One Percent Growth (This is not good for Obama)
Posted by admin / Under Growth Hormone ReceptorThe Congressional Budget Office released its annual Budget and Economic Outlook this week. Last years was a tragedy, but the new one is a horror story. The crushing burden of government debt and persistent unemployment which, contrary to the carefully massaged statistics released for public consumption, has really been in double digits for years, when the collapsing work force is taken into account will conspire with skyrocketing taxes after the expiration of the Bush tax rates, and leave us with only 1.1 percent projected GDP growth next year. That will leave us with one of the slowest economies...
China's Debt: You'll Grow Out of It (What?)
Posted by admin / Under Growth Hormone ReceptorChina's Debt: You'll Grow Out of It By TOM ORLIK Objects in the rearview mirror are often closer than they appear at first. But in the case of the Chinese juggernaut, rapid economic growth means they are actually shrinking at a rapid rate. In 2011, China's gross domestic product came in at 47.1 trillion yuan ($7.4 trillion). That represented nominal growth of 17.5% from 2010, a blistering pace that makes many of the problems of debt and credit that trouble investors and hang over valuations for Chinese stocks appear a little more manageable. /snip Investors also worry about China's credit...
Mitt Romney Is Stuck Because He's Not A Pro-Growth Republican
Posted by admin / Under Growth Hormone ReceptorPaul Hoffmeister is the chief economist at Bretton Woods Research, LLC. According to the polls summarized by RealClearPolitics, Mitt Romney has been unable to win more than 25% of the Republican vote for the partys presidential nomination for more than a year. This is because the former Massachusetts governor is not a pro-growth Republican. Instead, his economic platform reflects a man who is devoutly Keynesian, and who, as president, would not be able to reinvigorate the U.S. economy. A pro-growth Republican is a supply-sider who believes that stable money, low taxes, and limited regulation produce prosperity. And as Art Laffer...
In 2012 The Economy Will Be On 'Firmer, Albeit Unsteady, Footing'
Posted by admin / Under Growth Hormone ReceptorIn 2012 The Economy Will Be On 'Firmer, Albeit Unsteady, Footing' Peter Demirali, Cumberland Advisors Dec. 28, 2011, 4:51 PM The last twelve months have been quite remarkable in terms of volatility and absolute levels of interest rates. The bond market was whipsawed by events in Europe and Washington. Greece was the poster child for the debt crisis in Europe but it was merely the first country to feel the wrath of the capital markets. Portugal, Ireland, Spain, and ultimately Italy experienced difficulty accessing the cash markets to roll over debt. You can view the spreads on various European sovereign...
Newt Gingrich planning economic pivot, will contrast with Mitt Romney
Posted by admin / Under Growth Hormone ReceptorNewt Gingrich is planning to turn to a sharp "jobs and growth" message both on the airwaves and in over 30 appearances next week in the final run-up to the Iowa caucuses, according to campaign officials. Gingrich's campaign, acknowledging that they've seen his Iowa numbers erode under an intense assault, said the former speaker would use a new round of post-Christmas TV commericals and a bus tour across Iowa to draw an implicit but clear contrast between his economic plan and that of Mitt Romney. Gingrich aides are also prepping a round of endorsements from conservative economists and supply-side thinkers...



