I have never been one for Malthusian disaster scenarios given that the humans have proven to be quite adept at engineering around each and every predicted crisis. That’s not to say, however, that shortages of necessities haven’t had an impact on the course of World history which is what Ambrose Evans-Pritchard speculates might be behind […]
Archive for January 30th, 2011
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Questioning Q4 GDP
Posted by Tom Lindmark on January 30th, 2011
Mike Mandel has a new post which might make you a bit uncomfortable. He suggests that the US has been miscalculating its trade gap in a manner which leads to overstating GDP growth. Now, if you believe the official statistics, it drives your entire interpretation of the past ten years. If nonoil imports have not grown […]
