The larger service economy recovered years ago and remains strong, while the manufacturing world has only confirmed exceptional expansion rates over the the past year. The latest ISM Manufacturing Purchasing Managers Index (PMI) test of 61 is impressive and usually occurs in the early to middle innings of a new economic…
Automation and Artifical Intelligence (AI) are spurring an economic and cultural shift toward self employment as demand for traditional jobs are eliminated. Independent contractors and freelance workers (gig jobs) have risen beyond 53 Million workers or 34% of our labor force. Roughly 50% of Millennial workers are already a part of…
Currencies appreciate and depreciate for many reasons and either extreme isn’t necessarily good or bad. Traditional economic theory holds that a cheaper domestic currency relative to other trading partners reduces imports and boosts exports as our widgets become cheaper from the perspective of other countries and inflation pressures rise as…
Since the 2016 elections NFIB surveys of Small Business Optimism have soared, generating the most dramatic jump in expectations on record. With Corporate Tax cut stimulus effects still ahead and restrained capital spending data, it appears there is room for growing euphoria in 2018. Advisor Perspectives (advisorperspectives.com) does a great job presenting…
Impressive Economic Acceleration Our theme for 2018 is for an even stronger economy accompanied by slowing stock market growth as compared to 2017. Much of the slow recovery since 2009 has been on the backs of the consumer without the normal contribution of Investment Spending and Exports. The new expansion cycle we entered in…
© 2018 Exec Spec. All Rights Reserved.
