We think you're near Los Angeles

Currently in Los Angeles

Location: Los Angeles Current temperature: 70°F: Current condition: Clear See Extended Forecast

Los Angeles GDP

Gross Domestic Product growth revised by Obama's Commerce Department down 15.6%

Gross Domestic Product growth revised by Obama's Commerce Department down 15.6%The Obama Administration was wrong in its initial estimate of the...
Read more

Stimulate Economy by Reducing Imports

Most current stimulus plans ignore the contribution to our decline caused by imports. And they ignore the potentially huge benefits from reducing...
Read more

Today's Retail Sales Report was a Farce

Don't be fooled by today's reported +1.4% increase in Retail Sales, and how it was a "surprise" and "more than the expected" +0...
Read more

GDP: 3.5% "Growth" ???

There were a lot of things wrong with yesterday's GDP report (as usual). The BEA only subtracted -$17.9 billion for the change in trade deficit...
Read more

"Bigger-Than-Too-Big-To-Fail"--The Financial Industry

On Sunday, Sept. 13, 2009, Bloomberg published an article about Joseph Stiglitz's recent assessment of the economy, in which he maintains that the...
Read more

Health Care Reform Myths-Part 2: "Fee-for-Service" Doctors Drive Higher Costs

Myth: "Fee-for-Service" doctors are running the cost of health care up by 1) ordering expensive tests and studies to pad their bill, and...
Read more

Personal Income Report: Worse Than It Appears; Private Wages Nosedive

Yesterday's Personal Income Report does not support the "green-shootism" so often discussed in the main stream media.In current dollars,...
Read more

Jobs Losses From Outsourcing: Current Proposals Are Worthless

When the topic of outsourcing and job losses is discussed, the "solutions" proposed are often nearly worthless, especially when actual...
Read more

In Defense of Keynes: Aggregate Demand, Pump Priming, & "Leakage"

The central theme of Keynesian economics was that aggregate demand drives the economy. This has never been "discredited". To the contrary...
Read more

The Collapse of US Manufacturing & Industrial Production

US manufacturing and industrial production continues to collapse, falling another -0.4% in June. This follows a downwardly revised -1.2% decline in...
Read more

Pages