Fake Economics. One of the greatest myths in all of economics is the “Government Spending Multiplier” sometimes called the “Fiscal Multiplier.”
My State is Bigger Than Your Country! Can you guess which foreign country has a similar GDP to the state that you live in?
The Plentiful Job Market. Rising wages appear to be drawing more workers back into the labor force, with the number of people either working or looking for work up 162,000 per month in the past year, even as the US continues to face the demographic headwind of an aging Baby Boom generation.
U.S. Economy is Rising! But…A solid 3.5% real GDP growth rate reported for Q3 wasn’t enough to appease the doomsayers.
Economic growth continued at a robust rate in the third quarter, supporting the case for both a continued bull market in stocks and further rate hikes from the Fed. But that won’t stop the pessimists…
The investment markets. It’s heartburn, not a heart attack. The odds of a recession happening anytime soon remain remote, we have it at 10% or less. And a recession is what it would take for us to expect a full-blown bear market. In other words, the current downdraft is just heartburn, not a heart attack.