The economy is not in the best of shape presently, and this becomes even more obvious the more the administration tries to pressure the Federal Reserve Board to further lower interest rates, and yet the pundits continue to claim that things are going well.
One thing is for sure, this isn’t the rapid growth economy we were sold.
By every objective measure, the economy has been at best mediocre, and, when compared to the performance of the economy since Reagan, this economy has been flaccid, especially in 2019.
The current administration is desperate to have American voters believe their blatant mediocrity is somehow better than the blatant mediocrity of the prior administration…
This economy isn’t “better”, and it sure as Hell isn’t “great”.
Bragging about a 3.6% unemployment rate with 62.8% labor force participation is like bragging about how well a cupcake fits in a ring box. No one wants that cupcake or the ring box.
Is this a healthy economy?
There are a lot of indications, not least of which the rhetoric coming out of the White House, that the economy is not as strong as has been sold.
The only thing keeping the United States economy out of a significant recession have been low interest rates…
There are some fairly unusual things about the economy in the Trump Era, that are reminiscent, albeit opposite, of the Carter Era.
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.
The economy continues to roll ahead however isn’t without blemishes.
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