Consumers Don’t Drive the Economy, Producers Do
In Commerce Secretary John Bryson’s announcement that the nation’s Gross Domestic Product (GDP) grew at an annual rate of 2.5% last quarter, he...
About: Bob Adelmann
Posts by Bob Adelmann
Big Banks Shift Their Derivatives Exposure Onto U.S. Taxpayers
When Bank of America announced that it was moving its derivatives-laden portfolio at its subsidiary Merrill Lynch over to its bank holding company,...
How Hyperinflation Could Start in America
David Galland’s article for the Daily Reckoning painted a picture of imminent collapse of America’s monetary system, which was followed four days later...
Some Reasons Behind Income Inequality
In an effort to examine the Occupy Wall Street crowd’s complaint about income inequality, economist Mark Perry has concluded that people with higher...
What Is the Real Unemployment Rate?
A closer look at the Department of Labor’s employment report earlier this month reveals that the real unemployment number is different from the...
FDIC Closes Four More Banks, Making 84 This Year
On Friday the Federal Deposit Insurance Corporation (FDIC) closed and sold off four more banks, bringing the total shuttered this year to 84....
The New Recession: How Bad Will It Get?
The prediction by the Economic Cycle Research Institute (ECRI) that the United States is headed into another recession was greeted by a rise...
U.S. Solar Panel Makers Accuse China of Dumping
At a news conference in Washington yesterday, a group of U.S. solar panel makers accused China of dumping Chinese-made solar panels on the...
With Five Weeks to Go, the Supercommittee Has Stalled
With five weeks to go to create an agreement that will cut at least $1.2 trillion from the federal budget over the next...
Gallup: U.S. Unemployment Drops to 8.3% in October
With the announcement from Gallup that the unemployment rate had dropped precipitously in early October to 8.3 percent came the disclaimer that they...
Moody’s Warns of Possible French Debt Downgrade
Moody’s summary of its annual report on France’s finances appeared on Monday sufficiently couched in calm and reasoned tones that the markets took little...
ReShoring: American Manufacturing Jobs Come Home
The press release from the Boston Consulting Group signaled the beginning of the American renaissance in manufacturing as cost advantages of China are...
Recession Confirmed
On September 30, the Economic Cycle Research Institute announced that the U.S. economy officially entered a new recession. On the following Tuesday, October...
The Republicans’ New Jobs Through Growth Act
Following the Senate’s rejection of President Obama’s jobs bill on Tuesday, Senate Republicans have offered their own jobs bill, The Jobs Through Growth...
Harrisburg, Pennsylvania’s Incinerator: A Story of Unintended Consequences
The announcement on Wednesday that the City Council of Pennsylvania's capital city, Harrisburg, voted to file for bankruptcy was the latest in a long...