Could this guy be right? 1.Inventories — unsold goods — contributed 0.41 percentage points. Final sales rose by just 1.29%. The inventory accumulation will be a drag on future growth. 2. Q1 ’13 growth was revised down from 1.8% to 1.1% (with final sales just 0.17% — virtually flat). The lower Q1 ’13 base (1.8 […]
Posts Tagged ‘recession’
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Fed Fighting The Recession That’s Over
Posted by Tom Lindmark on September 21st, 2010
Lots of people and pundits are having fun with the NBER’s announcement of the end of the Recession. The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. […]
IMF: Recovery Will Most Likely Not Be Robust
Posted by Tom Lindmark on August 19th, 2009
Olivier Blanchard, an IMF economist, has some interesting thoughts on recovery. His position is that, if history is any guide, economic growth will be permanently impaired as a result of the recession. All this means that we may not go back to the old growth path, that potential output may be lower than it was before the […]
Memo To Dennis Kneale: It Doesn’t Matter If The Recession Is Over
Posted by Tom Lindmark on July 14th, 2009
I don’t intend to weigh back in on the Dennis Kneale contretemps with the blogging community. I had my say on that a week or so ago. I do want to ask a question of Kneale or for that matter anyone else who contends that the recession is over, ending, going to be history toute […]
Is The Recession Over For The U.K.?
Posted by Tom Lindmark on June 11th, 2009
Is this more than just a shoot? Possibly a branch with a flower bud attached? Business Week says that a respected British think tank has proclaimed the recession over in the U.K. The recession is over, according to one of the nation’s most respected economic think-tanks. The UK’s surprising resilience is confirmed by the National […]
Angry Workers Worldwide
Posted by Tom Lindmark on April 25th, 2009
From the Guardian.co.uk: More than a century and a half after Karl Marx and Friedrich Engels urged the workers of the world to unite, there is still little sign of the proletariat seizing control of the means of production. But since the credit crunch erupted in 2007, plunging two-thirds of countries into recession and costing […]
Was It Energy Prices, Not Housing That Caused The Recession?
Posted by Tom Lindmark on April 21st, 2009
What would you think if someone told you that all of the reasons advanced so far about the causes of this nasty recession were false and that there was another very simple explanation? If you’re like me you might want to not know about it. Throwing out all of the notions, ideas and conclusions running […]
