Lost in the concerns about the dollar, oil prices, and inflationary fears has been the spectacular performance of corporate profits during this economic rebound. The fourth quarter revision to GDP showed no change in the inflation adjusted growth of the economy, but a modest gain in price increases.
Archive for March, 2005
Atlanta Constitution column-March 31, 2005
Posted by drdonecon on March 31, 2005
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Atlanta Constitution column-March 17, 2005
Posted by drdonecon on March 17, 2005
Surging commodity prices, led by oil, a plunging dollar, and the woes of
U.S. manufacturing that are reflected in General Motor’s sharp downward revision of earnings all would make ample topics for this column this week. But you must excuse me for putting those issues on hold while I discuss implications from the conviction of Bernie Ebbers.
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Atlanta Constitution column-March 10, 2005
Posted by drdonecon on March 10, 2005
Apparently, almost all forecasters are raising their estimates for
U.S. economic growth for this quarter and this year. My own estimates show growth of 4.1 percent for this quarter. The year should average a 3.8 percent gain.
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Atlanta Constitution column-March 3, 2005
Posted by drdonecon on March 3, 2005
Do the financial markets reflect economic conditions, or do they cause them? That question again is being raised as oil prices and inventories both rise sharply as the heating season is in its final weeks.
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