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Salvatore Babones


What’s Holding Back the US Economy?

January 27, 2012 /

by Salvatore Babones


The headline figures say that real gross domestic (GDP) product grew at an annualized rate of 2.8% in the fourth quarter of 2011 (October through December).  This is good news. ...

When Does a Recession Become a Depression?

January 26, 2012 /

by Salvatore Babones


The US economy officially went into recession in December 2007.  The recession supposedly lasted eighteen months.  By July 2009 the economy was growing again. Well, at least the Plutonomy was...

The Realonomy Explained

January 12, 2012 /

by Salvatore Babones


In 2005 Citigroup stock analysts Ajay Capur, Niall Macleod, and Narendra Singh had an incredible insight. Once upon a time GDP growth meant that the whole economy improved.  But in...

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