Monthly Archives: June 2011

The Economy from 85,000 feet

The question in TonyP’s economics final was:  “Are economies driven by supply and demand, or by transport and storage?”  Prices are impacted by changes in supply and demand.  Big changes in supply drive big changes in price which can in turn … Continue reading

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Yet More on GDP

We read that GDP is up, the economy is growing.  Really? The Dept of Commerce’s Bureau of Economic Analysis (BEA) recently published their latest estimate of GDP growth in the first quarter 2011.  Their overall growth number, 1.84%, is unchanged but its components are not. Personal … Continue reading

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