Economy Archive

Like-Kind Exchanges: Highlights from California

This blog post was written by Erin Fitzpatrick. Erin is a Summer Research Intern and is currently studying at George Washington University pursuing a B.S. in Economics and a B.A. in Political Science. The latest data from Bureau of Economic...
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August 6, 2015

Recent Oil Price Trends and What They Mean for the Housing Recovery

Crude oil prices are now trading at slightly below $50/barrel resulting in steep declines in gasoline prices. As of January 5, 2015, the U.S. Energy Information Administration (EIA) reported that the price of regular gasoline was $2.20 /gallon, the...

Black Friday: A Holiday in Itself to Some Shoppers

Black Friday, for some shoppers, is a holiday in itself. Deals are scouted out in advance, with a schedule drawn up of where to shop based on store openings. Vehicles are arranged strategically, in order to hold on to...

Third Quarter GDP: Production Boom, but Uneven Growth

There has been a boom in total production in the U.S. as the third quarter GDP grew at a 3.9 percent annualized rate.  This growth is on top of the 4.6 percent expansion in the second quarter.  Such a...

The Global Economic Slowdown and the Impact on the U.S. Economy

The U.S. trade deficit will widen in the upcoming months and thereby trigger a slowdown in the U.S. economy.  Why? Japan has officially fallen into a recession with two straight quarters of economic contraction.  Eurozone economies are barely hovering...