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Fact of the Week

FACT OF THE WEEK: Uncorking Inflation

By at 22 July, 2014, 3:41 pm

With the Federal Reserve running loose money without any precedent in the history of our nation, and for almost six years now, is inflation finally being uncorked? The rise in the Consumer Price Index (CPI) over recent months points to real and significant concerns about inflation. As defined by the Bureau of Labor Statistics, the […]


FACT OF THE WEEK: Industrial Production, the Economy and Energy

By at 17 July, 2014, 3:45 pm

The Federal Reserve released industrial production data for June and the second quarter of 2014 on July 16, and the numbers generally buttress the idea of a bounce back in economic growth in the second quarter. Unfortunately, though, as we have seen throughout this poor recovery, this does not mean economic growth will be sustainable. […]


FACT OF THE WEEK: Another Piece of Labor Market Puzzle

By at 10 July, 2014, 3:19 pm

We got another piece of the labor market puzzle on the morning of July 10 with the U.S. Department of Labor releasing the latest initial jobless (unemployment insurance) claims for week ending July 5. Coming after a generally positive jobs report for June, initial jobless claims fell by 11,000 last week to 304,000. That compares […]


Five Key Points on June Jobs Data

By at 3 July, 2014, 11:32 am

Well, we finally got a rare solid month on the jobs front in terms of both the government’s establishment (payroll) and household surveys. However, the continuing and very troubling decline in self-employment continued. Consider five key points on the jobs numbers: 1) PAYROLLS UP: The establishment survey showed that payrolls for June increased by 288,000. […]


That Incredibly Shrinking First Quarter GDP

By at 26 June, 2014, 5:39 pm

Real GDP growth just keeps shrinking. Actually, it’s more accurate to say that the decline in real GDP during the first quarter keeps getting larger with each revision. When the Bureau of Economic Analysis released it’s first estimate of real GDP growth for the first quarter of 2014, it registered 0.1 percent. The second revision […]


The Latest Inflation Data and What its Means for Small Business and the Economy

By at 17 June, 2014, 6:16 pm

On June 17, the U.S. Bureau of Labor Statistics (BLS) offered the first look at consumer price inflation in May. CPI inflation jumped by 0.4 percent, which was the fastest monthly increase since February 2013. In fact, CPI inflation has now accelerated for three consecutive months – moving from 0.1 percent in February to 0.2 […]


The EPA is Not Popular

By at 12 June, 2014, 4:59 pm

Make the case against the formidable costs imposed by, and regulatory actions and overreach undertaken by the Environmental Protection Agency (EPA), and supporters of the agency attempt to write off any such criticisms as being biased attacks from “industry.” That is nothing more than an ad hominem attack. It’s a way of avoiding the actual […]


Short 10 Million Jobs

By at 6 June, 2014, 4:04 pm

The jobs data released by the U.S. Bureau of Labor Statistics on June 6 showed respectable job growth for May, but failed to signal that the economy is stepping up in any substantive way that would begin to get us back to where we should be on growth and employment. In the jobs report, the […]


GDP Revised Into Negative Territory

By at 29 May, 2014, 12:38 pm

The U.S. Bureau of Economic Analysis released its second estimate of first quarter GDP on the morning of May 29. The downward revision transformed non-existent first quarter growth into a shrinking economy. Real GDP growth in the first quarter was originally estimated at 0.1 percent. But it was just revised to -1.0 percent. Wow! For […]


Why Entrepreneurs Should Care about the Proposed AT&T and DirecTV Merger

By at 22 May, 2014, 10:19 pm

By Raymond J. Keating- AT&T and DirecTV announced a merger on May 18, with AT&T acquiring DirecTV for $48.5 billion. This acquisition, of course, is subject to review by assorted government entities, in particular, the Federal Communications Commission and the Department of Justice – which unfortunately will generate all kinds of political grandstanding and noise […]


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