By all objective measures, the economy generated fewer jobs in 2017 than the previous 3 years. This isn't political punditry, it's merely a statement of fact.
With the end of easy money, and the Federal Reserve looking to balance their books, there may be a tightening of capital in the very near future as that $4.5 trillion tab gets cleared.
GDP GROWTH DATA The GDP Growth Rate for 2017 Quarter 1 was officially 1.4%, considerably below the 15-year mean, which includes the 2007-2008 recession that makes that number considerably easier to beat. The 4-year trend from 2013 through Quarter 1 of this year continues to show a downward trend, though 2013 and 2014 were the... Continue Reading →
The economy has been moving upward since about 2015, but, from a purely political standpoint, much of this growth could be attributed to the general impression that the political winds were going to change in Washington.
The latest helping of government data on jobs and the economy are remarkably rosy, but there are more than a few dark clouds surrounding the silver linings.
As we look toward the end of the year and the 4th Quarter, the change in political leadership could change the economic landscape, depending on how quickly the Congress and White House can enact whatever policy they plan on pushing forward.
With the election upcoming, we've no choice but to wait and see if the bubble economy bursts before or after the election.
Coupled with a broad base slow down in production and construction, we still appear on track for a recession starting in 3rd quarter or 4th quarter 2016, though it does not appear to be a traditional recession.