The Morning Economic Report

The Morning Economic Report
5:21 pm
Wed November 26, 2014

Back in a Borrowing Mood - 11/27/14

Consumers are back in a borrowing mood.  For a number of years during and after the Great Recession, aggregate consumer debt was in decline as families sought to deleverage.  Part of this deleveraging was forced on people who found it generally more difficult to obtain credit relative to the past.  But this has changed. 

Read more
The Morning Economic Report
8:46 am
Wed November 26, 2014

Global Population - 11/26/14

United Nations researcher Patrick Gerland along with co-authors recently published an incredibly important article in the journal Science – an article recently featured in the New York Times.  The authors argue that contrary to previous estimates, global population is unlikely to peak anytime soon.  Rather, the authors see an 80 percent probability that the world’s population, now 7.2 billion, will rise to as much as 12.3 billion by the year 2100. 

Read more
The Morning Economic Report
8:17 am
Tue November 25, 2014

Biggest Risks for 2015 - 11/25/14

According to recently published survey by the World Economic Forum, worsening income and wealth inequality jumped to first place as the biggest risk for 2015, trumping unemployment.  The World Economic Forum surveyed nearly 1,800 participants across every continent. 

Read more
The Morning Economic Report
9:30 am
Mon November 24, 2014

Holiday Shopping Season - 11/24/14

Retailers are hoping for a banner holiday shopping season this year and they just might get it.  Retail recovery has been inconsistent in recent months due to a combination of factors, including weather, soft income growth, Ebola scares and other forces.  Monthly sales actually declined during September in the U.S. 

Read more
The Morning Economic Report
9:06 am
Fri November 21, 2014

Economic Outlook - 11/21/14

One of the most remarkable aspects of economic life is that people still feel pretty grumpy about the economy.  Though consumer confidence has been rising in recent months, there is a perceptible lack of excitement about U.S. economic performance despite ongoing job growth and unemployment now below 6 percent. 

Read more
The Morning Economic Report
9:08 am
Thu November 20, 2014

Public Sector Growth - 11/20/14

The public sector is growing again.  In recent years, government employment and output has been in decline, in part because of sagging State and local government tax revenues in much of the country and because of shifts in federal spending.  But during the first three quarters of 2014, the U.S. public sector expanded 1.8 percent after adjusting for inflation. 

Read more
The Morning Economic Report
9:10 am
Wed November 19, 2014

Data Revisions in Economic Reports - 11/19/14

One of the challenges of being an economist is that one often works with unreliable data subject to multiple revisions.  As pointed out by writer Floyd Norris, errors in the data are most likely to be severe when the economy is turning, such as during the early or late stages of a recession.  Figures regarding jobs and unemployment have been particularly scrutinized in recent years.  Part of the problem is that labor market statistics come from 2 key surveys, each with its own issues. 

Read more
The Morning Economic Report
9:30 am
Tue November 18, 2014

Inflation - 11/18/14

Many people express skepticism regarding economic statistics provided by public agencies, including measures of inflation.  Part of this is likely based in a fundamental misunderstanding – inflation is not the same thing as cost of living.  One’s cost of living may be rising for any number of reasons, including because one now uses an incredibly capable cell phone, drives a technology-laden automobile, or is sending a child to college. 

Read more
The Morning Economic Report
5:33 pm
Mon November 17, 2014

Internet In America - 11/17/14

The Internet was invented in America.  Why then does America not have among the world’s fastest broadband speeds?  According to writer Claire Cain Miller, downloading a high definition moves requires about 7 seconds in Seoul, Hong Kong, Tokyo, Zurich, Paris and Bucharest, and people pay as little as 30 dollars a month for that connection. 

Read more
The Morning Economic Report
5:28 pm
Mon November 17, 2014

American Debt Increase - 11/14/14

After years of deleveraging, many American households seem to have regained their appetite for debt.  This has many implications for the U.S. economy, including for auto dealers, who have generally been having a terrific year, and for realtors, who are still waiting for a significant bounce back in home sales. 

Read more

Pages