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To: George K. who wrote (78761)6/3/2007 2:50:35 PM
From: saveslivesbydayRead Replies (2) | Respond to of 306849
 
From Maudlin: "We are in (or at least were in) a serious slowdown. It remains to be seen if we actually slip into recession."

Clearly most economists, and almost all vocal WS types, do not seem to agree with this statement - or at least don't admit to publicly.

Maudlin is either on the cutting edge, or simply a misguided contrarian. Only history will tell.

I've been reading his column for 2 years - He's a pretty bright guy.



To: George K. who wrote (78761)6/3/2007 3:14:03 PM
From: Les HRead Replies (1) | Respond to of 306849
 
I recall that they need at least 3 percent real GDP growth to extrapolate 150,000 new jobs from the small business birth/death model. The current figures for the birth/death model appear to inflating headline job figures given Q1 real GDP grew by just 0.6 percent. My guess is they get backed out next January when they do the annual adjustment.

bls.gov


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