Viewpoints

As expected, all states (including DC) had double-digit rates of increase in real GDP in the third quarter. Nevada saw a 52.2 percent rate of real growth; DC, up at a 19.2 percent rate (Wyoming was the softest state, with a 19.4 [...]

It is almost December 23rd and that means that Festivus is almost upon us. It is traditional on Festivus to air one's grievances. And this Festivus, I got a lot of problems with you people. My problems with you include the so-called [...]

It's that time of the year when economic forecasters typically publish reams of documentation containing their expectations for the year ahead. And it is fairly safe to assume that all of these forecasters are anticipating a much more [...]

State personal incomes fell back in Q3, reflecting the lessening of the extraordinary level of income support in Q2. Every state registered a decline, ranging from Georgia’s fractional 0.6% rate of loss to West Virginia’s 29.9%. In [...]

Data on federal tax receipts paints a grim picture of the state of the US economy. Weak tax receipts are sending a signal of economic distress. Congress needs to act with urgency and pass federal support legislation to help broad [...]

The world of finance changed in 2020. Investors nowadays are willing to pay more for growth and worry less about debt. Changes in investment philosophy and practices are directly related to the actions of the Federal Reserve. Fed [...]

"Actual" consumer price inflation is rising during the recession. That runs counter to the normal recessionary pattern when the combination of weak demand and excess capacity works to lessen inflationary pressures. The main source of [...]

The Federal Reserve Bank of Philadelphia's state coincident indexes in October were once again positive, but very mixed. 13 states saw increases of 10 percent or more in the three months since July, with Massachusetts once again way [...]