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Steven Hansen  

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  • Should There Be Optimism On U.S. Export Growth? [View article]
    oil imports do not effect trends whether you include it or not. my last analysis which much of it is based on removing crude imports:
    Mar 24, 2014. 09:34 AM | Likes Like |Link to Comment
  • Consumer Is Income Constrained [View article]
    i just published January 2014 consumer credit.
    Mar 9, 2014. 08:37 AM | Likes Like |Link to Comment
  • Consumer Is Income Constrained [View article]
    transfer payments are included.
    Mar 9, 2014. 07:53 AM | 1 Like Like |Link to Comment
  • Corporate Greed And Productive Use Of Money [View article]
    i see the decline of unions caused by automation, political factors which allowed imported untaxed products to compete against usa taxed products, and silly decisions made by company management and union leaders (they took there eyes off of long term goals in pursuit of short term benefits).
    Feb 10, 2014. 08:16 AM | Likes Like |Link to Comment
  • Corporate Greed And Productive Use Of Money [View article]
    they are both on the same base - and both include income earned overseas. most corporations run in shells anyway, and do not repatriate profits except when profits are down in the mother unit.
    Feb 9, 2014. 02:34 PM | Likes Like |Link to Comment
  • Demographics Is Not A Big Deal [View article]
    Hello dancing diva. you are opening a different can of worms :)

    taxes are a drag on the economy if they take money which you would have spent had the government not taken it. i find the talk of government spending multipliers silly because no one takes into consideration what the multiplier would have been if the money had been spent directly by the taxpayer (instead of being taken away as a tax by the government).

    government multipliers are in play if the government really prints money (and does not borrow). the problem with the latest round of deficit spending is that the money did not stimulate the economy enough to be able to pay off the deficit with increased economic activity. this translates into an economic drag kicking in when interest rates rise on treasury borrowings. for now, the government has borrowed the money for almost nothing so it remains somewhat stimulative.
    Jan 26, 2014. 10:27 AM | 2 Likes Like |Link to Comment
  • What About The Middle Class? [View article]
    Please note my second graph showing the political party in control of congress is incorrect for the period 2006 to 2010. A revised graph can be found here:
    Jan 19, 2014. 03:05 AM | Likes Like |Link to Comment
  • The Sky Is Falling - Only 74,000 Jobs Created [View instapost]
    sorry for the confusion on the 2014 data point. it is for one week only - but to make it appear, i have to stretch it to two weeks. Simply it is a single dot showing the 4 week moving average for the first week of 2014.

    as far as trends are concerned, the current value is approximately at the historical trend level for unemployment. see for an expanded analysis.
    Jan 13, 2014. 02:46 AM | Likes Like |Link to Comment
  • Is Economic Growth Accelerating? [View instapost]
    my "guess" is the kind of things we export are not particularly linked to subtle variations in the dollar.
    Dec 23, 2013. 09:17 AM | Likes Like |Link to Comment
  • A Look At Holiday Retail Sales [View article]
    i did not adjust the numbers for inflation, but i wonder if the real story this year is not profit margins. we will know soon enough.
    Dec 23, 2013. 09:10 AM | Likes Like |Link to Comment
  • Why Extend Unemployment Benefits? [View article]
    every one has an opinion on this based on where they are standing, and what they are seeing. my point is that unemployment claims are in a normal range - which suggests extraordinary measures are not necessary.

    however, i do not like the current system on how we teach our citizens skill sets to find jobs.
    Dec 15, 2013. 08:23 PM | 1 Like Like |Link to Comment
  • Why Raise The Minimum Wage? [View article]
    also the author clearly labeled the graphic as indexed on the year 2000 (not 1955)
    Dec 12, 2013. 08:08 AM | Likes Like |Link to Comment
  • What Happened To Consumer Income In October? [View instapost]
    all true - but i use a 3 month rolling average on income, and it went flat.
    Dec 8, 2013. 11:24 AM | Likes Like |Link to Comment
  • Economy Is Now Growing To Trend [View instapost]
    totally agree ..
    Dec 1, 2013. 09:59 AM | Likes Like |Link to Comment
  • Another Reason To Suspect The Economy Is Improving [View article]
    agreed about aggregate income growth - that is why i provided median income data.
    Nov 18, 2013. 08:16 AM | 1 Like Like |Link to Comment