The Dangerfield Economy
By any objective measure, the U.S. economy continues to perform in a more-than-respectable manner. Growth since the Bush tax-rate cuts of mid-2003 has averaged more than 3.6 percent. Historically sound ...
Another Good Year On Deck
The economic indicators are painting a very bullish picture of the U.S. economy. In fact, the ongoing flow of good-news data has led President Bush to proclaim that the U.S. ...
Bernanke & The Price Rule
The markets appear pleased with the president’s nomination of Ben Bernanke to succeed Alan Greenspan as Federal Reserve chair next year. But the imminent retirement of the Maestro poses two ...
Cutting Through The Static
Recent natural and political events have the potential of creating a perfect storm that could derail many of the positive economic developments that were spurred on by the Bush administration ...
Greenspan The “Risk Manager”
The remarks of Alan Greenspan at the recently concluded Jackson Hole conference were quite enlightening. The Maestro touched on what he considered the most important developments in the way monetary ...
Making Sense of “Mixed Signals”
There is considerable disagreement regarding the future path of the U.S. economy. Manufacturing data continues to trend lower, but job growth and retail sales have surprised on the upside. In ...
The Growth-Driven Oil-Price Increase
By Victor A. Canto and Samir Ghia
The surge in oil prices has managed to grab the market’s attention. Some analysts worry that higher oil prices, acting like a new tax ...
It Takes Two
Recent political events seem to be going President Bush’s way. Elections in Afghanistan, Iraq, Palestine, and Ukraine — and more recently the positive developments in Lebanon as well as ...
Good, Bad, and Ugly?
Back on January 18, the Wall Street Journal published three stories that, taken together, painted a confusing picture of the current economic environment. The headlines set forth the muddle: “Tax ...
The Savings-Rate Scare
By Victor A. Canto and Andy Wiese
’U.S. Savings Rate Near a Low Point” was the headline of a recent Wall Street Journal article. In fact, according to the story,
It was ...