May 2013 archive

Is Housing Back?

According to S&P Dow Jones S&P/Case-Shiller Home Price Indices, one of the leading measures of home prices in the United States, it is.  The most recent press release by S&P Dow Jones indicated that average home prices increased 8.6% and 9.3% for the 10 and 20-City Composites in the 12 months ending February 2013.  The …

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Re-writing Economic History with a Substantive Change to the GDP formula

The Bureau of Economic Analysis’ (BEA) report of Gross Domestic Product (“GDP”) is one of the most commonly used indicators of economic health.  It measures the total value of all finished goods and services produced in the U.S. within a specified period (normally a year). In July that number is guaranteed to go up, yet …

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Permanent link to this article: http://betweenthenumbers.net/2013/05/re-writing-economic-history-with-a-substantive-change-to-the-gdp-formula/