N.Y. Fed trims U.S. fourth-quarter GDP growth view to 2.4 percent
NEW YORK (Reuters) – The U.S. economy is growing at a 2.44 percent clip in the fourth quarter as data showed the U.S. trade gap hit its widest in 10 Continue Reading
U.S. job growth cools in November, monthly wage gains modest
U.S. job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Continue Reading
For the American Economy, Storm Clouds on the Horizon
Home sales are slowing as interest rates rise. David Zalubowski/Associated Press WASHINGTON — Emerging signs of weakness in major economic sectors, including auto manufacturing, agriculture and home building, are prompting Continue Reading
The Limits of Renewable Energy and the Case for Degrowth
The energy transition is the focus of much discussion. To read the accounts in the mainstream media, one gets the impression that renewable energy is being rolled out quickly and Continue Reading
The Climate Crisis as Seen by the Economics Mainstream
Ed. note: This is Chapter 45 of Brian Davey’s free online book C redo, published in 2014. Mainstream economics frames the climate crisis in a particular way but this approach Continue Reading
Crude’s Collapse & The ‘C’ Word
Why aren’t more people talking about this? It’s a huge development and nary a peep anywhere. The mainstream media is filled with baited expectations for 3% wage growth on Payroll Continue Reading
Degrowth: A Call for Radical Abundance
When orthodox economists first encounter the idea of degrowth, they often jump to the conclusion that the objective is to reduce GDP. And because they see GDP as equivalent to Continue Reading
General Motors Profit Jumps on Sales of Pricier Pickups, SUVs
GM shares were trading at $36.99 in midafternoon trading, up 10.2%. The company stood by its 2018 profit outlook of $5.80 to $6.20 a share, saying it should come in Continue Reading
Rallying Oil Prices Send Eurozone Inflation To Six-Year High
Rising oil and energy prices sent the inflation in the euro zone to the highest in nearly six years in October, a flash estimate from Eurostat, the statistical office of Continue Reading
Our Bonus Decade
“The sense of security more frequently springs from habit than from conviction, and for this reason it often subsists after such a change in the conditions as might have been Continue Reading