America's Economic Future – A Discussion By Ted Kavadas
In the previous blog post I wrote of the issues and implications regarding the current economic growth rate. There are a variety of sources and methods one may use in trying to gauge current and future economic growth. In this blog I frequently highlight and discuss many I feel are prominent and/or noteworthy. However, I …
This post, and the next, will deal with economic activity and economic indicators. My most recent update of various economic indicators was on March 15. One indicator that I have yet to add to this list is that of the Chicago Fed National Activity Index. Many people believe the Chicago Fed National Activity Index to …
Saturday’s Wall Street Journal chronicles the latest housing intervention plan in a story titled “Mortgage Plan Remodeled Again.” I have written extensively about the residential real estate problems and dynamics thereof. It strongly appears as if we, as a nation, have come to a place where there is hardly a real estate intervention that we …
Alan Greenspan recently gave a lengthy video interview on Bloomberg. A short summary is found at this link; the actual video is the first listed near the bottom of the article. I found the video to be most interesting. Greenspan elaborates upon his recent “The Crisis” paper, which I mentioned here. As well, he discusses …
As a continuation of yesterday’s post, here are three other charts that I find disturbing in nature. These charts raise a lot of questions. Many of these questions I have discussed in the blog, as I believe they are very significant in nature. Additionally, these charts should highlight the “atypical” nature of our economic situation …
In the next two posts, I am going to display various charts that I find disturbing. These charts would be disturbing at any point in the economic cycle; that they depict such a dismal situation now – 9 months into what most believe is an economic recovery – is especially notable. Many more such charts …
Last Thursday, Alan Greenspan’s “The Crisis” paper (pdf) became available. I assume this is the paper that Alan Greenspan has previously spoken of, as seen in my previous post on his defense of his tenure. For now I simply want to post a link to the paper. I may further comment upon the paper at …
I would like to make a few comments regarding the health care legislation. I’ve written a few posts mentioning health care; here are the most substantive. First, as I’ve previously written, the health care system that we now have needed to be changed. It clearly has evolved into something that is unsustainable economically as well …
On Thursday President Obama signed the HIRE Act, a jobs stimulus. The summary of the signing can be found here. There is also a transcript of his remarks found here. I could make many comments about this jobs stimulus. However, as an intervention measure, it has many of the same characteristics of other interventions. As …
Crain’s recently came out with their list of the largest Chicago-area employers. What I found notable was that the top 5 employers are various government entities (federal, state and local). Of course, this situation is not unique to the Chicago area. Many states have a large percentage of their total jobs as government jobs. While …