Has Trade Overstated GDP? - Look carefully at this graph from the Economist, which compares official GDP numbers with alternative measures of industrial production: Note...
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April 15, 2004
Return of Inflation - Remember inflation? You know, that phenomena where increase in wages doesn't get you an increase in lifestyle, since all the...
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Is Growth Real? More on Inflation - The Bureau of Economic Affairs (BEA) has just done a massive reworking of how it calculates GDP, rejiggering numbers back...
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November 30, 2003
Is Growth Real III? - Steve Roach, chief economist at Morgan Stanley, is almost the designated head of the skeptics of the "New Economy" and...
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November 29, 2003
Is Growth Real II? - If inflation is being underestimated, then the inflation-adjusted growth numbers we've seen reported are overestimating growth. On top of the...
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November 28, 2003
Just Odd- Money Supply Falling - There's a quiet murmur on the edges of the economic profession that the US money supply has been shrinking since...
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November 27, 2003
Is Growth Real? - Now, the fact that growth is way up shouldn't be a surprising. Between massive government debt and personal debt being...
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