Did the US economy just shrink 32.9%? No. Annualized rates are making a disaster seem even worse.
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Did the US economy just shrink 32.9%? No. Annualized rates are making a disaster seem even worse.

According to the headline in The Guardian, the U.S. economy just shrank 32.9%. USA Today agreed, saying “the second quarter Gross Domestic Product just plunged a record 32.9% from the previous quarter.” Both of these statements are wrong. As correctly reported in the New York Times, the economy — or more accurately, the GDP estimate…

Who’s better for the economy, Democrats or Republicans?

Who’s better for the economy, Democrats or Republicans?

I set out to learn which party did a better job for the American economy. What I found out taught me more about data than politics. In a time of market-based panic and bloviating presidential candidates, we need thoughtful data analysis, not empty rhetoric. Here’s a challenge for you. Just for a moment, try not…