Economic charts may be as boring as they come… but not this one. Below we have a chart of US Real Disposable Income. Pandemic aid and enhanced unemployment payouts took what was a steady 2.6% growth over the last 10 years and generated a big shock up in income. Here we see massive pandemic aid […] Read the full article…
Yesterday we got the news that a bipartisan group of ten senators have reached a tentative deal on infrastructure spending. My first reaction is very positive. Could the two sides actually come together and agree on infrastructure? It’s still early in the process, but let’s see if they can get it done. We don’t have […] Read the full article…
• In a CNBC interview yesterday, Janet Yellen said, ‘I think the price of doing too little is much higher than the price of doing something big.’ • She argued that unemployment would be 10% if we measured it correctly. • She said inflation is not a big concern because the Federal Reserve ‘has tools’ […] Read the full article…