The Deliberate Confusion on the Fiscal Slope

By: Friday October 26, 2012 7:45 am

Is the threat of the fiscal slope already hurting the economy? The GDP estimate shows business investment slowing, but that’s been a relatively permanent condition since the Great Recession (since before it, according to some analysts). Every now and again you get reports that the potential for fiscal cutbacks and resulting uncertainty has cost America [...]

GDP Increased to 2.0% in the Third Quarter of 2012

By: Friday October 26, 2012 7:01 am

The Bureau of Economic Analysis rates 3rd quarter GDP with a preliminary estimate of 2.0%, an increase from the previous quarter but not the kind of economic growth normally associated with reducing the unemployment rate in rapid fashion. GDP in the second quarter increased 1.3%, so this represents an acceleration on growth, albeit a modest [...]