From today’s Enterprise Blog: The chart above helps to illustrate the current economic situation by showing the percent changes since the third quarter of 2007 for five key economic variables: real personal consumption spending, real disposable personal income, real GDP, … read more >

“In substantive terms, there is little to be gained from high-profile pressure on China to accelerate the pace of RMB appreciation, since the United States possesses no leverage which can be plausibly brought to bear. U.S. policy should therefore de-emphasize … read more >

According to the National Bureau of Economic Research (NBER), a recession is a “significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail … read more >

In terms of economic output in 2010, the GDP of Greece at $305 billion was just slightly larger than the GDP of America’s 15th largest state economy, which is Maryland at $295 billion.  

Here we go again….. WASHINGTON (AP) — “After years of unsuccessfully trying to force American consumers and businesses to pay higher prices for Chinese imports, Congress is taking another stab at retaliating against what many see as Chinese manipulation of … read more >