Category: "weekly economic summary"

Is Growing Household Debt An Economic Counter-Dynamic?

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According to Liberty Street Economics:

The latest Quarterly Report on Household Debt and Credit from the New York Feds Center for Microeconomic Data showed a substantial increase in aggregate household debt balances in the fourth quarter of 2016 and for the year as a whole. As of December 31, 2016, total household debt stood at $12.58 trillion, an increase of $226 billion (or 1.8 percent) from the third quarter of 2016.

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Is Free Trade Harming the Economy?

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I generally get inspiration from the mindless crap (aka opinion) the media pumps out pretending it is news. The media has turned from being mostly biased towards (and non-objective about) the Obama Administration - and mostly biased against (and non-objective about) the Trump Administration. Could it be people are not objective when it comes to those they like or hate?

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Chaos Theory Applied To Trump Presidency

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The New York Times published its view:

The unanimous verdict: Thus far, the Trump administration is a textbook case of how not to run a complex organization like the executive branch.

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Higher Employment Levels Not Energizing The Economy

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I have written on many occasions about the economic reset which occurred somewhere around the turn of the century. Inflation adjusted family incomes and prime age employment have little changed since 2000.

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The Destruction of the Existing Workforce

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All of us have opinions on the affects of automation. My university education stressed that there was nothing to fear from automation, as historically automation created at least as many jobs as destroyed.

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