Monthly Archives: January 2012

GDP Retains Pre-Recesssion Peak

This morning the Bureau of Economic Analysis released its first estimate for 2011 GDP.   It showed national output for the first time surpassing the pre-recession peak, which occurred in the last quarter of 2007.    (See chart below)    The expansion in 2011 … Continue reading

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“Build To Last” – A Reaction To Obama’s State Of The Union Message

Obama’s slogan for the SOTU last night, “An Economy Built to Last,” was a way of referring to one of the accomplishments of his first years: successfully reviving the auto industry, which many had said couldn’t be done without nationalizing it. … Continue reading

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Will Emerging Markets Fall In 2012

Emerging markets have performed amazingly well over the last seven years. They have outperformed the advanced industrialized countries in terms of economic growth, debt-to-GDP ratios, and countercyclical fiscal policy.  Many now receive better assessments by rating agencies and financial markets … Continue reading

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Barack Obama’s Biggest Economic Mistake Has Been…

In the current issue of Foreign Policy, the editors of the FP Survey ask “top experts” for pithy solutions to the world’s economic problems, “twitter style.”  Some of the answers: THE BIGGEST THREAT TO THE GLOBAL ECONOMY IS … Anti-market bias. … Continue reading

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