Upon further review, 1st-quarter GDP collapsed…again

By Steve Eggleston Last month, the Bureau of Economic Analysis estimated that real GDP in the first quarter of 2015 increased by an annualized 0.2%. In the second of three regular looks, which incorporated most of the economic data from March, and to a lesser extent February, that wasn't available last month, the BEA revised … Continue reading Upon further review, 1st-quarter GDP collapsed…again

The PlaceboCare McEconomy

By Steve Eggleston If you haven't noticed, I've been missing in action the last few weeks. I've just been burned out. One can say the economy is, at best, stagnant only so many times before running out of ways to say it. Unfortunately for the country, but fortunately for my writing block, the Bureau of … Continue reading The PlaceboCare McEconomy

July jobs report – Same old story, same old song and dance

By Steve Eggleston Yesterday, the Bureau of Labor Statistics released the July jobs report, which says that on a seasonally-adjusted basis, the economy added 209,000 jobs with the unemployment rate ticking up 0.1 percentage point to 6.2%. That marks the 6th month in a row that there were at least 200,000 jobs added, the first … Continue reading July jobs report – Same old story, same old song and dance