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From the President's Desk Finance

Federal Spending is Setting Us Up for the Depression
By Alan Beaulieu on April 11, 2024

Federal Revenue The US federal government collected $1.86 trillion this fiscal year to date, otherwise known as February (the fiscal year is October 1, 2023, to September 30, 2024). That is...

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News From the President's Desk

February Job Growth in Context
By Alan Beaulieu on March 21, 2024

The January-to-February increase of 275,000 in the number of persons employed on non-farm payrolls, including the government and private sectors, created quite a stir in the media, owing to...

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News From the President's Desk

A Change in a Key Forecast
By Alan Beaulieu on February 29, 2024

We have changed our forecast for GDP (in inflation-adjusted dollars). Before we get into the details, it is important to note that the change was not dramatic, and it does not change the...

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News From the President's Desk

Spirit of Giving: US Charitable Donations Data Through the Lens of Economics
By Alan Beaulieu on December 20, 2023

Americans are a giving people, with total contributions from all sources at $499.3 billion in 2022. Of that total, $319.040 billion come from individuals 1. Individual charitable...

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From the President's Desk Construction

Prepare for Change
By Alan Beaulieu on November 16, 2023

US Total Private Domestic Fixed Investment1 is at a record high $4.794 trillion and 3.3% higher than the year-ago level. Private Fixed Investment consists of purchases of residential and...

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From the President's Desk Global Recessions

Growing Economic Troubles in Europe
By Alan Beaulieu on October 19, 2023

Europe’s GDP (12-month moving average) is edging lower off a March 2023 record high. The second quarter of this year (three-month moving average) came in even with the year-ago level. The...

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