U.S. Economic Outlook

Here’s a pithy and insightful U.S. economic outlook by David J. Stockton in about 15 charts, presented today at the the Peterson Institute. Easy to understand why we are in the New Normal. The decomposition of labor compensation is something I hadn’t seen before — simple time series charted, worth 1000 words.

 

One response to “U.S. Economic Outlook

  1. “Almost every Fed chairman in the past 60 years has manipulated
    interest rates to brighten the economic outlook for incumbent presidents
    or newly elected presidents who won by large margins. The
    purchasing power of the U.S. dollar has fallen 94 percent in the past
    100 years. The only way you can create inflation is by creating more
    money that is backed by the same reserve assets; the Fed is the only
    entity that can create more money. Ben Bernanke’s quantitative easing
    (QE) programs have pumped billions of unfunded dollars into the
    economy, thereby setting us up for massive inflation in the very near
    future. If this isn’t a form of financial terrorism, it is incompetence of the highest order.”

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