Fed’s Bernanke Sees More Robust Second Half 2011

Yesterday the Federal Reserve Chairman, Ben Bernanke, stated that current U.S. gross domestic product (GDP) growth is slower than the Federal Reserve had anticipated, but that nonetheless, he expected a more robust GDP growth in the second half of 2011. Analysis: I am...

Geithner Proposes Global Derivatives Rules

Just last week in my post entitled, “Top 5 Problems Facing the Economy 3,” I stated that business frequently throw off the threat of increased regulation by claiming that they will take their business to a friendlier country with more lax laws and...

Employment Growth is Stagnating

The Bureau of Labor Statistics announced this morning that the economy created 54,000 jobs in May.  This compares to economist expectations for 160,000 jobs created.  Separately, the unemployment rate rose to 9.1%, while economists had expected a decline to 8.9%. ...

Top 5 Problems Facing the Economy 5

The final problem among my “Top 5 Problems Facing the Economy” is endemic unemployment.  By “endemic,” I mean that the Great Recession seems to have created a permanent change in the employment landscape of the First World. During the deep and...

Top 5 Problems Facing the Economy 4

Among the top five problems facing the economy is politics trumping what needs to be done.  In the government space, I consider the following to be big problems: Continued deficit spending and growing national debt Lack of a coherent foreign policy – including...