10/5/11

Political Calculations on GDP in Q3

There is an interesting post by Ironman @ Political Calculations. The author predicts the possibility of recession in the third quarter of 2011. It is in line with our projections of real GDP per capita in the US for the next five years. This post also uses the term "inertia" which we consider  the key phenomenon in real economic growth.

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Giffen tarrifs - "Nobel Prize" goes to Trump

There is a famous economic chimera  - Giffern goods. This term means that the increase in price leads to increasing demand for this goods. T...