America's Economic Future – A Discussion By Ted Kavadas
I found a few items of interest in the September Wall Street Journal Economic Forecast Survey. Perhaps the most interesting were the questions asked of the economists, including “Why is the U.S. recovery so disappointingly slow?” Also, similar to recent surveys in which this double-dip question has been asked, the survey said “The economists on …
I found a few items of interest in the August Wall Street Journal Economic Forecast Survey. Perhaps the most interesting (and perhaps provocative item) was the following: “”It is irresponsible nonsense to claim that tax cuts ‘pay for themselves,’ ” said Nicholas Perna of Perna Associates.” As well, there a variety of interesting questions asked …
I found a few items of interest in The July Wall Street Journal Economic Forecast Survey. The economists surveyed continue to place a relatively low probability on a “double-dip” recession. As stated in the article, “Economists, on average, now see the odds of double-dip recession at 20%.” As well, there a variety of interesting questions …
Saturday’s (June 19) Boston Globe contained an interview with Larry Summers on the state of the economy. I found the phrasing in a couple of his statements, as seen below, notable: “Summers, the former Harvard University president and Treasury secretary under President Clinton, presented a cautious, measured view of economic conditions. For example, after expressing …
I found Ben Bernanke’s comments on the economic outlook, given last Wednesday (June 9), to be interesting. Here are some excerpts, as published in this Wall Street Journal article of June 10: “Federal Reserve Chairman Ben Bernanke offered guarded reassurances about the economy in testimony to the House Budget Committee Wednesday, saying a new recession …
I found The June Wall Street Journal Economic Forecast Survey was interesting on a couple of fronts. First, as stated in the article, “The economists in the survey put the odds of a double-dip recession at 19%.” Second, as seen in the detail of this survey, the survey now includes more forecast information for December …
On June 1 The Wall Street Journal had an article titled “Analysts Cheer For Recovery.” From the article: “Current estimates put the S&P 500 on track for earnings per share of $85.26 this year, according to Thomson Reuters, a return to 2007 levels. Analysts’ $96.61 forecast for 2011 earnings would mark a record that surpasses …
The May Wall Street Journal Economic Forecast Survey focuses on the economic problems in Europe and the odds of The Federal Reserve increasing interest rates. As seen in the detail of this survey, the current average forecasts for December 31, 2010 among economists polled include the following: Ten-Year Treasury Yield: 4.16% CPI: 1.8% Unemployment: 9.3% …
On April 12 Robert J. Gordon, a member of the NBER Business Cycle Dating Committee, wrote of the reasons why he believes that “It is obvious that the recession is over.” There are many noteworthy items in his article, and I could extensively comment on his arguments. Needless to say I disagree, fully or partially, …
The April Wall Street Journal Economic Forecast Survey contained a couple items of interest. First, an interesting quote in the survey: “”The Fed dropped the funds rate to near zero due to a fast and sharp decline in economy. Having avoided a 1930s-type scenario, is a 0% policy rate still justified?” said Joseph Carson of …