President Biden just signed the debt ceiling bill! Let the games begin. Hopefully, this will encourage the FED to ease interest rates and the stock market to climb. That is no reason for this country to go into a recession. We have high employment … [Read more...]
GDP Forecast
With the exception of the strong housing market recovery, the broad U.S. economy continues to underperform. This week data on the GDP growth of 1.8 percent in the first quarter was uninspiring. The long-term historical average GDP … [Read more...]
Latest GDP Surprise
Third quarter economic activity grew at 2.0 percent, which is decent but still subpar compared to the historical norm. Gross Domestic Product (GDP) generally grows by three percent on average and should be growing closer to four to five percent … [Read more...]
