Economic data is still indicating very slow growth. Seasonal adjustments are particularly problematic due to distortions from the Great Recession and the New Normal.
Tag Archives: bank failures
USA Funding Growth Worldwide
QE2 dominated this week’s news, but there was also a good employment report. Other economic indicators were mixed.
The Banking Crisis Has a Long Way to Go
The banking has not reached the halfway point, maybe not even the midpoint of the first quarter. The FDIC has recorded 307 bank failures. The total could reach 1,800 – 3,000.
Recession Is Over – Now Where Are the Jobs
Weekly economic review: The recession ended 15 months ago but employment shows no signs of significant recognition of the event. Other areas of recovery are also weak.
Economy and GDP
Economic releases w/e 27 August 2010 continue to paint an economy with slowing but positive growth. GDP for 2Q2010 was revised downward to 1.6% annualized.