[243] How’s the US economy doing? – with Tim Duy and Dean Baker
Dean Baker
November 24, 2014
Real-World Economics Review
Our lead story: Our lead story today is consumer spending. On Friday, the Commerce Department released data showing that US retail sales rose 0.5% last month – beating expectations of 0.4 and the biggest increase since August. Retail sales rose 0.3%, and falling oil prices have played into this in a big way! Erin takes a look.
Then, Erin sits down with Tim Duy, professor of economics at the University of Oregon and blogger at Tim Duy’s Fed Watch. Tim gives us his take on whether middle class Americans are better off now than they were 20 years ago. He also has a firm view on whether we’re over-reliant on the central bank.
After the break, Erin talks to Dean Baker – co-director of The Center for Economic and Policy Research. Dean tells us why he thinks nominal wage gains have been so weak and gives us his take on consumer debt issues, especially mortgages and student debt.
And in The Big Deal, Erin and Edward Harrison are also talking about consumer debt. Take a look!
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2014-11-24
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