What a difference a month makes. Now, just four weeks later, the economy hasn’t cooperated with the pessimists. Just think about all the positive news we’ve had lately…
Don’t Cut Rates, Cut Spending…Government spending is growing faster than GDP and is projected to reach around 21% of GDP this year, taking resources from the private sector.
It feels like we are living in the Land of Oz and the Fed is the “all-powerful” wizard in control. The true (and underappreciated) wizards of growth, entrepreneurs, continue to drive us forward.
Corporate Stock Buybacks Aren’t the Problem. The environment on Capitol Hill has made populism a bipartisan affair, with Republican Senator Marco Rubio now joining the fray with a call to tax corporate stock buybacks. His argument?…
Ten Years Ago… It’s March 8, 2009. The market’s down 56% from its all-time high, unemployment is over 8% and hurtling toward 10%, it’s just been reported that real GDP dropped at a 6.2% annual rate in Q4 of 2008, and it feels like the world is coming to an end.
Spare Us the GDP Agony. In 2018 as a whole, real GDP grew at the fastest pace for any calendar year since 2005. And what’s even more impressive is that year-over-year real GDP growth has accelerated in every quarter since the beginning of 2017.