Economists forecast a boom soon. The numbers show slowing. Who is right?

Summary: 2014 was to be the year the US economy reached "escape velocity" from the slow 2.2% GDP growth since the crash. So far, as repeatedly predicted here, that has not happened. What might the second half of 2014 hold for us? The long-awaited acceleration, or more trend growth, or (what few economists expect) further slowing? … Continue reading Economists forecast a boom soon. The numbers show slowing. Who is right?

Watch corporations strip-mine their future (and ours)

Summary: Al Qaeda (Bin Laden's organization, if it still exists in meaningful form) is a threat to America. A greater threat are our CEO's, some of whom who have discovered discovered a formula to vast personal wealth: leverage the company up (borrow), use those funds to buy back stock (boosting earnings per share), cut capital … Continue reading Watch corporations strip-mine their future (and ours)

Four graphs showing a nation in decline. An unnecessary and easily fixed decline.

Summary:  We mock China for their over investment in infrastructure. Gleaming new factories, high-speed trains, subways. Foolish ants. Exceptional America does it better. As a third in this series, we look at some pictures of how much America invests in itself.  These are snapshots, not a comprehensive assessment. Still, they tell a chilling story.  We … Continue reading Four graphs showing a nation in decline. An unnecessary and easily fixed decline.

Why America’s growth is slowing, and a solution

Summary:  The 21st century holds many economic challenges for the world.  Rivals (eg, China). The robot revolution (job losses from the next wave of automation). And slowing technological growth, an essential driver of the US economy.  This is a follow-up to Has America grown old, and can no longer grow? Or are wonders like the … Continue reading Why America’s growth is slowing, and a solution