Archive for January, 2007
Well, it appears I was wrong about the economy – at first glance. At a deeper look, I think I’m dead on.
<a href=” http://bea.gov/bea/dn/home/gdp.htm”>Here</a> is the link. Up front, a 3.5% increase in GDP. In the details, however, three things stand out.
First, Personal Consumption Expenditures was essentially flat. Oh, yes, it increased 4.4% in real [...]
Last post I spoke of how the employment of “kids” – the 16-19 year olds – had dropped so precipitously, and further how it’s stayed low. Yet the jobs are still there, so where are they going? Today, I’m answering.
They’re going to the 55+. In particular they’re going to the women aged [...]
Missed completely on Iran. The US Government and many pundits are still making the case that we have to “do something” about Iran – and we have moved a second carrier into proximity. But it’s still not a shooting match, and it’s past my predicted date.
On recession, I refuse to say I missed at this [...]
Here’s an odd bit that bothers me. Since 2000, about 43-44% of kids 16-19 are employed.
“So?” you ask. Well, from 1968 through 1999 the number ranged from 50-54%. In fact, excluding 1958-1968 (and especially 1960-1964), the bottom’s never been lower than 49% since as long as the BEA’s recorded the numbers. [...]
