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…
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…
Our theme that a new business cycle expansion began in 2016 is easy to see in basic industrial and material sectors we have highlighted in past newsletters. Less obvious is the persistent consumption trends since the 2008/2009 Great Recession. While consumers have been the backbone of most expansion cycles, they…
Perpetually slow growth has been the ethos of this 8 year recovery cycle. The New Normal mantra coined by PIMCO in 2009 has become ubiquitous in financial circles to distinguish this sluggish expansion cycle from all others. Our lethargic global recovery was a fait accompli for the sins of state sponsored…
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