Great summary from MKM economist Mike Darda: Retail sales were in line with expectations in August, but upward revisions pushed the six-month annual rate of increase above 7%. We believe the pickup in sales is sustainable due to three bullish forces … read more
A new survey from Pew finds that views of the job market have gone up a little, however there has been no rise in economic optimism. read more
Private GDP isn’t growing quite the way it used to. And when combined with less overall government spending, GDP in aggregate is growing a lot slower. read more
That, five years into an economic recovery. Not that you can really blame someone for such pessimism. Follow James Pethokoukis on Twitter at @JimPethokoukis, and AEIdeas at @AEIdeas.
“Surprise!” say the sell-side, upbeat economy touts. Second quarter GDP growth came in at a 4% pace, well above the expected 3% pace. But that’s as good as the news gets. It’s best to average two choppy quarters, especially when … read more
An important question and a vexing one: Why is the US recovery still so weak? Five years after the official end of the Great Recession, growth remains maddeningly subpar. Folks on the right like to talk about “uncertainty” stemming from … read more
James Pethokoukis talks economic populism, growth, and the Democratic party on MSNBC’s “Up with Steve Kornacki”. Check it out: Follow James Pethokoukis on Twitter at @JimPethokoukis, and AEIdeas at @AEIdeas.
From the Washington Post: “President Obama has made one thing clear while traveling from the Rocky Mountains to Texas this week: The economy is the best it has been in years and is only getting better.” Maybe, maybe not. See, the Atlanta … read more
When it comes to immigration policy, President Obama and Congress’s chickens have come home to roost. Both parties’ failure to enact a coherent immigration policy has played a key role in the latest immigration crisis: tens of thousands of children … read more
How would a 21st century American president deal with America’s 21st century economic problems? More than a decade in, we really don’t know. The Bush administration was consumed, by necessity, with war. The Obama administration, by choice, with preserving the … read more