Can You post job loss RATE graphs again? As I understand, with August 216 000 after July 276 000 (decrease by 22%) USA is coming out of recession fast. Small hickup in recovery in August, but it ...
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147538
To all those heaping criticism on this great effort, I say "Dammit man, Jim is just a Doctor, not a magician!" Great stuff Jim, keep it up! Thank you.
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147537
Having your emoticon be solely based on GDP prospects makes it pretty limited. Maybe instead base it on your recession indicator--recession (going down), stagnant, recovery (going up but still be...
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147536
I hope you are right. I think this is a quantum shift in wages. Folks just aren't going to earn as much as they once did, which sort of indicates that even though GDP may be recovering, consumer ...
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147535
One should apply Occam's razor theorem to the current economic environment. Step outside and walk across the US...actually take the time to visit areas devastated by the recent economic fallout, ...
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147534
and the Baltic Dry Index? Its been going down lately :-( China shares as well . . .
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147533
Increased spending with flat income suggests to me more financial stress. Unless peoples debt burden fell significantly, I think more risk has entered the system.
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147532
The upgrade from sad face to straight face strikes me as a solid contrarian indicator. As we move past the eye, I look for the storm to feel quite fierce for the next 6 months to a year.
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147531
The flat income data last month is a big improvement over recent months when nominal personal income was falling. The year over year change in nominal personal income growth is negative for the f...
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147530
I look for a sharper consumption decline after Labor Day, with car sales falling again. Housing is getting an artificial boost in some markets. Neutral seems about right in the very short term...
https://econbrowser.com/archives/2009/08/econbrowser_emo#comment-147529