Corporate balance sheets are in excellent shape, but equally impressive is the Net Worth of the American Household that grows virtually every single quarter year over year. During rare periods when it doesn’t expand, it typically coincides with economic trouble. Historically, more than a 4% decline in sequential quarters is a warning…
Working fewer hours at higher pay sounds like a good thing. It may be better than it sounds. Both high skilled white collar and lower skilled blue collar jobs are requiring less education, offering more perks with less drug testing and above normal wage gains. Listening to politicians one might think…
By early 2008, a few months after a major Bull market peak in stocks, Yellow Flags on the US economy had turned Red across the spectrum. Bond spread risks were spiking, consumer and business confidence surveys collapsing and many indicators were signaling trouble. Today’s purveyors of gloom haven’t given up the ghost…
US had a public debt of just $75 Million in 1791 and for more than a century afterwards the total public debt averaged just 2.5% of US economic production (GDP). Today’s Government Debt is estimated to be $22 Trillion at roughly 107% of the size of our annual GDP. Historically,…
European dysfunction is making Trump’s economic ‘strategery’ look prescient. We all know that Trade Wars are bad for all economies, yet the US economy accelerated in 2018 while all others have slowed to a crawl as US tariff threats across multiple continents became reality. Perpetually fractured European leadership sat on its hands in…
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