gdp

Output Gap Most Negative Since 1980

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This article will pack in as many economic signals as possible without it being too overwhelming. The list below shows 5 groupings of indicators which tell us the likely future performance of the consumer. The situation looks great as 17 out of 18 indicators are favorable and only one is…CONTINUE READING

Millennials Have Less Assets Than The Prior Generation

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Many consumer confidence surveys depend on how people feel about their own lives since it’s what they know best. If they are asked about the economy, their answer probably tells us about their job prospects more than anything. Confidence is really high before recessions because that’s when the labor market…CONTINUE READING

The U.S. Is Unhealthy

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With the CPI showing only 1.9% year over year inflation in medical costs, it’s easy to forget about the extremely high costs Americans pay if you are an economist only looking at the government inflation metrics. If you speak with most Americans, they will laugh at the idea that medical…CONTINUE READING

Consumer Spending: Is US At Risk Of Recession?

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Technology & Wages Drive Consumer Health In this article we will look at some of the trends in consumer spending which is the most important part of GDP growth. Previously we reviewed whether the average US consumer is healthy or not. The biggest worry long-term is that US consumers do not…CONTINUE READING

Credit Card Debt Highest Since 2008

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President Trump made a bold official promise of 4% GDP growth per year: “To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth,” reads the White House…CONTINUE READING

The Federal Reserve: Everything You Need To Know

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What Is The Federal Reserve? The Federal Reserve System was established on December 23, 1913 with the enactment of the Owen-Glass Act also known as the Federal Reserve Act, making the Federal Reserve System (The Fed) the central bank of the United States. The Federal Reserve System consists of twelve regional…CONTINUE READING

Why Is China Dumping US Treasuries?

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China is a major manufacturer of merchandise. They are the world’s second largest economy, following the United States. China is the world’s biggest exporter of goods and have the largest trade surplus. That trade surplus results in vast currency reserves. This positive balance of trade for China has continued to…CONTINUE READING