by Eric Lotke | Sep 2, 2009 | Blog
Today’s “Productivity and Costs” data from the Bureau of Labor Statistics contain what looks like good news. “Labor productivity increased at a 6.6 percent annual rate during the second quarter of 2009.” The Associated Press adds context to the data: “Worker...
by Eric Lotke | Aug 27, 2009 | Blog
Today’s data from the Bureau of Economic Analysis tell the same old story. National GDP is dropping and personal incomes are dropping along with it. These are troubled times. But wait! There's more! Corporate profits are on the rise. Source: BEA: GDP, personal income,...
by Eric Lotke | Aug 26, 2009 | Blog
The Congressional Budget Office published revised estimates about the deficit, and people are hyperventilating. “[B]urying our children and grandchildren under a mountain of unsustainable debt,” declared House minority leader John Boehner (R-Ohio). Leave aside for a...
by Eric Lotke | Jul 15, 2009 | Blog
The irony is killing me. Two stories run next to each other in today’s (July 15, 2009) Washington Post. Together they show the triumph of the pseudo-economy over the real economy. Page A12 carries an article called, The Trickle-Down Effect: An Auto-Parts Maker Fades...
by Eric Lotke | Jul 15, 2009 | Blog
When the U.S. added modest “Buy American” provisions to the February stimulus bill to help keep (some) U.S. assistance in the U.S. economy, people cried foul. -- “A classic protectionist measure,” charged Senator John Ensign (R-Nev.) chair of the Senate...
