Last Friday, it was reported that economic growth was only 2.4 percent in the second quarter of this year – far below what the Obama administration had forecast. Yet the administration and its supporters continue to be in...
Some experts claim that a slowing rate of decline in certain indicators is a clear sign that the economy is on the mend. Others say that aggressive fiscal and monetary stimulus can’t help but turn things around....
One of the most enduring economic fallacies is that destruction is an economic blessing. It cries out for a response. Who can forget the awesome scenes of devastation from some of the worst earthquakes of recent decades...
Many commentators are upbeat about prospects for the coming year. Among other reasons, they believe that severe recessions are invariably followed by sharp rebounds, even though history suggests financial crisis-inspired...
Important questions to be asked by the end of 2009 What is your assessment of current economic situation in US? I AM FAIRLY OPTIMISTIC ABOUT SOLID GDP GROWTH NEXT YEAR BUT I AM CONCERNED ABOUT JOBS. I THINK THE UNEMPLOYMENT RATE...