No Economy is an Island: A More Rigorous Look Under the Hood of the U.S. Economy
Is it possible, in a global economy in which the United States’ principal competitors are experiencing slow growth, disinflation or deflation, wage stagnation or slowing of wage growth, and slumping currencies relative to the US$, that the U.S. economy can be an island of relative prosperity unto itself?
Can the level of global market interest rates, in the aggregate at historically low levels (some short term rates being, in fact, negative) be ignored? Or is something more serious amiss?
Is the U.S. economy, so heavily dependent on consumption and exhibiting similar characteristics as its competitors (disinflation and anemic growth/reversals in many data points), really as healthy as equity markets seem to believe it is?
The attached slide deck explains what is really going on under the hood of what appears to many to be a U.S. economy moving out of idle and into sustainable traction forward. Included in these 25 data-packed slides is research and analysis illustrating, numerous factors such as U.S. monetary policy, downward pressure on long U.S. Treasury bond rates, Disinflationary trends, etc.
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