The Capital Commerce Debate

Wednesday, April 11, 2007 | 10:30 AM


Over at US News & World Report, I am engaged in a debate on the state of the Economy with none other than Don Luskin. It will run this entire week, with fresh posts and rebuttals each evening.

Round 1 is here: The Bullish versus Bearish Economic View

Round 2 can be found here: Don’t Worry–Be Happy vs Worry a Lot–Housing Will Hurt the Economy

In the second round, the links to the charts were having problems -- you can see the two I used below.


MEW, Net Extraction and Percentage of Disposable Personal Income
(1991 to present)

Graphs courtesy of Calculated Risk


GDP Growth (MEW, w/o MEW):


Graphs courtesy of Calculated Risk

Wednesday, April 11, 2007 | 10:30 AM | Permalink | Comments (21) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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"Capital spending HAS slowed" Yeah, I'm sure it WILL pick up. This is the third year election cycle and based on esimated future earnings using past data, stocks are cheap...

That MEW extraction and % of spending is a tremendous argument. Nice work Barry.

Posted by: Josh | Apr 11, 2007 10:57:45 AM

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