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). …

The Great Debate©: Will the U.S. Mirror Japan?

by Guest Author Robert Huebscher, Advisor Perspectives Larry Summers (left) and Paul Krugman (right) may share ideological leanings, but they disagree sharply about our economic prospects. Both agree that political gridlock is responsible for the failure to grow our economy, but is that impasse is so severe that the US is destined to endure the …

Economy: Sick but not Dying

Last week I stated that “other than a horribly weak economy, there are no major signs indicating an outright contraction.”    This needs to be expanded as an economy is not a homogeneous mechanism that ebbs and flows in unison.  There are economic elements which can be pointed at that are contracting or, if not contracting, …