OPINION: Few people are concerned about the economy. That's exactly why we should be.
OK, if not an all-powerful thrust, then enough to keep it humming at a 2% real rate of growth, which is estimated to be the economy’s potential.
Both new home sales and single-family housing starts have picked up in recent months. Residential fixed-investment, as it is known in the gross domestic product accounts, had declined for six consecutive quarters before turning positive in the third quarter of 2019. 2. Stock market reversal Stocks finished their best year since 2013, with the S&P 500 Index SPX, +0.84% up 28.9%. But they aren’t exactly cheap.
Probably the most nerve-wracking aspect of the stock market euphoria is that daily increases have become the norm. With economic prospects good, the Fed on hold and the earnings outlook brighter for 2020, few appear to be concerned. Which is probably the best reason we should be.The Savings & Loan crisis of the late 1980s was centered on commercial real estate.
Some of the most highly leveraged firms are taking on an increasing amount of debt for “financial risk-taking … fueling a further buildup of vulnerabilities in some sectors and countries,” the IMF said. The phase-one U.S.-China trade agreement offers tit-for-tat relief from tit-for-tat tariffs: a halt to new U.S. tariffs and a halving of the rate on some existing ones in exchange for China’s promise to boost agricultural purchases from the U.S. It does little to address major structural issues, such as China’s subsidies to state-owned enterprises and strategic businesses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The predictions for 2020 we got horribly wrongHumans should have landed on Pluto, have ape chauffeurs and be living to the age of 150. Right?
Read more »
Meet 11 Female Athletes Poised to Win Gold and Make It Big in 2020From gymnastics to surfing and track to mountain biking, 2020 looks like another incredible year for female athletes.
Read more »
Retirement saving to be harder in 2020, advice from BlackRock's Rieder - Business InsiderBlackRock's $1.7 trillion bond chief explains why it's about to become much harder to save for retirement — and shares his best advice for doing it successfully
Read more »
Employment Law Changes For 2020: What American Workers Need To KnowWhile American workers ring in the new year by toasting champagne and making resolutions, their employers will be scrambling to ensure that they’re in compliance with the more than two dozen federal and state laws set to go into effect on January 1, 2020. Here are some of the most noteworthy of all.
Read more »
All the New Hair Products and Tools Dropping January 2020Get ready for tons of new drugstore hair-care options.
Read more »