Jan 142017
 
Temperature rising

It’s winter outside — cold, snowy, wet. But when it comes to the economy, especially as measured by employment growth, there’s a heat wave on the West Coast (aka the Left Coast). Washington and Oregon, in particular, are mucho caliente. Employment in the services-providing sectors grew faster in the Evergreen [continue reading . . . ]






Jan 042017
 
Living dangerously

The global economy is likely to grow at between 3% and 4% in 2017 adjusted for inflation and differences in exchange rates. Emerging economies, led by Asia, are likely again to outgrow advanced economies (the U.S., Europe, Japan). That’s the word from one of the world’s most respected and widely followed [continue reading . . . ]






Aug 232016
 

Terrific perspective on China’s growing importance, the coming fight in Congress over the Trans-Pacific Partnership (TPP), and the standing of the United States in a changed world in an op-ed in today’s New York Times by Clyde Prestowitz, founder and president of the Economic Strategy Institute. He delivers his punch [continue reading . . . ]






Aug 152016
 
Economic update

For a quick economic update for members of Bellevue Rotary recently, I updated several slides I usually include as a part of my talks and added a new one or two. You can download all of them as a PDF file here. Among bullet points: We live in a slow-growth world. [continue reading . . . ]






Feb 112016
 

I can’t help but think what’s going on in global markets seems like a re-run of what happened in the fall of 2008, when Lehman Brothers failed, banks had to be bailed out and the worst recession since the Great Depression ensued. AP business writer Alex Veiga neatly sums up [continue reading . . . ]






Jan 042016
 
Magnet Northwest

Population of the Evergreen State has grown about 60% faster than the national average in first half of the decade. Only seven states have grown at a faster rate; only two of those seven have more population than Washington. International migration — people moving from other countries — accounts for [continue reading . . . ]






Dec 172015
 
Slow-growth world

Raising interest rates a quarter point as the Fed did this week does not change the fact that we live in a slow-growth world. Money markets and commodities markets are singing the same song in unison: Almost no inflation, and very little growth. To say that commodities prices have collapsed [continue reading . . . ]






Sep 302015
 
Needed: More, not fewer, immigrants

Worried about your Social Security benefits? You ought to be. Whether you are in your 70s or your 20s , the number of workers taxed to support you in our pay-as-you-go social-insurance system are or will be fewer than supported your parents and grandparents. We’re living longer and having fewer [continue reading . . . ]






Sep 052015
 
Tonight's Top 10 List

Employment has been growing faster than average in the recent past on the West Coast generally and in the Pacific Northwest states in particular. Among the states I follow as a regional economist, Montana and Alaska, both hit hard by the collapse of oil prices, rank well below aveage. The [continue reading . . . ]