General Economic Conditions

Steady As She Goes

Steady As She Goes
We are 27 quarters into the current economic expansion, albeit the weakest on record with a historically low 2.1% average annual GDP growth rate. The following table summarizes the duration and growth rates of past economic expansions: As noted above, the average duration and GDP growth rate of prior economic expansions is approximately 6 years (25 quarters) and 4%, respectively,… read more →

Healthier Consumer = Slowing Economy?

Healthier Consumer = Slowing Economy?
Various measures of employment and personal income, while arguably uninspiring for a recovery, point to improving economic health for the U.S. consumer. ┬áMore specifically, first time jobless claims have maintained a downward slope over the last twelve months and the monthly change in non-farm payrolls has trended up over the last twelve months with recent October and November jobs data… read more →

A Fork In The Road

A Fork In The Road
As one contemplates the strength of current and prospective macroeconomic conditions it is important to discount the feeling of goodwill on Wall St. engendered by a stock market which has proceeded up and to the right since the end of recessionary conditions. In fact, consider from September 30, 2009 to February 28, 2014 the S&P 500 Index has appreciated a… read more →
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