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growth

Debt Surge Producing Fake Recovery

January 7, 2017 29 Comments

What do the following headlines have in common? US wages grow at fastest pace since 2009 Euro area economy ended year with strongest growth since

The Only Thing Growing Is Debt

July 16, 2015 8 Comments

The past few days have seen another batch of blah economic reports in the US: Weak U.S. retail sales hint at slower economic growth (Reuters)

We’re Very Disappointed In You!

March 17, 2015 11 Comments

Another day, another “unexpectedly” bad economic report. Lately it seems like a lot of what US government statisticians say comes as an unpleasant surprise for

US GDP Even Worse Than It Looks, Again

May 29, 2014 12 Comments

As expected, the US revised the most recent quarter’s GDP from barely positive to sharply negative today. But once again the true extent of the

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