Economic News
Return to Economics Internet Library     Updated 5/1/18   
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Inflation Is Getting Back to Normal
Fed Warns About Coming Spike in PCE Inflation

"Interest Rates Usually Follow Inflation

Junk Bond Market Still in Total Denial, Fighting the Fed 4/18/18
See Why Interest Rates Are Rising
 

Lots of US Federal Borrowing Coming

"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 No
ECRI Leading Indicators Signal Economic Strength

Neil Howe Explains Investing in a Trump Market and the Bannon Affect
44 min video  2/4/17

This Indicates Yes

The Coming War Between Trump & The Fed to Determine Growth  8 min video review/preview 4/14/17

2017 Left Large Economies In Good Shape

 Great Recession Update 9/12/17

Trump Estimated Income Tax Saving before Payroll Taxes and Other Deductions
Return to One-Page Economic Issues     Updated 1/3/18         Please link to and 

Fast Food Cook

Average salary: $20,570

2017 tax: $1,059

2018 tax: $857

Percent tax cut: 19.1%

Machine Feeders

Average salary: $30,490

2017 tax 2,547

2018 tax: $2,028

Percent tax cut: 20.4%

Mechanics

Average salary: $40,860

2017 tax: $4,014

2018 tax: $3,273

Percent tax cut: 18.5%

Firefighter

Average salary: $50,520

2017 tax: $5,214

2018 tax: $4,432

Percent tax cut: 15.0%

Sheet metal workers

Average salary: $51,080

2017 tax: $5,322

2018 tax: $4,537

Percent tax cut: 14.7%

Editor's Note: Media US salary is about $60,000

Data Source businessinsider.com

Tax Bill in 10 Years
Maybe this will Activate the Sanders base