Monthly Archives: April 2013

on Friday, the Bureau of Economic Analysis released the first estimate of Gross Domestic Product for the 1st Quarter of this year; against expectations of an annual growth rate of 3.0% or more, the reported growth rate of 2.5% over … Continue reading →

the focus of almost the entire economics blogosphere this past week was on an Excel coding error in an influential 2010 economics paper by Carmen Reinhart & Kenneth Rogoff; the paper alleged that once the ratio of debt to GDP … Continue reading →

although many of the details of Obama’s Budget for Fiscal Year 2014 were telegraphed well in advance, it nonetheless became the fiscal policy topic du jour when it was released Wednesday, and although chained CPI was only mentioned eleven times … Continue reading →

showing the cure rate for delinquencies that initiated prior to the holidays showing serious delinquencies by months delinquent

the March report on employment from the BLS was one of the weakest we’ve seen in a long time…according to the seasonally adjusted establishment survey, just 88,000 payroll jobs were added during March, the slowest job growth since last June, … Continue reading →