Category Archives: Government Spending

personal income/spending, labor charts and comments, ISM, construction spending, earnings chart

The mainstream assert that the drop in oil prices is an unambiguous positive for the US economy, as it’s like maybe a $200 billion tax cut for consumers. The idea is that the $ saved on oil products get spent … Continue reading

Posted in Employment, Government Spending, Oil |

my comments on comments on the CBO report

STAFF ANALYSIS OF THE CONGRESSIONAL BUDGET OFFICE’S BUDGET AND ECONOMIC OUTLOOK, 2015–2025 “Political differences shouldn’t prevent us from taking bold, decisive action to address America’s dire financial outlook. Yes, there is an acute shortage of available desired savings as indicated … Continue reading

Posted in Deficit, GDP, Government Spending |

happy new year!

The above chart is real final demand. Finally back to long term average. A few charts below that show what’s happened to govt under Obama. A capex related charts not looking so good. And the auto industry has a bit … Continue reading

Posted in Government Spending |

Credit check, CBO suggestions

Nothing happening on the credit expansion side of consequence that I can detect: Seems the CBO should stick to simple reporting: CBO Presents Options for Reducing the Deficit: 2015 to 2024 from the Congressional Budget Office The Congress faces an … Continue reading

Posted in Credit, Government Spending |

State and local govt charts

The bulk of the boost is coming from state and municipal governments. After tightening their budgets for three years following the end of the recession, they began stepping up spending in 2013 and continued to do so this year Except … Continue reading

Posted in Deficit, Government Spending |

Employment and related commentary

Seems universally agreed the labor market is ‘improving’ even as the jobs chart has been downward sloping since the peak in April, wage growth has softened from relatively low levels, and the work week fell back some. It’s all screaming … Continue reading

Posted in Employment, Government Spending |

Bill Mitchell on the secular stagnation hoax

The secular stagnation hoax

Posted in Employment, Government Spending, Interest Rates |

Potential GDP Revisions and/or Reversals

A couple of things stand out for either revision or reversal next quarter. One is the increase in govt spending and the other the increase in net exports. Together they added about 2% to yesterday’s Q3 GDP release.  So excluding … Continue reading

Posted in GDP, Government Spending |

There is no right time for the Fed to raise rates!

There is no right time for the Fed to raise rates! Introduction I reject the belief that economy is strong and operating anywhere near full employment. I also reject the belief that a zero-rate policy is inflationary, supports aggregate demand, … Continue reading

Posted in Deficit, Fed, Government Spending, Interest Rates, Proposal |

Macro update

First this, supporting what I’ve been writing about all along: Here’s Proof That Congress Has Been Dragging Down The Economy For Years By Shane Ferro Oct 8 (Business Insider) — In honor of the new fiscal year, the Brookings Institution … Continue reading

Posted in Fed, Germany, Government Spending, UK, USA |