Posts Tagged ‘GDP’

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    A Closer Look At Consumer Spending

    May 5, 10 • 247 Views • Households, Macroeconomic MeasurementNo Comments

    We always hear reporters saying that, “Consumer spending makes up more than 70% of the economy…” Mike Mandel, former chief economist at Newsweek, believes the reporters are misleading us. Yes, the consumer component of GDP is 70% of all

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    Is It Over?

    Apr 14, 10 • 212 Views • Macroeconomic MeasurementNo Comments

    Imagine a “u” attached to a slightly (or considerably) higher upside down “u” and you are looking at 2 business cycles. A business cycle includes a peak, a contraction, a trough, and an expansion. Most people think that this

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    The Economic Significance of BRIs

    Mar 7, 10 • 149 Views • Thinking EconomicallyNo Comments

    When slicing a bagel, most people use a knife.  Others prefer the bagel guillotine or the Brooklyn Bagel Slicer.  With annual sales near 80,000, the bagel guillotine has been described as “history’s most successful bagel-controlling

  • PIIGS at the Trough

    Feb 9, 10 • 187 Views • Thinking EconomicallyNo Comments

    Debt can be complicated. 1.National borrowing is good. It leads to growth and recovery. In 1792, Alexander Hamilton said that a national debt could be a blessing. In 1936, John Maynard Keynes said that debt was good. Each realized that using someone else

  • Ethical Man

    Jan 25, 10 • 200 Views • Thinking EconomicallyNo Comments

    For the