This week we learned the Median Household Income of Americans finally surpassed the 2007 peak. Inside the report released by the Census Bureau was a long discussion of the “lost decade” for most Americans. Masked by the overall income level is the fact average earnings are down, but
When the estimated growth rate for the US economy was released for the 2nd quarter, President Trump touted it as evidence of “an economic turnaround of historic proportions.” One of the secrets of the President’s success throughout his life has been his ability to spin things
This week my second favorite leading economic indicator was released and it immediately threw cold water on my optimistic outlook. Two weeks ago, I posted our economic model showing a continued bullish uptrend for the next several months. Building Permits and Housing Starts tend to be a very early leading
Tariffs and Trade Wars are dominating the headlines. Stock market participants are worried and the market indices have been falling every time one of the sides announces a new tariff or other restrictions on trade. Whenever markets start falling emotions begin to take over. The logic is “stocks dropped
The stock market is again on shaky ground as the Trump Administration is escalating the potential for a heated trade war with China. They announced the initial shots in March, which was matched by China with their own tariffs (even though China already charges heavy tariffs on US goods). Wall
