Sea Container Data Foretells Growing U.S. Trade Deficit
U.S. exports of sea containers are up 13% YoY. Imports too are up 13% YoY. This is indicating a growing trade balance deficit, since exports exceed imports.
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U.S. Housing Market: Down Trend May Be Slowing
Guest Author post by Steven Hansen, Publisher of Global Economic Intersection.
Econintersect is using the Case-Shiller data release to overview the home price situation as of December 2010. Generally, all home price indexes are trending…
Demographics Drive U.S. Trade and Jobs Deficits
When multiplier relationships are recognized, the conclusion is that the U.S. did not have enough population to produce what it has been consuming.
U.S. Trade Deficits Worth 26 Million Jobs
In January Steven Hansen observed that, through November, the trade deficit for manufactured goods in 2010 was the equivalent of 1.3 million workers earning the median manufacturing wage in the U.S.
New High in U.S. GDP Does NOT Indicate Recovery is Complete
The big news when the advanced estimate of the 4Q/2010 GDP was announced last week was the recovery of the pre-recession level of GDP. This was presented by some as good news, but was suitably qualified by others.
Dodd-Frank: The Devil is in the Details
The Dodd-Frank Act is supposed to reform the way Wall Street works. It is supposed to correct abuses that led the world to the brink of disaster. After passage the intricate details to be implemented required the formation numerous study…
Structural or Cyclical Problem? Try Institutional
Harold Meyerson, in The Washington Post, says debate about whether the recession and poor recovery are cyclical or structural problems is misplaced. Meyerson says the problems are institutional imbalances.
GDP Boosted by Personal Transfer Payments
Transfer payment receipts are defined well by the BEA (Bureau of Economic Analysis, U.S. Dept. of Commerce):
Personal current transfer receipts are benefits received by persons for which no current services are performed. They are…
Tax Law Stimulus
A summary of the new tax law provisions was posted at the GEI News Blog as the law was being signed by the president Friday. The outline was presented courtesy of the FPA (Financial Planning Association). The economic impact of the new…
China and U.S. – Driving in Different Directions
Traffic jams like this one in Beijing are likely to get much worse. Photo: China Daily
In 2009, China’s auto sales surpassed those of the U.S., reaching 13 million units (cars and light trucks). This came as The Great Recession…