Econ70
While the rest of the planet economically cools or worse, goes into reverse, today’s data shows that the US economy is doing well. First-time weekly claims for unemployment insurance fell and are remarkably low, existing home sales rose 1.5% and…
Read MoreWith Q3 Japanese GDP growth coming in at -0.4%, Japan is back in recession for the third time since the end of the Great Recession. Amazingly, since the start of 2010, Japan has been in recession 47% of the time…
Read MorePresident Obama’s looming decision to grant amnesty to millions of illegals via Executive Order following a political drubbing is incomprehensible. It suggests Obama believes he can’t pass immigration reform through legislation, and is willing to deprive the next president the…
Read MoreThe Friday File: Between 1976 and 2000, Americans used an average of 20.3 vacation days/year. Since then, it’s steadily declined and now stands at just 16 days/year. As some of the unused days cannot be paid out, banked or rolled…
Read MoreWhile US exports are weakening, don’t worry. Exports account for just 14% of US GDP, less than for any other developed nation. Exports account for 30% of Canadian GDP, 51% of German GDP, 15% of Japanese GDP, and 53% of…
Read MoreIn a very close election, Brazilians recently re-elected Dilma Rouseff. The result: the Brazilian real fell 2% and is near a 10-year low, and the stock market fell almost 3%. Worse, Brazilian sovereign debt is close to being downgraded to…
Read MoreCindy Gonzales references Elliot Eisenberg in an article on Omaha-area housing permit activity. Read the full article at Omaha.com.
Read MoreThere are currently 18 million male veterans, 15.6% of the male population, and 1.6 million female veterans. 7 million served in Vietnam, 5.2 million served in the Gulf War Era (8/90 through today), 1.3 million in WWII, 2.1 million in…
Read MoreBecause the US still imports 5 million barrels/day of oil, and consumers spend a substantial share of income on energy, cheaper oil boosts GDP. Every $10/bbl decline shaves 25 cents off the price/gallon of gas and reduces oil imports by…
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