Current Economic News
Return to
Economics Internet Library |
||
|
Inflation Is Getting Back to
Normal
|
||
"Interest Rates Usually Follow Inflation
Junk Bond Market Still in Total Denial, Fighting the Fed
4/18/18 |
||
Lots of Federal Borrowing Coming
|
||
Will Continuing GDP Growth Pay For The Debt Snapshot from the FED has much data |
|
|
"Of course, market melt-ups are symbolic of the final phases of "capitulation" as
investors
who feel like they "missed the boat," finally jump back on
board."
The
Melt-Up Continues 1/26/18 "Larry Summers is choosing to write op-eds claiming that Janet Yellen could not have left Jerome Powell with a better legacy. Nobody seems to have told Summers that in 2017, Yellen's Fed did not alter the Fed's interest rate path. It failed to do so despite the strong boost that a close-to-full-employment U.S. economy was receiving from the combination of a 25 percent increase in U.S. equity prices, a 10-percent dollar depreciation and the large unfunded Trump tax cut. In all probability, this has left the Fed well behind the interest rate rising curve, which realization is now roiling the U.S. bond market. More disturbingly yet, no one seems to have told Summers that by keeping monetary policy too low for too long, the Yellen Fed, along with the world's other major central banks, have created a global financial market bubble of epic proportions. This bubble is to be seen in global equity valuations at lofty levels experienced only three times in the last 100 years, in government bond yields at historic lows, and in serious credit market mispricing." 2/5/18 Source
|
This Indicates Yes
The Coming War Between Trump and
This Indicates No
Neil Howe Explains Latest 11/18 Indicates Yes
|
2017 Left Large Economies In Good Shape
Wages Trying to Keef
Great Recession Update
9/12/17 |
Consumer Debt All Time High
|
Household Debt Service Very Low
Editors Note:
|
Trump Estimated Income Tax Saving
|
||
Fast Food Cook
Average salary:
$20,570
2017 tax:
$1,059
2018 tax:
$857
Percent tax cut:
19.1% $202/year or $3.89 -per week- |
Machine Feeders
Average salary:
$30,490 2017 tax 2,547 2018 tax: $2,028 Percent tax cut: 20.4% $529 per year or $10.17 |
Mechanics
Average salary:
$40,860
2017 tax:
$4,014
2018 tax: $3,273 Percent tax cut: 18.5%$741/ year or $14.25 |
Firefighter
Average salary:
$50,520
2017 tax:
$5,214
2018 tax:
$4,432
Percent tax cut:
15.0% $782 per year or $15.04 per week |
Sheet metal workers
Average salary:
$51,080
2017 tax:
$5,322
2018 tax:
$4,537
Percent tax cut:
14.7% $785 per year or $15.10 |
Editor's Note: Media US salary is about $60,000 |
Data Source businessinsider.com |
Tax Bill
in 10 Years
|
Latest Economic News From 2017