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Bruce Yandel's Economic Situation Report - June 2011 - What’s going on in the economy? Is the loss of lift a fact?

Submitted by: John Warner on Jun 05, 2011 at 8:21 am Tagged with: Economics Source: Clemson

The Economy at Mid-Year

June is that wonderful month with the year’s longest days, at least in the northern hemisphere. That means there’s more daylight for working, gardening, searching for a job or starting a business.

A lot of people are doing all these things in an improving economy, for some, but in a stalled economy for others. And even for those who see things looking better, there seems to be a loss of lift.

What’s going on in the economy? Is the loss of lift a fact? Is it the terrible Japanese tsunami, too little spending, high gasoline prices, tornadoes? Or what?

Yes. All of the above. Let’s look at some data.

Click for the rest of the report online.