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…

Election Economics: Comparing Economic Recoveries

Illustrated by this graph from the Minneapolis Federal Reserve, sometimes one orange line can create a huge debate. The thick orange line representing the US recovery from the December 2007-June 2009 recession reflects a tepid ascent next to curves that represent…

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 $100,000-$250,000, the Henrys are in the top 20% income…

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 they were hoping…