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To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth Follow up: Elected...

The are more and more words printed every day on the effects of automation, some even believe in the "tooth fairy", like a British study claiming that automation over the last 15 years created 4 times...

Warren Buffett is confused about retail trade stating "retailing is tough for me to figure out". Not only is the retail model changing - but consumer spending and inflation trends are changing...

According to Liberty Street Economics: The latest Quarterly Report on Household Debt and Credit from the New York Feds Center for Microeconomic Data showed a substantial increase in aggregate...

The unanimous verdict: Thus far, the Trump administration is a textbook case of how not to run a complex organization like the executive branch. Follow up: And they found a few Ph.Ds to backup their...

Will the Trump administration effect the economy - either positively or negatively? I have written in the past that it takes a long time (except for helicopter drops of money directly to consumers)...

I have written on many occasions about the economic reset which occurred somewhere around the turn of the century. Inflation adjusted family incomes and prime age employment have little changed since...

All of us have opinions on the affects of automation. My university education stressed that there was nothing to fear from automation, as historically automation created at least as many jobs as...

I am getting the feeling the economy is lifting. The actual data to support my feelings is not obvious.Follow up: I have written on many occasions that I am biased against opinion surveys. The theory...

Water is necessary for your health. Drink too much water and you can get hyponatremia. It is very serious, and can be fatal. Too much of anything is not good. President-elect Trump believes one of the...

One of my favorite mottos is: "It is better to be lucky than good." No matter you good you are at what you are doing - the unforeseen and unpredictable can occur spoiling your efforts.Follow up: An...

If I hear one more idiot declare how well the economy is doing - I will scream. Half the population has not enjoyed economic improvement in the 21st century.Follow up: The economy is measured by the...

Wow. According to the headlines, the US economy has surged to 3.2% growth in the third quarter. Hope you are feeling it!Follow up: To begin, I hate the quarter-over-quarter methodology which produces...

I have a hard time believing that the FOMC members actually believe what comes out of their mouths.Follow up: What follows is testimony from Federal Reserve Chair Janet Yellen to Congress earlier this...

It was not logical to blame President Obama for the Great Recession. On the other hand, President Obama does have varying levels complicity in the extremely weak recovery - and the current zombie...

I have written before on the raising of the federal funds rate in June. The main thrust of that post: .... the Fed was negligent in not raising the federal funds rate earlier - when the economy was...