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.

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The Morning Economic Report
9:51 pm
Thu May 29, 2014

Economic Good News - 5/30/14

There is much about the U.S. economy with which to be pleased.  Real gross domestic product appears to be tracking above 3 percent during the current quarter.  Job gains have accelerated. 

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The Morning Economic Report
9:53 pm
Wed May 28, 2014

Economic Impact of Student Loans - 5/29/14

Most people would agree that large volumes of student debt are holding the economy back.  Just a decade ago, there were only about $300 billion in student loans outstanding.  Today, that figure is in the range of $1.1 trillion.  While that total is dwarfed by total mortgage debt in the U.S., $8.2 trillion, student debt is concentrated among a smaller group of people – many of them in their 20s and 30s.  These people often serve as the engine of economic activity, including with respect to the housing market. 

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The Morning Economic Report
9:46 pm
Wed May 28, 2014

Swiss Minimum Wage - 5/28/14

America is not the only nation wrestling with the minimum wage issue.  For instance, voters in Switzerland recently rejected what would have become the world’s highest national minimum wage, striking down a proposal for an hourly rate of 22 swiss francs per hour, which translates into 25 dollars.  As reported by Bloomberg, 76.3 percent of voters opposed the measure.  Swiss companies and the government had opposed the measure, arguing that it would have hurt the economy by increasing joblessness and triggering wage inflation across the board. 

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The Morning Economic Report
9:18 pm
Wed May 28, 2014

Income Inequality of the Past - 5/27/14

There continues to be a considerable amount of focus on income inequality in America.  But the early 21st century is hardly the only moment in economic history during which inequality became deeply problematic in America.  As pointed out in a recent article authored by writer Eduardo Porter, America faced similar issues during the late 19th and early 20th century. 

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The Morning Economic Report
5:30 am
Mon May 26, 2014

Negative Physical Impacts of Unemployment - 5/26/14

A recent article in the Washington Post highlighted one of the most damaging aspects of long-term unemployment – declining health.  While many economists focus upon the lost earnings suffered by the long-term unemployed and the deterioration of skills, fewer are likely to focus upon the negative physical and mental impacts associated with extended periods of joblessness.

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The Morning Economic Report
5:30 am
Fri May 23, 2014

American Entrepreneurship - 5/23/14

Americans cannot be blamed for considering their nation highly entrepreneurial.  After all, this is the country that produced social media giants like Facebook, Twitter and LinkedIN in recent years and many more companies beyond those.  But a new study supplied by the Brookings Institution concludes that the U.S. economy is less entrepreneurial now than it has been at any point during the past 3 decades. 

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The Morning Economic Report
5:30 am
Thu May 22, 2014

European Markets - 5/22/14

While most indicators suggest continued progress for the U.S.

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The Morning Economic Report
9:23 pm
Tue May 20, 2014

High-End Housing Market - 5/21/14

Reflecting the increasing disparities in income and wealth in America, the high-end housing market remains active even while lower priced properties face waning demand.  Home purchases of $1 million or more rose 7.8 percent in March from a year earlier according to recently released data supply by the National Association of Realtors.  By contrast, transactions of $250,000 or less, while represent nearly two-thirds of the market, fell 12 percent. 

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The Morning Economic Report
8:27 pm
Mon May 19, 2014

Miami Economics - 5/20/14

If you think about Miami, Florida, you may have visions of beautiful beaches, buildings and people.  The 2014 Wealth Report produced by London-based consulting firm Knight Frank LLP indicates that Miami ranks 7th among cities that matter to high net worth investors, ahead of Dubai, Paris and Beijing. 

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The Morning Economic Report
7:16 pm
Mon May 19, 2014

Renting vs. Buying - 5/19/14

As long as anyone can remember, buying a home has formed an important part of the American dream.  But in recent years, more people seem to have concluded that renting is preferable.  Reinforcing this view has been a recent run-up in home prices, which has made renting to appear to be even more of a bargain. 

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