Until we meet again, Alcuin Library

Next Monday, Alcuin Library at St. John's University closes until January.  It will be called the Alcuin Library Learning Commons when it reopens, and between now and then it will undergo extensive renovations. I stopped by Alcuin this morning to take one last look around the building (and, to see if there are any books in HC section that I might want before the books go into storage.) I even … [Read more...]

Growing at a snail’s pace: a first look at 2016’s GDP numbers

The first estimates of U.S. gross domestic product (GDP) for 2016 arrived this morning.  The headline number: real GDP grew about 0.5% from January through March.  That’s pretty slow, especially compared to the 2015 annual rate of 2.4 percent. The picture above shows real GDP relative to its potential.  Potential GDP measures the amount of final goods and services the US economy could produce … [Read more...]

Inflation! Debasement! March edition

Last month I discussed the inflation! debasement! phenomenon: the certainty that, no matter what the data tells us, accelerating inflation and a depreciating currency are just around the corner.  Let’s take a look at the latest information, for March 2016: Inflation: holding steady. Prices overall rose 0.9 percent since March 2015.  If we exclude food and energy prices, the Consumer Price … [Read more...]