The Reason That Recession Dates Matter

Asked to define a recession, you can give the mechanical answer. It is 2 or more adjacent quarters of a real GDP decline. So, if Q1 GDP grows by 3%, Q2 by 2% and then Q3 by 1%, is that a recession? (I…

It's All About Henry

Are you a DINK, a YUPPIE, or a HENRY? Double Income, No Kids Young  Upwardly Mobile Urban Professionals High Earners, Not Rich Yet.   Our economic recovery might depend on Henry. Earning from $10…

How Are We Doing?

Hearing that U.S. real GDP growth for the first quarter was 3.2%, I wondered how well we were doing. We can look at past recessions to assess 3.2%. Looking back to the early 1980s, some economists say…

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