If the economy continues to muddle through at around 2 percent annualized growth, we could very well slip into deflation in the next two years,
I think that the U.S. consumer is hot to trot. I think you're looking at a first quarter that's going to easily top 10 percent (in retail sales increase) on an annualized basis.
I think that the U.S. consumer is hot to trot, ... I think you're looking at a first quarter that's going to easily top 10 percent (in retail sales increase) on an annualized basis.
Corporate America is just a productivity machine. Non-farm businesses were able to boost their output at a 3.5 percent annual rate and cut payroll hours at an over 2 percent rate. So 40 percent of the productivity increase came from the backside of the workforce.
It may be that low rates are not the only help the economy needs. But we could be in even rougher shape without monetary ease, and 80 percent of what the Fed's already given us is behind us. We could use another dose.
It may be that low rates are not the only help the economy needs, ... But we could be in even rougher shape without monetary ease, and 80 percent of what the Fed's already given us is behind us. We could use another dose.