Joel Prakken, chairman of Macroeconomic Advisers, said this morning that he expects the nation’s economy to grow about 4 percent next year and almost that fast in 2011. That means the recession is definitely over, and Prakken admits that he’s…

The latest survey from the National Association for Business Economics has some good news and some bad news about the macroeconomic outlook. A majority (74 percent) of the 45 participating economists think the recession will end by the third quarter…

When last we talked to Ken Matheny of Macroeconomic Advisers, he was predicting that the recession would end in the second quarter of 2009. Now, he has pushed the projected recovery back to the third quarter. He also thinks gross…

Chris Varvares, president of Macroeconomic Advisers and the current president of the National Association for Business Economics, keeps a file of news-media reports that distort the state of the economy. Unfortunately, he told a group of St. Louis journalists, the…

According to Real Time Economics, Clayton-based Macroeconomic Advisers now expects the Federal Reserve to cut a key short-term interest rate to zero by January. The firm’s Laurence Meyer and Brian Sack also think the federal funds rate will remain at…

Now that the Federal Reserve has done what everyone expected, reducing its key overnight interest rate to 1 percent from 1.5 percent, it’s time to start thinking about the Fed’s next move. As I said in Tuesday’s column, a 1 percent…

As I mentioned last week, Macroeconomic Advisers Chairman Joel Prakken has declared that we’re in a recession. Yesterday, that reality was reflected in his firm’s forecast for the first time. The Clayton-based firm now says that gross domestic product shrank…