A stock market crash will hurt areas that produce stock certificates. Like San Francisco.
Summary: Here's another status report on the US economy.. Most economists expect faster growth. Perhaps so, but there are dark spots in the picture. Concerns about unsustainable auto sales, weakening exports, and (the big one) the mini-housing boom rolling over. . Expectations run high for the US economy, an acceleration from the 2%/year GDP growth … Continue reading It’s not too soon to worry about the US economy. There are things worse than slow growth.
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?
Summary: It's time for another look at the US economy. Economists have lots of enthusiasm. Lots of bad news, blamed on the severe winter that hit much (but not all) of America. Has the data warmed up? Is it Springtime in America? Content Stand by for the boom! About housing, a driver of the recovery … Continue reading Status report on the US economy: stand by for the boom!
Summary: 2013 ended with economists predicting accelerating economic growth in 2014, as they have every years since 2010 (wrongly). Let's examine the stories, so you can prepare your family and business for the range of likely outcomes. . Contents Hope for 3.5% growth, or more! Bigger hope: what if we get 4%? White hot hope: … Continue reading What can we expect from the US economy in 2014?