January 2014 Industrial Production Has Bad Internals

Written by Steven Hansen The headlines say seasonally adjusted Industrial Production (IP) declined in January. Econintersect‘s analysis using the unadjusted data concurs – but adds that the internals are far from good.

December 2013 Consumer Credit: Credit Card Use Up

Written by Steven Hansen Econintersect analysis is that total consumer credit growth accelerated 0.1% month-over-month, and the year-over-year growth is 6.2% – up marginally from last month. The seasonally adjusted consumer credit headlines are showing a growth of 4.5% – the headline numbers are extremely noisy. Credit card growth was up in December compared to …

It’s Time to Eliminate the US Corporate Income Tax

by Laurence J. Kotlikoff, Voxeu.org Though taxing corporations may be a political no-brainer, it may be a big economic mistake. This column discusses recent research showing that the tax is not paid primarily by rich corporate shareholders. They can, and do, move their capital away from countries that have high corporate rates. Eliminating the US …

U.S. Economy Gaining Momentum

by James D. Hamilton, Econbrowser.com Appeared originally at Econbrowser 30 January 2014 Caption illustration added by Econintersect. The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 3.2% annual rate in the fourh quarter. That’s two quarters in a row now of above average growth. Given recent experience, that sounds pretty …

Strong GDP Numbers Not Reaching Main Street

BEA Estimates 4th Quarter 2013 GDP Growth at 3.22% Annual Rate, Down Modestly from 3rd Quarter by Rick Davis, Consumer Metrics Institute In their first estimate of the US GDP for the fourth quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 3.22% annualized rate, down .9% …