Where you personally sit often determines your assessment of a situation. That is certainly the case with the economy. COVID19 turned our economy into a K-shaped economy, but we've had problems for quite some time, well before COVID.
A big part of the imbalance is our two deficits – trade and
These headlines are shocking and certainly something I don't want to make light of. While it is indeed the worst number since the Great Depression, the way GDP is calculated does not fairly represent what is actually happening. The government takes the estimated economic output for the last three months,
Earlier this week we learned the US Government ran a nearly $1 Trillion deficit this fiscal year. Despite promising 4%+ GDP growth to pay for the tax cuts, the temporary boost has already reversed and the trend is now clearly to the downside. As I’ve said since the
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
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
