Three Charts on Saving
Consumer spending is unlikely to lead the economy out of the current recession. The first chart in this post shows the personal saving rate—the ratio of personal saving to disposable personal income—from the first quarter of 1952 to the second quarter of this year, as calculated by the Department of Commerce’s Bureau of Economic Analysis […]
August 20 , 2009 - Kriss Sjoblom
Seattle's Lost Decade
An editorial in the current issue of the Puget Sound Business Journal promotes our recent Policy Brief, “Seattle’s Lost Decade”: A new report by the Washington Research Council should be required reading for policymakers in Seattle’s City Hall. The full editorial is available through this link to the PSBJ (subscription required).The brief itself is available […]
August 16 , 2009 - Richard S. Davis
Econbrowser Not Seeing the Recovery
At the Econbrowser blog, James Hamilton remains unconvinced that the economy is recovering. The economic recovery may well have already begun in Asia and Europe, and certainly the mechanics are in place for significant improvements in U.S. real GDP even without any changes in the underlying fundamentals. However, I remain persuaded that a real U.S. […]