Donald Trump whined about the Federal Reserve doing what it has to do to cut off rising inflation rates...
While the economy continues to churn along even into 2018, well beyond what I had predicted, two recent events indicate that the gravy train may finally be coming to a long overdue halt.
While the quarterly GDP growth rate hasn't been below 2.0% since the first quarter of 2017, it also hasn't been above 5.0% since the second quarter of 2014, and it's a long way from the 7.0% rate in the third quarter of 2003.
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.
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.
With the election upcoming, we've no choice but to wait and see if the bubble economy bursts before or after the election.
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 →