Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
The rich are getting poorer, and the poor are getting richer... but you wouldn't know it from the press coverage
Jesse Richman, 10/10/2019
A recent piece on Real Clear Markets does an excellent job of taking down recent highly distorted reporting of the poverty and income growth data for 2018 that the Census Bureau recently released.
Most of the commentary suggests inequality is increasing and Trump is to blame. But in fact the incomes of the lower income groups are increasing faster than the incomes of high income groups.
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Oct 2019
- The Fed and the Dollar Shortage Abroad
- The rich are getting poorer, and the poor are getting richer... but you wouldn't know it from the press coverage
- The rich are getting poorer, and the poor are getting richer... but you wouldn't know it from the press coverage
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Economy - Long Term
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- The Fed and the Dollar Shortage Abroad
- The rich are getting poorer, and the poor are getting richer... but you wouldn't know it from the press coverage
- The rich are getting poorer, and the poor are getting richer... but you wouldn't know it from the press coverage
- Trump's Tariffs are keeping the US out of a Recession - We're published in this morning's American Thinker blog
- Trump's Tariffs helping keep US out of a Recession
- The Proposed Border Tax Would Derail President's Proposals to Reduce Trade Deficits
- Prof. Martin Feldstein Makes a Poor Case For the Border Fax
- Free Trade Has Been a Disastrous Policy for the USA
- The Border Tax and the Value-Added Tax Are Bad Proposals
- Answer to Prof. D. J. Boudreaux’s Questions for Trump’s Supporters
- Time to End the “Free Trade” Ideology and Substitute “Balanced Trade” Economics Instead
- Bubbles are popping - a recession is coming!
- How Trump could get the Economy Going -- we were published in the American Thinker this morning
- An Economist's Plan to Increase Economic Growth And Create Jobs
- The Economics of the Greek Crisis and Its Economic Solution
- Is it 1929 again? - reposted from August 29, 2003
- The Negative Consequences of a Free Trade Policy in an Unfree Trade World
- Government Interference in the Economy Has Been an Unmitigated Disaster
- Chinese Firms Particularly Vulnerable?
- China's imports up just 0.6% in 2014
- China pulls December trade statistics
- November trade report suggests that a worldwide recession is starting
- US Economic Growth 2.7% over last year. China about same.
- Why are oil prices falling?
- Conservatives Want to Eliminate the Ex-Im Bank Which Creates Jobs While Costing the Taxpayer Nothing
- Inversions Are Not a Problem; the Real Problem Is Outsourcing
- The Unemployment Claims Filed Last Week Were Even Worse than the Week Before Reported Below
- How is the Economy Doing? The Weekly Unemployment Insurance Claims Say "Not So Good"
- Is the U.S. stock market going up because of Central Bank Purchases?
- Obamacare Slowdown: Economy Shrank at 1% rate in first quarter
- Fiscal and Monetary Policies Are Ineffective in an Economy Characterized by Monopolistic Competition
- Why Stock Markets Boomed While Economic Growth and Employment Stagnated
- Where Is the Economy Going? Sideways, Mostly.
- How the Corporate Income Tax Contributes to Income Inequality
- Rising Initial Unemployment Insurance Claims Bodes an Economic Downturn
- Initial Claims for Unemployment Insurance Are a Wake Up Call Again
- Turkey in free fall
- Are We About to Experience the Obama Recession?
- Jobless Claims Up -- Ray and I were published on the American Thinker blog this morning
- The Media Silence on the Explosion in Unemployment Insurance Claims
- World Economic Growth is Slowing -- we were published in today's American Thinker
- World Economic Growth is Slowing
- Obamacare is a Classic Case of Bad Economics From Conception to Implementation
- The US Did Not Create 205,000 New Jobs in October, 2013 -- Jobs Fell by 499,000
- Weekly Unemployment Insurance Claims Week Ending October 26
- How the Republicans Could Have "Won" the Partial Government Shutdown
- Is it 1929 again?
- US long term interest rate up due to sales of dollars by foreign investors
- Rise in Initial Unemployment Claims Shows Lack of Economic Recovery
- Rise in Initial Unemployment Claims Portends Another Recession
- Why U.S. long-term interest rates have been rising since May 1
- Manufacturing Employment Down for Third Month in a Row
- Household Consumption Falls and the Market Plunges
- 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
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