Monthly Archives: August 2012

the year end “fiscal cliff”, which we have covered before, was back in the news this week, by virtue of a CBO (Congressional Budget Office) update to the budgetary and economic outlook (pdf) that was released mid-week…while the report from … Continue reading →

the first economic release that we’ll cover this week is the advance estimate of retail sales for july from the census bureau, which showed the first monthly increase in seasonally adjusted sales in 4 months, with the headline reading up … Continue reading →

  except for the ongoing kerfuffles over Romney’s unrevealed tax returns, his mathematically impossible tax reform plan, and his team’s white paper on economic policy (which was quickly & widely refuted by the economists it cited), it was a comparatively … Continue reading →

a few caveats before we look at the employment situation summary for July from the BLS…first, July is subject to a large upward seasonal adjustment, the 2nd greatest after january’s; while June jobs had been adjusted downward to compensate for … Continue reading →