Economy
GDP Rose by $1.0 Trillion in 2018, US Gov. Debt by $1.3 Trillion
by Wolf Richter • • 103 Comments
How Much Illusion in GDP? What You See Is Not What You Get
by Wolf Richter • • 57 Comments
Economy “Surprises” to Downside, Growth Near Zero. Atlanta Fed GDPNow Forecast just about Nailed it
by Wolf Richter • • 97 Comments
Atlanta Fed GDPNow Forecast for Q1 Drops to Almost Zero
by Wolf Richter • • 45 Comments
Something Rotten Is Piling Up in this Economy
by Wolf Richter • • 15 Comments
A New Red Flag for Our Rosy Economic Scenario
by Wolf Richter • • 8 Comments
“But The Rising Star Is The USA”
by Wolf Richter • • Comments Off on “But The Rising Star Is The USA”
The Empire State Vixen Index And Other Befuddled Ironies
by Wolf Richter • • Comments Off on The Empire State Vixen Index And Other Befuddled Ironies
We’ve all heard about Wall Street employees who lost their jobs and ended up doing something unrelated, chasing after a dream, starting up a software company, working on a crab boat, teaching English to immigrants, run a taco truck, become a pole dancer…. So there should be indices that measure the number of people undergoing sudden and unlikely career changes—to give us a better gauge of the real job market.
The Inexplicable American Consumer Hits A Wall
by Wolf Richter • • 7 Comments
The strongest and toughest creature out there, and maybe the smartest one, that no one has been able to subdue yet, the inexplicable American consumer has hit a wall. It showed up in a prosaic but ugly 8-K filing by Visa—a staggering and sudden shift that pundits tried to explain away somehow by referring to recent changes in debit card regulations. I mean, come on.