2024 Economy

Covid Lockdown Handled Well by Washington

Trump-Biden Risked Inflation to Lower Unemployment

 Short Recession

Inflation Getting Back To Normal

Presidents and Federal Reserve Responded Well

US Growth Led the Industrialized World

Latest Data and Discussion Topics

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2020 Short Recession

 

 

 

A Two-Quarter Recession

 

 

Inflation was Transitional

 

San Francisco Fed estimated
supply chain shocks
caused 60% of the U.S. inflation
 mid 6/21-mid 6/23

Federal Government Responded Well to Covid

 Unemployment Inflation Effect
Trump failed to stop Democrats and Media from forcing economic shutdown.    
CARES Act (Coronavirus Aid, Relief, and Economic Security Act) 3/27/20, $2.2 trillion spent 14.8% Very Little
COVID-19 Relief Package (Consolidated Appropriations 12/27,20, $900 billion spent 6.7 Some
2021 Biden adds to the spending
American Rescue Plan Act (ARPA) - Enact 3/11, 2021, $1.9 spent		 6.1 Moderate +
Fed predicts inflation transitional, but it stayed high longer because    
   Supply Chain bottlenecks as Covid slows globalization   Moderate
   Feb4-20 22 Russia invades Ukraine   Moderate

Discussion Topics
18-charts Explain US Economy/

Myths About Inflation video

Higher education bubble in the United States

Bloomberg.world economic indicators

 

Great Depression Myths

Myths About the Great Depression

Special Topics in Microeconomics

 

 Post WW 2  Cycle Analysis
       1. Competitive Adjustments

            2. Good Jobs Gone

            3. Severe Recessions

            4. Great Recession

            5. Great Recession

            6. Market Bubbles

            7. Big Cycles Over Last 100 Years
 ' quotes. What could replace the dollar "when Europe's a museum, Japan's a nursing home, China's a jail, and Bit coin's an experiment"?

 

 

 

 

US Growth Led the Industrialized World

 

1950-1980 Liberals Dominate with Roe Wade, Race Integration, Social Programs

1981-2016 Conservatives Dominate with Globalization, Tax Cuts-especially for business and rich

1988-2020 FED Easy money lead to High Business Income lead to massive Stock Market Gains.

1950 to 2020 Globalization leads to income inequality as the top 10 % do very well and
the lower 50% receive a small income increase and a large wellbeing boost from
Medicare and Medicaid, SS, Tax Credits and SNAP type assistance.

2020-2030 will be a time of insecurity leading to anxiety.

2024 Election Information