Summary: Since 2010 I have said that the economy is locked in slow-mo and the Fed will not start a new rate cycle. It's even more true today than in 2010. Many investors and economists are convinced that the Fed will soon end its near-zero interest rate policy and begin raising rates - "normalizing them". … Continue reading The Fed Will Not Raise Rates In The Foreseeable Future
Summary: Economists get excited about aggregate GDP (today's hot economic news dot). People -- you, me, our neighbors -- care about per capita GDP. GDP that grows along with the population does nothing for our standard of living, (and less than nothing if the 1% cream off most of it). It is important to us, … Continue reading The secret but vital to know number in today’s economic news
Summary: Slow economic growth is among the most serious problems afflicting America. It's incontrovertible, expected to continue -- with broad and ill effects. Too bad neither of our major candidates are interested in talking seriously about it. We can change that, if we make the effort. An exaggeration, but it's a serious problem From the … Continue reading Trump & Clinton ignore America’s too-slow economic growth. We can change that!
Summary: Economists are studying the mysterious multi-decade slowing of the US economy. One bright spot was rapid job growth in a few rapidly-growing young firms. A new study shows that since 2000 both the number of start-up firms and the number of those with very rapid growth has been declining. It's another step on the … Continue reading Fewer new superstar firms: another step towards secular stagnation for America