Saturday, September 20, 2014

Weekly Indicators for September 15 -19 at XE.com


 - by New Deal democrat

My Weekly Indicators piece is up at XE.com.

At the beginning of this year, I forecast a deceleration of growth in the latter part of the year.  It may be starting to show up.

Friday, September 19, 2014

About recovery, the American people "get it"


 - by New Deal democrat

I wanted to pass this on, from Pew Research via Digby.

Asked about whether the American economy is in a recovery, and if so, how strong, here was the breakdown of the replies:



It strikes me that this is probably also a pretty good self-report on economic well-being over the last few years.  Most Americans' individual position has improved, but not as much as they would like or need.  A small minority has made out quite well, and a larger minority has been completely left behind.

This is the point Bonddad and I have been making for 5 years.  Yes, the economy is recovering, yes it is a positive.  It's just not good enough.  The American people get it.