Category: "weekly economic summary"

Slow Economic Growth Will Be Around For A Long Time

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The White House website reads:

To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth

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Will Jobs In The Future Be Gained Through Dead Man's Shoes?

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The are more and more words printed every day on the effects of automation - some even believe in the "tooth fairy",  like a British study claiming that automation over the last 15 years created 4 times more jobs than were lost.

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Trumpcare or Obamacare - They Both Suck

Over the last two weeks, versions of Trumpcare have made it out of hiding for consideration. Of course the media immediately jumped on the bandwagon pointing out various defects and generally slamming Trumpcare, often with bias rather than detailed facts.

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The Confusing State Of Retail Sales

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Warren Buffett is confused about retail trade stating "retailing is tough for me to figure out". Not only is the retail model changing - but consumer spending and inflation trends are changing also.

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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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