Heterodox
Remember when I said I predict a boom of "golden age" vigor, beginning in 2016 and lasting eight to ten years. It has already begun. In two years everyone will be predicting it. Tom, you said Art goes out on the limb.... Art follows up.I admit that things are looking up for the US and the global economy, which are still coupled.But there is also a lot of other coupling (like China), and so predictions have to be contingent on trends holding or improving, with no surprises like adverse...
Read More »Edward Harrison — Let me tell you why I’m still worried before detailing the positive economic data
Ed Harrison follows up on yesterday's bullish outlook. Yesterday I promised you to “look at individual economic data points and tell you why I think they bolster the case for optimism about the economic trajectory.” But before I get into that, let me tell you why I still worry about the foundation of this global recovery. And a lot of it has to do with the pace of growth and with inequality. Let’s look at the US here.... Credit Writedowns Let me tell you why I’m still worried before...
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