Some Common Cents for July 31, 2015

August 3, 2015, by John Norris

  This week, the Bureau of Economic Analysis (BEA) announced the US economy grew at a 2.3% annualized rate during 2Q 2015. It made all sorts of revisions to previous estimates, bringing up 1Q 2015 GDP to 0.6% from negative territory, and taking 2013 down to 1.5% from 2.3% among other changes. While the numbers might have changed, the story didn’t: the US economy has been growing at a tepid rate for a pretty long...

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Some Common Cents for August 15th 2014

August 15, 2014, by John Norris

This morning, I saw a headline which used the word surreal to describe the US economy. According to Merriam-Webster, the definition of surreal is: “marked by the intense irrational reality of a dream; unbelievable, fantastic.” This is apt. When I pour through the data and look at trends, I keep coming back to a modestly growing economy that is vulnerable to external shocks. In other words, yes, the economy is growing at a mediocre, but...

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