from Liberty Street Economics
-- this post authored by Jonathan McCarthy
The current economic expansion is now the third-longest expansion in U.S. history (based on National Bureau of Economic Research [NBER] dating of U.S. business cycles). Even so, average growth in this expansion - a 2.1 percent annual rate - has been extraordinarily weak.
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from the St Louis Fed
At the turn of the 20th century, the U.S. became the world's leading economy, a position that it still holds. By 1950, income per capita in the U.S. was more than 4.5 times the world's average income per person.
Infographic Of The Day: Chart: Are Today's Students Prepared To Make Financial Decisions
Ultra-low interest rates have fueled a boom in debt and asset prices, making everything from houses to stocks very expensive. Meanwhile, students have accumulated $1.45 trillion in student debt, and grads will be squeezed for years attempting to pay it all off.
This widget provided by DailyForex.com Forex News & Brokers;
Written by Sig Silber
NOAA and JAMSTEC have substantially similar but not identical ideas on the ENSO forecast which is the key to the Seasonal Outlook. Both see a "cool" Eastern Equatorial Ocean pattern with NOAA being more optimistic than JAMSTEC that it will be a true La Nina. This results in closer agreement than usual for the temperature and precipitation forecasts for at least the first two Seasons. The details on this are discussed in this report.
from The Conversation
-- this post authored by Cynthia Hooper, College of the Holy Cross
Four major Russia investigations are underway in Washington, along with at least six related federal inquiries.
by Robert Rapier, Investing Daily
In the aftermath of Donald Trump's victory last November, I wrote that he was likely to target the EPA's Clean Power Plan (CPP) for repeal. Then in March, President Trump signed the Executive Order on Energy Independence, which called for a review of the CPP.
20Oct2017 Market Close: Wall Street Rises Along With Tax-cut Hopes, US Dollar Rises To Its Highest L
20Oct2017 Market Update: Wall Street Edges Up Moderately As Progress In Trump's Tax Plan Lifts Inves
20Oct2017 Pre-Market Commentary: Wall Street Futures Up After Senate Clears A Hurdle To Tax Cuts, Tr
ECRI's WLI Growth Index which forecasts economic growth six months forward is remains in expansion. This is compared to RecessionAlerts similar weekly leading index.