An Emerging Swan?

August 6, 2010  Most economists are painting a rather gloomy outlook for the economy for the balance of this year.  They point to weakness in housing, the modest rate of GDP growth in the second quarter, and less than impressive employment gains.  They worry about a...

Still Chugging!

August 1, 2010  Second quarter GDP growth came in at 2.4% which was somewhat less than anticipated. At the same time, first quarter growth was revised upward by about a percentage point to 3.7%.  This means that during this first year of expansion the economy has...