Status report on the US economy: where we are, where we’re going

Summary: After a near-recessionary 4th quarter (and the start of the extraordinary QE3), the US economy slowly accelerated during the first two quarters of 2013. Much depends on that growth continuing. With monetary and fiscal policy already running at full throttle, another slump would force ugly choices. Today we survey the confident (but shrinking) forecasts … Continue reading Status report on the US economy: where we are, where we’re going