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Economy

No recession yet, the White House says

By Joel Dresang
Two consecutive quarters of negative GDP do not a recession make. Back-to-back declines in gross domestic product is a common quick-and-dirty description of a recession. Technically, it’s much more complicated. […]



Holiday shopping with inflation

By Joel Dresang
At a pre-holiday gathering of extended family, I heard several comments that echoed what I’d been reading about, a topic we’d been discussing at work: Rising prices. Inflation is always an issue. No one likes paying more. Prices are pretty much always going up. […]



Yuletide logjams: Economy hits holidays

By Joel Dresang
Messages of “Buy-now-or-else!” make me wonder how economic circumstances affect holiday traditions. […]



Recession’s not over till the NBER sings

Economists involved in business cycle information are painstaking when pronouncing the end of a recession. Over the past five downturns, they averaged 15 months between when the recession was over and when they said so. On three of those occasions — 1980, 1991 and 2001, the lag between the turning point and the bureau’s declaration was longer than the recession itself. […]



Recovery: Work in progress

By Joel Dresang
I quit my first job after college in the throes of a recession. While many of my classmates were struggling to find work, I impetuously left a perfectly decent professional position to study abroad. I went from earning money to spending it.
Beyond individual benefits, jobs help economies. The work we do contributes to the prosperity of our employers, which benefits our coworkers and other stakeholders, including business partners and investors. […]



Pandemic spending: Can you spare a dime?

By Joel Dresang
Spare change, it turns out, is another unintended casualty of the coronavirus. With businesses closed and spenders keeping their hands in their pockets, a coin shortage has emerged. It goes to show how profoundly COVID-19 has upended commerce—especially the 70% of the economy driven by consumer spending. […]



First time since 2009: Recession

The National Bureau of Economic Research wasted no time declaring a downturn for the U.S. economy. […]



Unofficially, we’re in a recession

Don’t hold your breath for official declaration of a recession. Just figure we’re already in one. […]



Spend to save the economy

By Joel Dresang
The economy’s reliance on consumer spending is exactly why Congress included provisions to put money in citizens’ pockets as part of the $2.2 trillion rescue package it passed in March. That’s how $2,400 got from the U.S. Treasury to our checking account. Now, it’s our patriotic duty to put that money to work. […]



Economy keeps counting on consumers

Much of the optimism for the U.S. economy is the health of consumers. […]



Trade wars pick on Wisconsin-grown berry

The U.S. is the world’s leading provider of cranberries, making the industry a ripe target in trade wars. […]



Historic economic growth vs. long-term investing

The U.S. economy is in uncharted waters. It has been expanding for more than 10 years—an unprecedented streak, based on National Bureau of Economic Research calculations dating back to 1854. As with bull markets for stocks, economic expansions don’t die of old age, but some people just get anxious when they think there’s been too much of a good thing. […]




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