Browsing Tag

Economic Data

Chart of the day: US national debt

Perot Charts is Ross Perot's attempt to reintroduce himself into politics in the US. From his standpoint, the U.S. is running an irresponsible fiscal policy that will only lead to ruin. His chart on the U.S. national debt, now over $9…

Good news on income and spending

The news that income and spending in the U.S. economy has been resilient must be cheered as good (see news release here). It may result in our seeing a W-shaped recession as opposed to a U- or L-shaped one. The U.S. consumer is much more…

Chart of the day: jobless claims

At 8:30 EDT this morning, the Labor department released its jobless claims numbers. The numbers are not appreciably different than a week ago. But they are largely consistent with recession: 384,000 jobless claims and 3,139,000 continuing…

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