GDP, GDP Volatility, and the Forecast

Fourth quarter United States GDP contracted by about $5 billion dollars, which is 0.1 percent negative growth annualized. This is after 3.1 percent growth in the third quarter which was the strongest quarter in 2013. The largest drivers of the fourth quarter decline were a contraction in government spending of 6.6 percent and a . . . → Read More: GDP, GDP Volatility, and the Forecast

Anti-Fragility

In early 2007, before the financial crisis hit, author Naseem Taleb published his best-selling book “The Black Swan” in which he argued that extreme events occur more frequently than most of us are trained to expect.  We are trained to think in terms of the “normal” distribution, or bell-shaped curve, in which events more . . . → Read More: Anti-Fragility

Bill_Watkins: 3D Printers already changing manufacturing: http://t.co/1tcG3Ope Made to order and no inventory. Short runs no problem.

Bill_Watkins: 3D Printers already changing manufacturing: http://t.co/1tcG3Ope Made to order and no inventory. Short runs no problem.

Bill_Watkins: RT @cmta: Federal report says CA losing out to rest of country on manufacturing growth. GROW #camnfg #manufacturing http://t.co/N84qvv55

Bill_Watkins: RT @cmta: Federal report says CA losing out to rest of country on manufacturing growth. GROW #camnfg #manufacturing http://t.co/N84qvv55

Bill_Watkins: Today’s blog: Death Spiral Doesn’t Mean Declining Real Estate Values http://t.co/uulqRv5y

Bill_Watkins: Today’s blog: Death Spiral Doesn’t Mean Declining Real Estate Values http://t.co/uulqRv5y