Mixed Messages

While the unemployment rate, inflation rate, and job creation numbers are starting to improve, GDP growth, wage growth, labor force participation, labor productivity and home building remain weak. It’s as if the economy is schizophrenic! Since the Fed has no idea how this unfolds, it cannot provide any assurances as to the timing or magnitude…

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GDP is Back!

The US economy is improving; GDP is finally back where it was before the collapse of Lehman Bros! But by many measures the economy has a long way to go. For example, there are 130 million employed persons in the economy today the same number as in Jan 2000! That’s why we have low rates…

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