economic statistics

See America’s income inequality grow during 1979-2011, a driver of Campaign 2016

Summary: To understand this election we must see the accumulated stresses which produced the insurgencies in both parties. Rising income inequality — “the hollowing out” of the middle class and rise of the 1% — is probably the biggest, yet still poorly understood (until recently conservatives denied it). This great study by one of our …

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What’s Going On With The Economy: Making Sense Of The Clashing Numbers

Summary; Here is a look at today’s data, helping to spark a rally but in fact showing a slowing economy. Today’s numbers show the clashing signals typical of an economy nearing an inflection point — in this case, typical of an economy before a recession (or an economy pausing before surging).  {2nd of  2 posts …

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Measuring the 21st Century: are our eyes on the economy corrupt & incompetent?

Summary: The government’s statistics provide the eyes by which we see the US economy. This NBER article explains how they’re working to keep the numbers accurate as the world changes, and reminds us why we shouldn’t listen to the those on the Right who question their skill and integrity. The bad news: we lost a …

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How to watch the economy & prepare for the next recession

Summary: Our sophisticated information systems deliver a blizzard of economic statistics. I strongly recommend that you ignore them, unless useful to you professionally. Life is short; nothing can be gained by collecting and pondering the snowflakes.  Here are some numbers you might find useful to watch. Their only value comes from what you do with …

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