Free Republic

A key measure of inflation showed prices soaring by more than expected in June. The personal consumption expenditure price index rose by 6.8 percent compared with 12 months earlier, an acceleration of inflation from the 6.3 percent annual gain in May, according to data released Friday by the Bureau of Economic Analysis. Economists had expected a slightly lower reading of 6.6 percent. This is the biggest year-0ver-year gain since January of 1982. Compared with the prior month, the personal consumption expenditure price index was up one percent, a big increase from the monthly gain of 0.6 percent in May and...

The U.S. economy contracted in the second quarter of 2022 as the economy was battered by four-decade high inflation, record high fuel prices, soaring food costs, and tighter monetary policy. The government reported Thursday that Gross Domestic Product shrank by 0.9 percent in the April through June period. Economists had expected the economy to grow by 0.3 percent, according to the Wall Street Journal. The economy contracted by 1.6 percent in the second quarter. Many Americans consider two straight quarters of recession to be the marker of a recession. Economists, however, rely on the determination of the National Bureau of...

The louder they talked about the disadvantaged, the more money they made. And the more the financial system tottered.

In today’s article in Bloomberg View I explore reasons for the current weak recovery, and in particular whether there is an analogy with what happened in the recession of 1937-38 which interrupted the recovery from the Great Depression. Several charts elaborate on numbers provided there which argue against such an analogy. The first one relates to fiscal policy. It shows the ups and downs of real GDP growth in the 1930s and the contributions to that growth coming directly from government purchases and other components of GDP. (The data come from this interactive table at the Bureau of Economic...

As jobs continue to vanish in Democratic states with high living costs and taxes, low tax, low regulation small government states, the kind libtards claim is bad to live are thriving. Why? Because unlike most states like Maine New Jersey New York Massachusetts and Rhode Island which pass crushing regulations against new jobs and new business along with taxes that are usually forced on the consumer, states such as Texas, Kansas, Georgia and New Hampshire are gaining those lost jobs and skilled workers that flee over the borders. These states have low taxes and allow businesses to make their own...

Five Graphs On Japan, U.K. And U.S. Economies by: Econ Grapher February 21, 2010 This week we look at Japanese GDP figures which show an improving situation, poor performance in UK retail sales, a lift in UK inflation, a pause in US inflation, and the start of the US Federal Reserve testing the exit strategy waters in policy normalisation. So thematically I suppose we've got a bit of a growth and inflation slant this time. Thus we've got what were for a time the 3 main financial centers in this article, where the growth situation is mixed; the UK really...