Deflation Treatment: Stabilize Symptoms, then Address the Cause

Deflation: The Failed Macroeconomic Paradigm Plumbs New Depths of Self-Parody by William K. Black, New Economic Perspectives Patient bleeding out? Don’t treat the bleed; keep the crash cart nearby Imagine you were a doctor in the ER when a patient was brought in presenting symptoms indicating a likely internal bleed. Here are the two critical …

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 …

Final January 2014 Michigan Consumer Sentiment Little Changed

by Doug Short, Advisor Perspectives/dshort.com The University of Michigan Consumer Sentiment final number for January came in at 81.2, an increase from the 80.4 preliminary report, but below the December final of 82.5. Today’s was slightly above the Investing.com forecast of 81.0. The index is off its 85.1 interim high in July of last year.