Last week’s Tea Leaf was entitled Global, with an update on what is happening in the growing global economy. This week’s issue provides an update of other significant G words featured in the news… GDP Growth The U.S. economy recorded a third consecutive quarter of economic growth during the January to March 2010 quarter, with [...]
Archive of posts tagged U.S. economy
It’s Not My Fault!
Alan Greenspan stepped down as Federal Reserve Chairman in January 2006. Greenspan’s more-than-18-year run as Fed Chair was the second longest in the Fed’s history. Upon his retirement from the Fed, Alan Greenspan largely expected to “retire” to a life of constant admiration from financial market players and the media for the noble job he [...]
We’re Announcing…That We’re Not Announcing
The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), the “official” scorekeeper of the American economy, announced on its web site on Monday, April 12 that it was not yet ready to make an announcement as to the end of the Great Recession. In contrast, a majority of forecasting economists (including [...]
Cap & Trade
As the Obama era began, the Administration’s objective of utilizing “cap & trade” as the desired policy to address alleged climate change and to reduce our dependence upon foreign sources of oil was front and center… …I don’t think it will happen …I don’t think it really matters Say What? I don’t think it matters [...]
Happy Talk
The “dismal science” of economics typically focuses on “bad” news. We clearly face many significant challenges…no argument here. However, there are also many favorable developments taking place within the U.S. economy. This is our semi-annual update of “Happy Talk.” This Tea Leaf focuses ONLY on the “good” news… The Great Recession is over! The consensus [...]
Springtime Update
The American Economy …still fighting headwinds Modest U.S. economic growth returned during 2009’s third quarter, followed by more robust performance during the October to December period, the strongest quarterly growth in six years. Positive but less impressive growth seems on tap during 2010, with the economy still fighting the “headwinds” of housing and commercial real [...]
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 [...]
Job Challenge
December’s overall employment report can be placed in the “disappointing” pile, with most of the components coming up short. Still, there were additional signs that consistent, if not robust, U.S. job creation is expected sooner rather than later. The American economy lost another 85,000 net jobs in December, worse than the consensus forecast of little [...]
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