Dan, my favorite workaholic, sent the following from China and asked that I post it:
Dan Hamilton October 28, 2010
The first estimate of United States third quarter Gross Domestic Product came out today. The preliminary estimate of third quarter real GDP growth was 2.0 percent, which follows a 1.7 percent growth rate during . . . → Read More: United States GDP
I’ll be giving a talk at the Valley Industry and Commerce Association (VICA) Business Forecast Conference on October 28 at the Warner Center Marriott in Woodland Hills California. James Paulsen of Wells Capital Management and William Roberts of my undergraduate Alma Mater, California State University Northridge, will also be there.
The three of us . . . → Read More: What to Do?
United States non-farm jobs fell by 95,000 jobs in September driven by a 159,000 loss of government jobs that was offset by a 64,000 gain in private sector payroll jobs. The government job losses resulted from Census cutbacks and continued local government sector declines. Non-farm job growth has been negative for four months now, . . . → Read More: The September Employment Situation
Molly Clancy & Dan Hamilton
In July we discussed the topic of Multiple-Equilibria in the United States economy. This blog is an update to that post, which can be found here. We argued there that the United States is currently in a “good-deflation” equilibrium, where consumers and producers find low price growth as helpful . . . → Read More: Equilibria Indicators and Quantitative Easing
The Los Angeles Times has an article today with the scare headline “$69 million in California welfare money drawn out of state.” This is the most recent of several of these types of articles, not necessarily in the Times, the purpose of which seems to be publicizing the claim that welfare recipiensts are wasting . . . → Read More: Let’s Get Real