The trade deficit bottomed at $24.9 billion in May 2009, just before the current economic recovery began. Now, a rising trade deficit and continued weakness among regional banks threatens to derail the (economic) recoveryTrade gap widened in May Jul 13, 2010
It appears the economy slowed further in April, as rising gas prices took a bite out of consumer spending, and the lack of resolve to deal with federal budget woes is curbing businesses appetite for risk taking and hiringJobless report shows more claims filed May 05, 2011
The euro is undervalued for strong economies like Germany and France, boosting their exports and growth, and overvalued for poorer debt laden countries like Greece and PortugalEconomic Outlook: Oceans apart Jun 24, 2011
Athens will soon be short of cash again. Perhaps, next year or the year afterEconomic Outlook: Insomnia Jun 30, 2011
Not enough money could be invested on behalf of young contributors, because the government would still have the burden of paying off the present and next generation of retirees, and so not enough of young folks' money could be invested for their old agePolitics 2012: Perry moves away from calling Social Security a Ponzi scheme Sep 18, 2011
Peter Morici is an Economist and Professor at the R.H. Smith School of Business at the University of Maryland, College Park. He is a graduate of SUNY Albany in New York State where he received his Ph.D in Economics in 1974.
From 1974 to 1976, he taught at Augsburg College in Minneapolis. In 1976, he joined the Federal Energy Administration In 1978 he moved to the National Planning Association in Washington where he was elected a Vice President in 1983. He joined the University of Maine as a Professor of Economics in 1988 and was Director of its Canadian-American Center from 1990 to 1993. He served as chief economist at the U.S. International Trade Commission.
Morici is the author of 18 books., and has recently signed up to be a pitchman for Kyocera.