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The Potemkin Village Called "Recovery"
So you think this spike in US economic activity in Q3 2009 is the beginning of the next upleg? Better think twice. Not one of the major problems like exploding deficits, unemployment, quirky wars that are now questioned by the US own top Asia specialists in a Washington Post interview , a ...
Baseline Scenario, October 30, 2009
baselinescenario.com — Yesterday morning I testified to a Joint Economic Committee of Congress hearing. The session discussed the latest... GDP numbers, the impact of the fiscal stimulus earlier this year, and whether we need further fiscal expansion of any kind. I argued that a global recovery is underway and in ... (more) Baseline Scenario, October 30, 2009
The Curious Capitalist
curiouscapitalist.blogs.time.com — What can we learn from this morning's surprisingly strong 3.5% real GDP growth report ? 1) Goldman... Sachs does not know all. The bank's economists had been on eerie run of sending out prescient alerts the day before major data releases—mainly the ... (more) The Curious Capitalist
The GDP Mirage
The GDP Mirage
businessweek.com — By overlooking cuts in research and development, product design, and worker training, GDP is greatly overstating the... economy's strength (more) The GDP Mirage
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