Month: October 2018

With the latest hike in Fed funds rate to 2.125%, this is the first time in a decade the rate is equal or above the inflation rate; 2% as measured by PCE-core, the Fed’s preferred gauge. At this level, the…

The size of the US economy is $19 trillion. The 28 nations in the EU share a $17 trillion economy and China’s GDP is about $12 trillion. This year, the US economy will grow about 3.1%; that will add $590…

During the years 2002-2007, the number of persons working part-time because they were unable to find full-time work averaged 4 million/month; 3% of the labor force. At the worst of the recession, it peaked at 9.25 million/month; 6% of the…