Angst in America, Part 3: Retiring Broke

April 5th, 2017
in demographics, macroeconomics

by John Mauldin, Thoughts from the Frontline

“The trouble with retirement is you never get a day off.”– Abe Lemons

“Retirement at sixty-five is ridiculous. When I was sixty-five I still had pimples.”– George Burns

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Economic Growth in the US: A Tale of Two Countries

April 3rd, 2017
in gdp, macroeconomics


-- this post authored by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman

Appeared originally at 29 March 2017

The rise of economic inequality is one of today’s most hotly debated issues. But a disconnect between the different data sets used to measure and understand inequality makes it hard to address important economic and policy questions. In this column, the authors highlight the findings from their attempt to create inequality statistics for the US that overcome the limitations of existing data by creating distributional national accounts.

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Trump’s Economics – What We Know So Far

by Elliott Morss, Morss Global Finance


We are early into the Trump Presidency, but it is not too early to ask how he will pay for the initiatives he is promoting. Of course, much of this has to be speculative inasmuch as we have no idea how Congress will “treat” his proposals. Nevertheless, the question is too important to ignore.


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Empty Rhetoric: On the Work of Deirdre McCloskey

March 31st, 2017
in macroeconomics

by Philip Pilkington

Fixing the Economists Article of the Week

Yesterday I read a short pamphlet by Deirdre McCloskey entitled The Secret Sins of Economics. You can get it here for free in PDF form. A friend of mine told me a while ago that I would like McCloskey. He told me she writes very well and has a take on economics similar to my own.

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The Consumer Saves 4Q 2016 GDP

March 30th, 2017
in gdp

Written by , Consumer Metrics Institute

 March 30, 2017 - BEA Revision Revises 4th Quarter 2016 GDP Growth Upward To 2.08%

CMI.logoIn their third and final estimate of the US GDP for the fourth quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.08% annual rate, up slightly from the +1.85% previously reported but down by -1.45% from the prior quarter.

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