conservatives that are questioning the bailing out of this failure of a company. Especially since a new report shows a “history of failures” at … Continue reading →

Throughout the 20th Century the US experienced larger than normal GDP growth following the end of a recession and the magnitude of the recovery was roughly proportional to the magnitude of the recession but something has happened under Obama to … Continue reading →

Here is a graph contrasting the civilian unemployment rate and the unemployment rate for the manufacturing industry that may show signs of a small resurgence of manufacturing in the US. Prior to the last Great Recession, unemployment in the manufacturing … Continue reading →