Employment increases from small business is the key to a sustainable economic recovery in the US. Traditionally, employment has not been a leading economic indicator because since WWII we’ve always been in a credit and banking expansion. Now that is no longer true, and in fact banking and credit are contracting. Because of this, the some [...]

Here is a brief snapshot:

4q 2009 US GDP was revised up from +5.7% to +5.9%. That’s a welcome change from continual lowering of GDP data (though there is one more revision to come in another month). Unfortunately most of the gain -almost 4%- came from a tepid inventory rebuild. Because of how GDP is calculated, [...]