U.S. Trade Deficit Grows Due To Global Economic Crisis
The global economic crisis accelerated the US trade deficit, which rose in October by 1.1 percent to 57.2 billion dollars. The October results also showed that America’s trade gap with China had...
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Are the U.S. Government’s Statistics on the Economy to be Trusted?
There is an old adage which says there exist three types of lies; lies, damn lies and statistics. With that caveat in mind, how should one approach the government’s claim that the U.S. economy...
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Where is the American Consumer?
At its peak level of GDP, the U.S. economy depended on the American consumer for more than 70% of its output of goods and services. It has been the deleveraging of the American consumer, and to a...
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Third Quarter GDP Growth Figures Are Meaningless: Why The U.S. Remains In...
As if on cue, the Dow Jones index soared to the skies in sequence with the Commerce Department’s triumphant announcement that the third quarter GDP growth in the United States was a robust 3.5 %....
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U.S. Economic “Growth” At Stall Speed
An economy does not have to be in technical recession in order for it to be mired in economic crisis. That is what the latest GDP figures from the U.S. commerce department reveal about the American...
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U.S. Economy Contracted In Q4 Of 2012
The U.S. Commerce Department has just released data showing that the American economy shrank by 0.1 percent in the fourth quarter of 2012. This data is seen as a shocking development, particularly...
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U.S. Economy Growth Is Tepid
The U.S. Commerce Department released Q2 results that indicate that, at an annualized rate, the American economy grew at 1.7 percent. And Wall Street and its coterie of experts are ecstatic. Why, I...
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U.S. Economy Falters: Growth Fell In Last Quarter of 2014
According to revised data from the Commerce Department, the American economy grew by only 2.2 percent in Q4 of 2014, significantly lower than the earlier reported figure of 2.6 percent, which caught...
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U.S Economy Grew At Only Two Percent In Third Quarter of 2015
The U.S. Commerce Department revised slightly downward its already meager assessment of the third quarter of 2015. The updated data reveals that in Q3 the American economy grew at only 2 percent....
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U.S. Economy Stalled In Last Quarter of 2015
The revised data released by the Commerce Department indicates that America’s economy expanded by an anemic 0.7 percent in the final quarter of 2015. This level of GDP “growth” is essentially stall...
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U.S. Economy Stuck At One Percent Growth
The corrected data released by the Commerce Department for the second quarter of 2016 is even a little worse than the already bad initial estimate. In Q2 the American economy registered GDP “growth” of...
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