End To The Economic Mediocrity In Site?

August 18, 2014, by John Norris

After years of what I would consider a mediocre overall economy, I have to ask: when are we going to see meaningful growth, if ever? This is killing the middle class. So, what can be done? I make a pretty fair number of economic presentations, and always tell audiences to expect subpar economic growth for the foreseeable future. That sounds more complicated than it actually is, because I am being necessarily vague. After all, while...

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Some Common Cents for August 15th 2014

August 15, 2014, by John Norris

This morning, I saw a headline which used the word surreal to describe the US economy. According to Merriam-Webster, the definition of surreal is: “marked by the intense irrational reality of a dream; unbelievable, fantastic.” This is apt. When I pour through the data and look at trends, I keep coming back to a modestly growing economy that is vulnerable to external shocks. In other words, yes, the economy is growing at a mediocre, but...

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Some Common Cents for August 8th 2014

August 8, 2014, by John Norris

On Wednesday, my wife and I dropped off her car to have her transmission fixed, good times. I mean that money was just burning a hole in my pocket waiting to get out. The guy who owns the shop is a fellow named Joe, who was born and lived the first 19 years of his life in Lebanon. He claimed to be 52. After we had worked out a price, we made small talk for...

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