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James Pethokoukis AEIdeas American Enterprise Institute 9/27/2012 …GDP growth for the second quarter was revised down to 1.25%. Here is Reuters: Economic growth was much weaker than previously estimated in the second quarter as a drought cut into inventories, setting the platform for an even more sluggish performance in the current quarter against the backdrop […] September 27th, 2012 | Tags: consumer spending, currency manipulation, durable goods, GDP, income, Mitt Romney, National Federation of Independent Business, Neil Cavuto, Rasmussen Reports, recession, Rep. Paul Ryan | Category: Barack Obama, China, Commerce Department, Communism, Economy, Federal Reserve, Politicians, Polls, unemployment | Comments are closed
That is the headline this morning at The Astute Bloggers. The Astute Bloggers 9/14/2012 …OIL IS UP. GASOLINE IS UP. FOOD PRICES ARE UP. INFLATION IS GOING UP UP UP… …But the stock market–with the lowest participation by middle class people in decades–in going way, way, way up. While the dollar is down… Read the […] September 14th, 2012 | Tags: Ben Bernanke, consumer spending, debt-to-GDP ratio, downgrade, Egan-Jones, energy costs, gasoline prices, gold, hyperinflation, Mitt Romney, Moody's Investors Service, QE3, silver, stock market, U.S. Dollar | Category: Barack Obama, Economy, Federal Reserve, Media accountability, Politics, Taxes | Comments are closed
Bruce Krasting Business Insider 8/2/2011 There is one aspect of the final debt deal from DC that took me by surprise. I was convinced the 2% reduction in payroll taxes would be extended through 2012. On July 12th I wrote about this and got it completely wrong. Not only did I think there would be […] August 2nd, 2011 | Tags: consumer spending, debt ceiling, FICA, GDP, H.R. 2768, payroll taxes, Rep. Ron Paul, Sen. Harry Reid, Speaker John Boehner, trigger | Category: Barack Obama, Congress, Economy, Federal Reserve, Federal spending, Taxes | Comments are closed
Dear Bernanke, Here’s Why The “Wealth Effect” Isn’t Saving The US Economy Gregory White Business Insider 3/1/2011 Yesterday’s weak consumer spending numbers, along with weaker than expected Q4 GDP, may be indicating that the consumer recovery in the U.S. isn’t all it seems. But if incomes are up and the stock market is up, where’s […] March 1st, 2011 | Tags: "shadow inventory", "wealth effect", Ben Bernanke, consumer spending, housing market, real estate | Category: Economy, Federal Reserve | Comments are closed
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