Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
The Depression Continues
Jesse Richman, 7/29/2011
To go along with Ray's posting, the Economist.com has a nice graphic of the revisions to GDP that accompanied the latest release by the BEA. One consequence of this major revision is that the U.S. economy is now believed to be smaller than it was before the crisis hit. The depression continues.
Archive
May 2013
Apr 2013
Mar 2013
Feb 2013
Jan 2013
Dec 2012
Nov 2012
Oct 2012
Sep 2012
Aug 2012
Jul 2012
Jun 2012
May 2012
Apr 2012
Mar 2012
Feb 2012
Jan 2012
Dec 2011
November 2011
October 2011
September 2011
August 2011
July
- The Depression Continues
- Can We Trust BEA's Quarterly Reports on the GDP?
- Prof. Boudreaux's Simplistic Ideology of Free Trade
- Make the Current Debt Limit Permanent
- Morici: Obama's proposal for taxing U.S. oil companies would reduce U.S. economic growth
- How to Cut Government Expenditures and Create Millions of Jobs Doing It
- Washington postponing real budget cuts
- Is the U.S. Bureau of Labor Statisics "Lying" About Unemployment Claims?
- U.S. Net Exports to China set record 12-month low in May
- Government Leaders and Their Economic Advisers Have No Idea How to Create Jobs
- How to Restore America's Manufacturing Innovation -- we're published in this morning's American Thinker
- Prof. Gomory On Our Need to Balance Our Trade With China
- Are the Media Massaging the Unemployment Data?
- Why President Obama's Economic Stimulus Plan Was a Failure
- Government procurement is a one-way street between U.S. & China
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
Categories:
Book Reviews
Capital Gains Taxation
Corporate Income Tax
Consumption Taxes
Economy - Long Term
Economy - Short Term
- Shale gas, not government, fueling our recovery - Ray was published in the Tribune Review on Friday
- Book Review of David A. Stockman, The Great Deformation: The Corruption of Capitalism in America (Public Affairs, New York, 2013)
- Shale Natural Gas Stimulates Economy As Federal Government Weakens the Recovery
- Morici predicts manufacturing and house price slumps
- ALERT: Good or Bad Economic News, Report of Initial Unemployment Claims
- At Last, There Are Signs of a Beginning to Recovery From the Recession
- The Unemployment Rate Is Closer to 15% Than 7.7%
- Trade Deficits Increase U.S. Debt Vulnerability
- The economy is really growing at about a 1.5% rate
- Ray was right -- the Obama Recession Begins!
- New Unemployment Claims still far above 2007 levels
- Half way through - Obama's first 5-year plan is a failure
- Obama Recession Begins? Unemployment Claims Escalate
- It Is "Across-the-Board" and a Tax Increase; It Is NOT "Over-the-Cliff"
- Obama Wants to Continue the Discredited Keynesian Policies of the Past
- Profiles of Courage on the Fiscal Cliff
- Rise in Initial Unemployment Claims Shows Lack of Economic Recovery
- The Real Fiscal Cliff
- Approaching the Fiscal Cliff Intelligently
- Nonsense Proposals by Pres. Obama and the Republican Leaders Are Over-the-Cliff
- $260 billion in budget cuts is not enough
- The Going Over-the-Cliff nonsense. What we need to do.
- CBO is Wrong about the fiscal cliff. House Republicans should Stand Strong.
- Employment Data Show No Economic Growth
- Environmental Fanatics and Governments That Do Their Bidding Are Preventing Economic Recovery
- Ray was right! The latest jobless claims were phony. A Labor Department economist blows the whistle on the phony report.
- U.S. Department of Labor Reports Implausible Employment Data
- The Shrinking Labor Force – More Important Than 7.8% Unemployment
- Free Trade With China? No, Fair Trade. No Artificial Barriers to Trade
- Investors Should Keep an Eye on Initial Unemployment Insurance Claims Data
- Getting the Fiscal Cliff Backwards
- Manufacturing Declines Continue
- The End of the Housing Bubble
- How the Federal Reserve Under Greenspan and Bernanke Caused the Housing Bubble and the Recession
- Again! Failure of the Media to Report Actual Claims for Unemployment Insurance
- Obama's Economic Stimulus Plans Are Actually Retarding Recovery
- Europe Is Committing Economic Suicide and So Is the United States
- Distinguished Economist Attacks Free Trade as Bankrupting the U.S.
- Eurozone experiment proves that imbalanced trade leads to disaster
- Wasting a Trillion Dollars to "Prevent" Global Warming Is Stifling Economic Recovery
- Pres. Obama Appoints Non-Economists to Key Economic Positions
- Bernanke needs to get with the program
- Rules vs. Authorities -- Listen to Ray's Feb. 18 radio interview
- David Stockman: The statistics coming out of the BLS and BEA are "The Economists' Truman Show"
- Jobs gain in January partly due to warm winter in U.S.
- Initial Unemployment Compensation Claims Exceeded 400,000 Week Ending January 28, 2012
- Morici: 8.5% unemployment may be as good as it gets
- CNBC TV, Bloomberg TV, Fox Business Channel, the Wall Street Journal and the New York Times Mislead Investors on Initial Claims for Unemployment Compensation
- Investors Are Entitled to Better Reporting of Unemployment Insurance Claims
- Payroll tax cut -- a new entitlement?
- United Kingdom's Prince Phillip Calls Wind Farms "Useless and a Disgrace"
- Bad Reporting of Initial Unemployment Insurance Claims Data Continues
- Economics of Greek, Italian, and U.S. Sovereign Debt Defaults
- Bernanke trying to hide the rise
- Bernanke: China's currency policy is causing the slow growth in the advanced industrial countries
- Pres. Obama's Job Act Ignores the Jobs Lost as a Result of the Trade Deficits, Environmental Foolishness, and His Opposition to Oil and Gas Drilling
- Lazy Analysts at CNBC, Bloomberg, and the Wall St. Journal
- The Jobs Act Is the Recovery ACT of 2009 Redux and If Possible Even Worse
- Mr. President, Here Are Some Ways to Create Millions of Jobs That Require No Increase in Government Expenditures
- Unemployment claims Have Fallen But the Economy is Stagnating. What we need to do.
- Unemployment Claims Fell and Did Not Rise As Reported. Did the Misinformation Help Cause the Fall in the Stock Markets?
- Prof. Feldstein Has No Recovery Policy
- Double the Dip?
- How Misleading Unemployment Claims Data Can Cause the Double Dip Recession
- The Depression Continues
- Can We Trust BEA's Quarterly Reports on the GDP?
- Prof. Boudreaux's Simplistic Ideology of Free Trade
- Make the Current Debt Limit Permanent
- Is the U.S. Bureau of Labor Statisics "Lying" About Unemployment Claims?
- Are the Media Massaging the Unemployment Data?
- Why President Obama's Economic Stimulus Plan Was a Failure
- Inflation climbs to 3.6% in May. Palin was Right -- We're published in today's American Thinker
- The Unanticipated Costs of the Wars In Iraq, Afghanistan, and Libya
- Inflation climbs to 3.57% in May
- Where is Housing Going? That Depends on Where You are Looking
- In Praise of Inflation
- Inflation reaches 3.16% in April
- 9% Unemployment is Strike 3 for QE2
- Congress Fools Around and Does Nothing to Create Jobs. Here Is What It Should Do.
- GDP growth was just 1.8% in first quarter. New Depression not Over.
- Rand Paul: We need to cut spending. The American dream is at stake.
- Exports down. Imports down. Growth estimates down.
- Consumer confidence is tumbling - economic growth will likely slow during 2nd Quarter
- Why Obama's $8billion Recovery Act Did Not Stimulate the Economy
- German and Chinese Surpluses and Growth; PIIGS and the U.S. Deficits and No Growth
- Money Supply during the Great Depression
- Pat Buchanan Gets the Trade Deficits Right But the Solution Wrong
- Will 2011 be another 1938 or another 1941?
- How to Create Productive Jobs and Avoid Global Warming Bankruptcy
- A Quick Economic Recovery With Jobs, Jobs, Jobs
- American output increased at a 3.2% rate in the fourth quarter, but real American income only increased at a 1.3% rate!
- U.S. Manufacturing Employment Rose in January
- How is QE2 doing so far?
- Sperling, a Poor Choice for Director of National Economic Council
- Government Wimps Masquerading as Economists
- A Scaled Tariff would Help Balance the 2011 Budget - we're published in today's American Thinker
- With No Program for Economic Recovery, the Republlicans Will Lose in 2012
- Not "Free Trade". Let's Have Balanced Trade
- The Employment Report Portrays a Dismal Outlook For the Economy
- Growing Trade Deficit continues U.S. Depression
- Sound Monetary Policy Is Necessary But More Is Needed
- Achieving Reasonably Balanced Trade Is an Act of Self Preservation
- Why Pres. Obama's Economic Stimulus Has Failed
- Only the USA's Leaders Are Foolish Enough to Embrace Unilateral Free Trade
- Being Deaf, Dumb, and Blind on Our Huge Trade Deficits!
- We Are Out of the Recession But Mired In a Depression
- Prof. Gomory Urges a National Policy of Balanced Trade Not Free Trade
- A Conservative Proposal for Economic Recovery That Won't Work
- Boeckh Nails It, but Opposes the Solution
- Reducing the Trade Deficits Is Essential for Economic Recovery
- The Housing Bust Redux
- Economists Don't Know How to Recover From the Recession
- U.S. Growth Slows Due to Trade Deficit -- we were published in the American Thinker this morning
- Krugman: G-20 summit will continue the depression
- Bush and Obama's Economic Stimulus Attempts
- Geithner and Summers Make Their Economic Mistakes Transparent
- Congress Is Responsible for This Recession; Not the Banks, Not Wall Street
- How the False Doctrine of "Free Trade" is Crippling the U.S. Economy.
- After the Euro, Fluctuating Currencies
- Bernanke optimistic that stagnation will continue
- G-20 Foreign Ministers give up on stimulus spending
- Employment report shows that the recovery is losing its thrust
- Dramatic Changes Needed to Recover From This Depression, Not Earmarks
- Evans-Pritchard: Summers call for yet another stimulus package is a tacit admission that the economy is losing thrust
- Congress Is Responsible For This Recession; Not the Banks, Not Wall Street
- Michael Pettis predicts Europe will be moving toward a trade surplus
- Wishful Thinking on House Prices and the Economy
- "Le Tarpe" will not work any better than did TARP
- Construction Employment has first uptick since June 2007
- US Manufacturing Employment is Rising
- Obama administration is impoverishing the U.S. middle class
- The Greek and the American Financial Crisis -- Similarities and Differences.
- Rogoff predicts high interest rates will force budget balancing
- Morici expects good jobs report on Friday
- Prof. Ralph Gomory on Thomas Friedman's Innovation Delusion
- How not to export your way out of a recession
- The Costly Obama Stimulus Is Not Working
- Bernanke starting to raise interest rates
- Is the U.S. Economy Growing?
- 4th Quarter GDP Shows Economy Heading Upward
- Jobs, Jobs, Jobs - We were published in American Thinker this morning
- Ambrose Pritchard: America Slides Deeper into Depression
- Manufacturing employment continued to decline in December
Real Estate Taxation
Trade
Miscellaneous
Outside Links:
Wikipedia:
Journal of Economic Literature:
Atlantic Economic Journal: