The Morning Economic Report

Monday-Friday at 7:33 am

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants.  Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes.  Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.

He is the author of numerous regional publications including the Mid-Atlantic Economic Quarterly and Outlook Maryland. Anirban completed his graduate work in mathematical economics at the University of Maryland.  He earned a Masters in Public Policy from Harvard University in 1992.  His Bachelors in Foreign Service is from Georgetown University and was earned in 1990.

Pages

The Morning Economic Report
8:26 am
Tue July 1, 2014

Coal Comeback - 7/1/14

Coal may be making a comeback.  Conventional wisdom suggests that coal will gradually be replaced by natural gas and other fuels.  Since the 1950's, coal has been the mainstay of electricity production in America, but its market share has been falling.  According to Bloomberg, it accounted for 39 percent of total U.S.

Read more
The Morning Economic Report
8:42 am
Mon June 30, 2014

Regional Growth - 6/30/14

Economic activity in the Northeast and Midwest is becoming more vigorous as these regions of the U.S. emerge from a difficult winter.  According to Moody’s Analytics, new residential construction permits surged in March in the Northeast after declining significantly in both January and February.  Payroll employment growth in the Midwest posted its strongest rate of growth for the year in April.  The Federal Reserve’s manufacturing indices for both the Northeast and Midwest rebounded handsomely in April and May flowing periods of decline or slow growth during the year’s initial quarter. 

Read more
The Morning Economic Report
8:37 am
Fri June 27, 2014

Educational Achievement - 6/27/14

Educational achievement continues to represent the most obvious way to attain prosperity in America.  A new study by MIT profession David Autor indicates that in 2012, a typical family of graduates from a four year college earned about $58,000 more than a family of high school graduates.  The payoff from a college degree is nearly twice as large as it was in 1979.  One of the reasons for this enormous payoff is that not enough Americans end up earning a college degree, serving to increase the value of those who have one.  Employers have been complaining for years about a lack of skilled workers and these complaints appear to be grounded in reality.

Read more
The Morning Economic Report
8:21 am
Thu June 26, 2014

Graduating Into a Recession - 6/26/14

If you graduated from college in 1990 or 2001 or in 2008, you were unlucky since you happened to graduate in to a recession.  Studies indicate that graduating into a recession can haunt young people for years, impacting their employment options, salaries and even their health and happiness.  But as pointed out by writer Claire Cain Miller, recessions don’t treat all college graduates equally. 

Read more
The Morning Economic Report
4:39 pm
Wed June 25, 2014

State of the Economy - 6/25/14

Recent data regarding the national economy have been generally upbeat.  Home building activity remains above the one million unit per year rate.  The nation has been adding more than 200,000 jobs per month recently, and stock valuations remain high.  But while certain aspects of the economy are improving, worker pay isn’t, at least not to the same extent. 

Read more
The Morning Economic Report
12:30 pm
Tue June 24, 2014

USA Median Wealth - 6/24/14

America remains a wealthy nation.  The latest Credit Suisse Global Wealth Report indicates that America’s average wealth exceeds $300,000 per adult, enough to rank America fourth in the world behind only Switzerland, Australia and Norway.  But that’s average wealth – the figure is misleading because it really doesn’t speak to how the middle class is doing financially. 

Read more
The Morning Economic Report
5:30 am
Mon June 23, 2014

Impact of Student Debt - 6/23/14

It is simply impossible to ignore the impact of student debt on the U.S. economy.  Before the recession, many state colleges, which educate about 70 percent of the nation’s students, reacted to state budget cuts by raising tuition.  Tuitions expanded even more quickly at many private colleges and universities.  Left with few good options, students and their families financed increasingly expensive college educations by relying more heavily upon student loans.

Read more
The Morning Economic Report
12:28 am
Fri June 20, 2014

Recession Recovery - 6/20/14

It has been 5 years and 5 days since the official end of the recession.  Total national output has now edged significantly above its prerecession peak, but economic growth has average only about 2% a year during the recovery, well below its historic average.  As indicated by writer Binyamin Applebaum and others, household incomes continue to stagnate and unemployment remains elevated.  Ours is a society that has become accustomed to 3% growth. 

Read more
The Morning Economic Report
12:25 am
Fri June 20, 2014

Retiring Baby Boomers - 6/19/14

With the stock market doing so well in recent years and with father time inexorably marching onward, a growing number of Baby Boomers seems to be asking the question, “To where should we retire?” rather than when or whether to retire.  According to a recent report from Better Homes and Gardens Real Estate recently highlighted in the New York Times, 57% of baby boomers say they intend to move to a new home in retirement. 

Read more
The Morning Economic Report
11:55 pm
Thu June 19, 2014

Economic Growth in High Income Economies - 6/18/14

In an extraordinarily provocative article, writer Tyler Cowen offers a possible explanation for the continued softness of economic growth in high income economies.  While some have pointed to the impacts of technology and globalization on middle class incomes or the effects of de-industrialization generally, Cowen suggests that the explanation may lie in the "persistence and expectation of peace." 

Read more

Pages