Econ70
The Friday File: Despite the tremendous economic and political strides made by women in many sectors of the economy, they remain shockingly underrepresented in corporate crime. Between 2002 and 2009, fewer than one in ten defendants was a woman. Moreover,…
Read MoreThe latest economic treat, the budget deficit fell to just 4.1% of GDP in 2013, the lowest level since 2008. Revenues were 16.7% of GDP, while expenditures were 20.8%. Rising revenues accounted for 79% of the deficit decline in 2013.…
Read MoreQE is not “printing money” as it does not increase the amount of money in circulation. Handing out $100 bills would be printing money. By purchasing Treasuries and MBS, the Fed raises the price of those securities and thus lowers…
Read MoreIn recessions between 1950 and 1982, GDP always fell by more than employment, and as a result productivity per worker declined. Starting with the 1990-91 recession, things reversed. In that recession, GDP declined 1.2% yet employment fell by 1.7%. In…
Read MoreThe Friday File: The highest-priced stallion syndication was for Fusaichi Pegasus at a reported $60 million in 2000, while the record stud fee remains $500,000 for Northern Dancer in the mid-1980’s. The most paid for a thoroughbred at auction was…
Read MoreThe US trade deficit was $38.8 billion in August, virtually unchanged from July and has been hovering around $40 billion/month since early 2010. Before the Great Recession, it was about $60 billion/month. The difference, oil imports are down about $20…
Read MoreThe velocity of money is the number of times a unit of currency is used to buy domestically produced goods and services during a fixed period of time. The velocity of M1 (cash and checking accounts) has fallen by 38%…
Read MoreThe CPI is based on 83,300 price quotes/month, but because the government was closed for 11 working days in October, the sample will be based on 40,000 price quotes. Because price quotes for some items are collected bi-annually, it will…
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