The economy contracted at a 1.0% pace in the second quarter, according to the advance estimate from the Bureau of Economic Analysis. That’s bad, of course, but much better than the 5.4% and 6.4% pace of declines in the two previous quarters. Whenever the GDP data come out, the first thing I look at is [...]
Posts Tagged ‘Investment’
Broad Weakness in Q2 GDP
Posted in Data, Economy, Macroeconomics, tagged Data, GDP, Investment, Macroeconomics on July 31, 2009 | 10 Comments »
Why is the U.S. Borrowing Less?
Posted in Budget, International, Macroeconomics, tagged Budget, Current Account, GDP, Investment, Macroeconomics, Saving on June 2, 2009 | 4 Comments »
Government deficits have skyrocketed in the past year, yet the U.S. as a whole is borrowing much less from the rest of the world. What’s going on? As shown in the following chart, the answer is simple: Americans are saving more and investing less.
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