On of the greatest myths in modern political discourse is that American manufacturing is disappearing. This is far from the truth. The Unit...

Continue Reading American Manufacturing Stronger than Ever

WaPo woefully predicts A Downturn We Don't Deserve. Meanwhile, an AP business writer says Index Points to U.S. Economic Expansion. Each has ...

Continue Reading Both Sides of the Story

Remember the Clinton Recession? Most people don't as consumer spending goes up in spite of high gas prices. It's 'cause incomes are up. Again. Technorati tags: Economics, Consumer Spending, T...

Continue Reading Economic News

Yesterday we heard that the DOW passed 13,000 for the first time in history. Today we find out that unemployment claims are sharply down, more than double that predicted by economist...

Continue Reading Bound to be Bush’s Fault

Take Robert Shiller's graph of US housing prices from 1890 to the present adjusted for inflation (from his book Irrational Exuberance), and ...

Continue Reading Take a Virtual Ride

Retiring Delta Air Lines CEO Gerald Grinstein is turning down the post-bankruptcy compensation package that he is entitled to. He told Delta to use the estimated $10 million to help the employees: Grinstein, who h...

Continue Reading CEO Refuses to Accept Golden Parachute

From the ever-insightful Say Anything: The last thing we need is a tax increase to slow down the economy.  Tax rates can never keep up w...

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From the peak last Monday, to the close last Friday, the Dow Jones Industrial Average fell 5.3%, the NASDAQ tumbled 5.5% and the S&P...

Continue Reading Stock Volatility: It’s Not the Economy

German economic growth ended 2006 on a high note. Real GDP grew 3.7% in 2006, the fastest growth rate in more than 15 years, more than...

Continue Reading Germany: A One-Year Wonder?

The personal saving rate was negative 1% in 2006 (equal to negative $92 billion), the second straight negative year and the lowest since...

Continue Reading Personal Saving Rate is a Misleading Indicator

This week, Federal Reserve Board Chairman Ben Bernanke goes to Capitol Hill to give his semiannual testimony to Congress. Many members...

Continue Reading Bernanke Goes to the Hill