Fill out the brief form below for access to the free report.
The Frustration of Optimists
Gene Epstein, Barron's
Pity the poor forecaster attempting to gauge that stubbornly sluggish animal, the U.S. economy. Even against relatively modest expectations, the economy has rarely failed to disappoint. The Blue Chip Economic Indicators, released Friday, reported that its consensus of 50 economists predicts a pickup in growth by 2013. For 2012, the consensus expects growth of real gross domestic product to run just 1.8% (fourth-quarter-over-fourth-quarter), and then accelerate to 2.5% through 2013. That 2.5% projection would be good news against the current era of diminished expectations. Note, however, that last year at this time, the Aug. 10, 2011, Blue Chip report predicted that 2012 would come in at 2.7%. The 1.8% is more plausible, given the poor performance of this year's first half. Read More
TARIFF-IED: Trade Talk with Matthew Rooney
Bush Institute-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict with India.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.