Eric Tyson

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Using the News

Federal Deficit (& Economic Growth) Worriers Take Heart

Update 6/23/09: According to this recent Bloomberg article, President Barack Obama recently said that he is “confident” he won’t have to raise taxes on most Americans so long as economic growth picks up. This is also good news for the deficit and economy worriers as this demonstrates

First Quarter GDP Numbers Show Another Down Quarter

Update 4/29/09: The 1st quarter GDP numbers out today show that the U.S. economy shrank at a 6.1 percent annualized rate in the first three months of this year. As I've explained earlier, the reported number annualizes changes for one quarter. In the first

Durable Goods Ordered Down Again, Yet Stocks Move Higher

News reports abound on April 24, 2009 about another decline in durable goods' orders. One stated, "The deep recession in manufacturing worsened in March, as demand for U.S.-made durable goods fell 0.8%, the seventh decline in the past eight months, the Commerce Department estimated Friday.

Corporate Profits Plunged 85 Percent in '08 and Consumers Have a "New Frugality"

Forced Savings = Stock Market Boom?

An Obama administration priority is to have all workers, especially low and moderate wage earners, put money away for their financial futures. This New York Times article highlights the key features of a such a plan, known for now as the "automatic IRA." In surveying much of the

Fox News' Bill O'Reilly and Glenn Beck Warn of Possible U.S. Bankruptcy

House Speaker Nancy Pelosi Needs Economics 101