GDP Update
A strong 2014Q2 GDP report came out today, registering in at 4% annualized real GDP growth. This is good news, but it is worth...
Terrible Recovery
A month ago, we compared the recovery from the Great Recession to the recovery after every recession since 1950. It looked pretty bad. Real GDP growth...
Subprime Lending Drives Spending
A concern that we highlighted in yesterday’s post is that the only way the U.S. economy can generate significant consumer spending is through aggressive lending to...
Spending Worries?
Census retail sales for May came out today, and they missed the consensus forecast slightly on the downside. But there is another pattern that...
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