One of the running themes of this website over the last 6 years is the idea that the US economy is not doing nearly as well as it should be, however, that it’s also not doing nearly as bad as some people would have us believe. I’ve called this period in history the “Era of Irrational Apathy”. Unfortunately, whenever I publish something like the recent post on the solvency of the USA I get a lot of pushback from people arguing that American living standards are in some sort of termi...| Pragmatic Capitalism
How Things Work | www.pragcap.com
Cullen Roche says that markets are losing sight of the fact that things were “already dicey” economically even before tariffs. He calls the next 12-18 months “pretty worrisome.” He doesn’t think consumers are “strong enough to bear the brunt” of this. He thinks Powell will be extra cautious going forward because it will be uncertain whether tariffs are a one-time price increase or inflationary. He also doesn’t expect big companies to reshore manufacturing, but just to wait out...| Schwab Network
Households and Nonprofit Organizations; Net Worth, Level| fred.stlouisfed.org
Unemployment Rate+Consumer Price Index for All Urban Consumers: All Items in U.S. City Average| fred.stlouisfed.org
Real Median Personal Income in the United States| fred.stlouisfed.org
Real Gross Domestic Product| fred.stlouisfed.org
