Last week’s blog post focused on a strange dichotomy for the U.S. Consumer; their frustrations juxtaposed with their willingness to spend.
I spend a tremendous amount of time focused on the U.S. consumer not just from a domestic macroeconomic perspective, but global.
The… More >>
One of my key performance indicators for corporate earnings and U.S. GDP growth is the consumer. However, you do the math: without U.S. consumer spending, we would fast approach a growth cliff. Consumption is about 70% of the U.S. economy. Only on the margins can the… More >>
I have been getting a lot of curious reactions to my view that inflation is transitory as I’m sure the Federal Reserve is as well. After all, last week inflation was reported at a 30-year high of 6.2% on a year-over-year basis. [i]
Inflation is such a significant… More >>
As we wrote in our September 7 blog post, Soft Patch, job growth came to a screeching halt in August. Last week’s GDP report showed the U.S. economy slow dramatically in Q3. It was going to take some lifting of wages and jobs to get us over the economic hurdles of the last… More >>
Economic soft spots are showing up across the globe in third quarter GDP reports. China reported Q3 GDP growth of 4.9% year-over-year (0.8% annual rate). [i]
The European Union experienced similar weakness in Q3 with collective GDP growth of 2.2% on a year-over-year… More >>