Calendar year 2010 was quite an emotional ride, with numerous unprecedented events taking place. Let’s hope 2011 is a bit tamer, even as U.S. economic performance is likely to improve. Let’s see… 2010’s list included mind-boggling government stimulus and associated budget deficits around the globe…enormous financial pressure on Southern European nations to get a handle [...]
Archive of posts tagged government spending
No Confidence
Note the direction of U.S. economic growth during the past few quarters as identified in the quarterly growth chart—from a solid 5.0% real (after inflation) annual rate late last year, to a still respectable 3.7% pace during the winter, to an anemic 1.6% annual rate in the quarter just ended… Observe that the revised 1.6% [...]
Solid Growth
…the fastest U.S. economic growth pace in six years! The American economy (GDP) grew at a 5.7% real (after inflation) annualized growth rate during 2009’s final quarter, the strongest growth pace since the third quarter of 2003. Most forecasts were closer to a 4.7% real annual pace. GDP, or gross domestic product, is the most [...]
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