Browsing Tag

inventories

The Fake Recovery

This April 2009 post is holding up well and still describes my view on the economic situation in the United States. I am much more confident that the cyclical forces I described here are leading to a recovery. The question now has to do…

We are in depression

The results of my poll are back and  according to readers we are clearly in Depression.  A plurality of you voted for depression with a small 'd,' edging out those who see Depression with a Big  'D.' I agree with this assessment as I…

US GDP shrinks 0.3% in Q3

I won't be able to comment here until later today when I will update this post. But I wanted to report that U.S. GDP shrank 0.3% in Q3, less than the 0.5% median forecast. Now, when it comes to government statistics like GDP, the devil's…

US jobless claims up this week

U.S. jobless claims were 406,000 on a seasonally adjusted basis, up 34,000 on the week prior and surpassing 400,000 for only the 3rd time this business cycle. While the numbers were large, they are very distorted by seasonal adjustment…

US Recession Signals

The U.S. has been flashing red regarding recession for some time despite the naysayers.First, let me define recession because you usually hear that it's two consecutive quarters of a decline in real GDP. Not exactly. The National Bureau…

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