Joe Sixpack May Be Returning to Consumption Trough

Written by John Lounsbury and Steven Hansen The New York Times this week posted Consumers Unlikely to Rekindle the Recovery.  To “prove” their point they presented three nasty but unfortunately correct graphics.

Joe Sixpack’s Recession – Part II

Written by Steven Hansen Last week I presented a picture of Joe’s portion of the economy being in a recession.  Richjoy403 wondered: ….. do you suppose there could be relevant factors affecting Joe’s ‘world’ that are not reflected in your charts? My answer is absolutely there are both good and bad factors which are not …

Joe Sixpack’s Economy Is Already in a Recession

Written by Steven Hansen It comes as no surprise to me that many believe we are in a recession. Joe Sixpack’s portion of the economy sucks (e.g. not good, for those who are uncertain what “sucks” means). The metric used to gauge economic growth by APP (Academics, Pundits and Politicos) is GDP (Gross Domestic Product). …