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Tag Archives: weekly review
Should You Tell Your Kid to Drop Out of High School?
Written by Steven Hansen There have been several posts over the past few weeks discussing college / university education. Goldman Sachs economist Jan Hatzius stated: [T]he faster job growth among college graduates is entirely due to faster growth in the … Continue reading
Posted in Employment, Weekly Economic Summary, aa syndication
Tagged college, dropout, Economy, employment, GDP, high school, recovery, Steven Hansen, unemployment, university, weekly review
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Using the Jobs Report To Forecast the Economy
Written by Steven Hansen It continues to amaze me of the love affair between Wall Street and the Bureau of Labor Statistics (BLS) employment situation report – aka the Jobs Report. It is nearly a worthless data set in real … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged BLS, Economy, employment, jobs, Steven Hansen, weekly review
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Trickle Down Corporate Profits – NOT!
Written by Steven Hansen This week Personal Consumption data was released showing weak (but above expectations) growth.
Posted in Weekly Economic Summary, aa syndication
Tagged consumer spending, corporate profits, Economy, GDP, PCE, recovery, Steven Hansen, unemployment, weekly review
1 Comment
Congress Considers Screwing Seniors
Written by Steven Hansen How many of the elderly live totally on social security benefits live better and better every year? It seems that social security is designed as a declining real benefit program. Yet the CBO in Testimony on … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged chained cpi, colas, cost of living, CPI, Economy, GDP, recovery, Social Security, Steven Hansen, unemployment, weekly review
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Screwing the American Economy by Screwing Its Young
Written by Steven Hansen The inordinate growth of student loans – and its effect on the economy – is killing consumption (autos) and the housing sector. This is no short term dynamic, but will effect the economy for decades. [click … Continue reading
Posted in Consumer Credit, Weekly Economic Summary, aa syndication
Tagged auto, consumer credit, consumption, Economy, education, GDP, housing, loans, recovery, retail, Steven Hansen, unemployment, weekly review
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How Will Ending Quantitative Easing Effect the Markets?
Written by Steven Hansen The Federal Reserve’s FOMC meeting minutes were released earlier this week indicating many (few, majority, most, all?) members were leaning towards terminating some aspects of the current quantitative easing (QE) purchases sooner rather than later. ….A … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged correction, Economy, equities, GDP, markets, printing money., QE, quantitative easing, recovery, Steven Hansen, Treasuries, unemployment, weekly review
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What About a Market Correction?
Written by Steven Hansen This week, Marc Faber (aka Dr. Doom) stated on CNBC: I don’t think the market is as overbought as it was in ’87, so I don’t expect a crash. But I think for the time being, … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged correction, Economy, equities, forecast, GDP, markets, recovery, Steven Hansen, unemployment, weekly review
1 Comment
Underlying Trends Say The Economy Is Growing Faster
Written by Steven Hansen Last week, my weekend “think piece” showed that the unadjusted data was not (yet) confirming an economic expansion. This week I shift to Econintersect‘s economic forecast which was published today: The index is now forecasting a … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged Economy, existing home sales, forecast, GDP, rail, recovery, Steven Hansen, unemployment, weekly review
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The Economy Is Improving – Really?
Written by Steven Hansen The Federal Reserve’s FOMC believes the economy’s rate of expansion is improving. It is not that the economy MAY be expanding at a faster rate – but the evidence is mixed to negative at this point. … Continue reading
Is USA Government Debt Finally Under Control?
Written by Steven Hansen You should be concerned with those who claim debt is subsiding, and therefore the government should continue high spending to stimulate the economy. Paul Krugman in a New York Times Op-Ed stated: But after peaking in … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged budget, debt, Economy, GDP, recovery, sequestration, Steven Hansen, unemployment, weekly review
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Are Economic Headwinds Imagined?
Written by Steven Hansen What are the commonly listed headwinds to economic growth in the USA? baby boomers not spending but saving for retirement; European recession; Divided government with no direction. The divided government should be a headwind as they … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged consumer spending, Economy, GDP, Steven Hansen, unemployment, weekly review
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Recession Markers Have Evaporated Except for ECRI’s Recession
Written by Steven Hansen This past week Industrial Production (analysis here) finally exceeded the July peaks, and now all of the economic broad measures are at 2012 highs. On 07 December 2012, Economic Cycle Research Institute (ECRI), a New York-based … Continue reading
Old People Distorting Understanding Of the Employment Situation
Written by Steven Hansen Ask 10 people what is the definition of unemployment, and you will get 10 different answers. The tragedy is that it is likely no person’s definition will match the definition used in the creation of the … Continue reading
Posted in Employment, Weekly Economic Summary, aa syndication
Tagged Economy, ECRI, goods, imports, recession, Steven Hansen, unemployment, weekly economic summary, weekly review
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Student Loans Destroying Consumption
Written by Steven Hansen Over the long Christmas Holiday weekend, The New York Times published For Poor, Leap to College Often Ends in a Hard Fall. The post is a anecdotal essay correlating being poor and the inability of those … Continue reading
Productivity is Bad: The Economy Follows
Written by Steven Hansen Pundits seem to comment on elements outside their comfort zone (areas of real expertise). Everyone is guilty from time-to-time. I know my comfort zones, and one is in labor and labor dynamics which formerly was the … Continue reading
Posted in Employment, Weekly Economic Summary, aa syndication
Tagged Economy, ECRI, goods, imports, productivity, recession, Steven Hansen, unemployment, weekly economic summary, weekly review
2 Comments
Is US Debt Caused by the Trade Imbalance?
Written by Steven Hansen ….. the fiscal (government) deficit in the US cannot go away unless we also deal with the trade deficit. As we will see, it is a simple accounting issue, and one based on 400 years of … Continue reading
Visualizing the Fiscal Cliff As a Life Extinction Event
Written by Steven Hansen [This post is loaded with sarcasm] A meteor coming towards the US East Coast is unlikely to stir up more headlines than the Fiscal Cliff – expiring tax cuts and forced spending cuts “destroying” America if … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged aa syndication, Economy, ECRI, fiscal cliff, goods, imports, income, recession, Steven Hansen, Tax, unemployment, weekly economic summary, weekly review
1 Comment
Making The Economy Grow by Adding More Debt
Written by Steven Hansen I pen this while listening to the pundits talk about the terrible economy moving forward. I too think the USA economy going forward will be mediocre at best. This week ECRI has stated the recession began … Continue reading
Posted in Weekly Economic Summary, aa syndication
Tagged aa syndication, debt, Economy, ECRI, GDP, goods, imports, Joe Sixpack, recession, Steven Hansen, unemployment, weekly economic summary, weekly review
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The Twinkies Effect On Employment
Written by Steven Hansen While we watch the drama over the demise of Hostess Brands, the financial media hums with the suggestion that the silly labor movement, as well as business errors have driven this company into the ground. Additionally, … Continue reading
The Economic Strangling of Joe Sixpack
Written by Steven Hansen I am not a lover of GDP as THE measure of the economy. GDP measures money movement across sectors of the economy that economists have determined is “productive” growth. Nothing is wrong with GDP as “one … Continue reading
