As rosy as the economic data seems, there's still some pretty serious questions hanging over this economy.
How do you operate a national economy, let alone the global economy, on a commodity so small that an errant box fan could conceivably wipe out an individual's wealth?
Donald Trump whined about the Federal Reserve doing what it has to do to cut off rising inflation rates...
The fact that so many Americans are not participating in the labor force today, a problem that exploded under Obama, so he bears responsibility, is the single largest problem facing America today, and Trump and his supporters never talk about it.
Americans should remain skeptical of the rosy picture painted by the latest jobs report, because fundamental problems in the economy remain.
There are a lot of things that look good in the last few quarters, and growth remains solid, particularly if the 3.5% preliminary GDP growth rate holds through revisions, but there are still some nagging doubts that won't go away.
Should conservatives of conscience continue to oppose Donald Trump's crony corporatist presidency or, given what Donald Trump has allegedly accomplished over the last two years, accept his glaring character flaws and manifest corruption as simply the price of admission?
The current administration's economy has only outperformed the average performance of the previous administration (post recession) eight months out of the last twenty-one months, or roughly one-third of the time.
Despite numerous deregulation victories and his incessant bragging in 2016, Trump's economy has created more jobs than Obama's second term (post recession) economy only 7 out of the last 20 months.
If the labor force participation rate were still at its peak (roughly around 67%), roughly 10 million more Americans, that's the entire population of New York City plus an additional 1.5 million people, would still be in the labor force.
[O]ne thing Trump is very good at is claiming responsibility for the things that are going right for the United States economy, but these claims don't actually hold up to any rigorous scrutiny.
[D]espite the bump in the stock market from the positive preliminary jobs numbers, it's important to keep in mind the greater perspective.
There is no arguing that the drop on Friday was anything other than a rout, and it remains to be seen if the weekend will be long enough to cool the white hot fears of inflation that drove the market stampede in the first place.
The bottom line is that while the jobs number for June seems strong, it is accompanied by enough asterisks that excitement over it should be well tempered.
Like any economic activity, wherever there is a dollar to be made, invariably someone will eventually seek it out.
There are three big reports on the economy to talk about this month, including the latest Federal Reserve meeting which occurred in the mid-March. Let's get straight to the latest release from the Bureau of Economic Analysis. Real gross domestic product .. increased at an annual rate of 1.4 percent in the fourth quarter of... Continue Reading →
As 2015 draws to an end, it's time to take stock as a People and as a Nation. The first essay on Liberty is For the Win was about looking at the affects of fifty years of leftist policies upon the twenty largest cities of the 1960's, at that time centers of commerce, prosperity, and wealth. To close out... Continue Reading →