Summary: To understand this election we must see the accumulated stresses which produced the insurgencies in both parties. Rising income inequality -- "the hollowing out" of the middle class and rise of the 1% -- is probably the biggest, yet still poorly understood (until recently conservatives denied it). This great study by one of our … Continue reading See America’s income inequality grow during 1979-2011, a driver of Campaign 2016
Summary: Every year Wall Street economists see a spike in a few indicators and announce an imminent boom. This slowly fades away, leaving another year of slow growth -- preventing full recovery from the crash. Readers of the FM website have seen this accurately reported since the crash, avoiding the boom-bust cycle of of crushed … Continue reading The US economy flies into the “coffin corner”, but we don’t mind!
Summary: We've reached a critical point in this business cycle. We enjoyed the years of fiscal and monetary stimulus; now comes the dismount. Only after the stimulus ends will we learn the true strength of our economy. Today we look at the monthly jobs report, perhaps the single most important indicator. Three graphs tell the story, … Continue reading 3 graphs tell the story about the US economy, hidden amidst the noise of the jobs report