Posts filed under “Cycles”
My Sunday Washington Post Business Section column is out. This morning, we look at why the economic recovery is so unevenly distributed.
The print version had the full headline Not everyone is feeling the economic recovery while online the headline was Are you not feeling the economic recovery? This could be why.
Here’s an excerpt:
“The economy is, in a word, “lumpy.” It is strong in some regions, anemic in others. Strength by economic sector varies widely. There are myriad reasons for this: Some parts of the country were much harder hit by the real estate collapse; some sectors naturally rebound more quickly; some innovations lend themselves to more rapid growth.
The kind of recovery that you personally are experiencing is highly dependent upon many factors, but today I want to focus on three: education, market sector and geography. The data suggest these elements matter a great deal. Look closely, and you can see how your personal economic recovery is doing — and why.”
The column looks at the various ways elements impact your employment rates and wages. And, when no one was looking, I managed to slip in a Tom Brady joke.
Are you not feeling the economic recovery? This could be why.
Washington Post, May 17, 2015
Crisis Chronicles: The Man on the Twenty-Dollar Bill and the Panic of 1837 Thomas Klitgaard and James Narron Liberty Street Economics, MAY 08, 2015 President Andrew Jackson was a “hard money” man. He saw specie—that is, gold and silver—as real money, and considered paper money a suspicious store of value fabricated by corrupt…Read More
When discussing bull and bear markets, it sometimes helps to think of them as coming in two distinct flavors: Short-term cyclical markets and long-term secular ones. Knowing one from the other isn’t always easy. A number of veteran market observers such as Raymond James’s Jeffrey Saut, technician Ralph Acampora, strategist Laszlo Birinyi and market historians…Read More
From Torsten Sløk: Demographic developments are putting downward pressure on interest rates globally. But it is important to remember that the trend seen in the chart below is structural and very slow moving. Around this long term trend we have the business cycle, which is driven by positive and negative changes in confidence. In other…Read More