Tag Archives: economic expansion

A fundamentals-based look at the consumer indicates the expansion is in good shape for now I was going to update the Coronavirus dashboard today, but since half of the States no longer bother to report over the weekend, Monday is basically useless. There may be a few interesting things happening … but let’s wait until tomorrow. In the meantime, I see where Bill McBride posted a graph of spending on gas as a percent of total consumer...

The global economic system is premised on growth, not just any growth, but growth where it matters (economically). However, population growth (the foundation of economic growth) among the high and upper middle income nations of the world is rapidly winding down. As I have outlined previously, total births have been declining among the combined high/upper middle income nations since 1988 and now births are declining everywhere but among the low income nations of the world (HERE). Without...

Don't celebrate the recent expansion yet. The economic numbers look good — until adjusted for inflation.The real wage is falling. Workers are becoming worse off economically in real terms even with nominal wages improving somewhat but not substantially. They falling further behind than they were before the expansion in terms of purchasing power.Occasional Links & Commentary“Don’t class warfare me”David F. Ruccio | Professor of Economics, University of Notre Dame