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Your mission, should you choose to accept it:
Stay in that trend channel forever!
Source Data:
St. Louis Fed: Custom Chart
Q4 GDP Tracking: Mid 2% Range
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From Goldman:
We left our *Q4 GDP tracking estimate unchanged at +2.4%
(quarter-over-quarter annualized)* but boosted our Q4 domestic final sales
forecas...
3 hours ago
5 comments:
Well at least we're not at the top of the trend channel. Plenty of time for a credit disaster, like a whole year. This must be positive!
Interesting find.
I think a low channel failure is inevitable.
Cheers!
JzB
Ah yes, the famous early-1990s debt decline. And it came without crisis, and it came without depression. And it gave us the "goldilocks" economy of the latter 1990s, years that Robert Gordon referred to as a "macroeconomic miracle".
dd & Jazzbumpa
Well at least we're not at the top of the trend channel.
I think a low channel failure is inevitable.
We can get back to the top of the channel again if we turn abysmal wage growth into something worse.
In fact, we can get to infinity if wages equal zero, lol. Sigh.
Gallows humor.
The Arthurian,
Study: Borrowing Among Youngest and Oldest Consumers Shifts in Last Decade
“The proceeds of increasing senior borrowings may be used for their own spending as well as to assist family members in supplementing their incomes and making purchases,” Wise said. “At the same time, rising debt levels by older consumers could lead to increased default rates if they are unable to meet higher loan payments with their often fixed incomes. This development certainly bears watching over the next several years."
Behold the new and improved macroeconomic miracle!
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