◀ The Principal Blog

Don’t Judge a GDP Report by Its Headline



From the initial estimate of first-quarter GDP to the second one released today (May 29), we moved from stagnating economic activity (0.1% rate of growth) to a contraction, a 1% decline to be exact.  This marked the first time since 2011 that the U.S. economy had a quarter of declining economic…

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Thai Awry: Coups and Changing Fundamentals in Thailand



The country of Thailand is no stranger to a military coup.  Indeed, the latest coup, officially declared on May 22nd, is the country’s 19th attempted coup since absolute monarchy ended in 1932.  Following months of political turmoil and fears that violent demonstrations were going to escalate,…

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