Friday, April 12, 2019

The economy in 2019: a look at the “big picture”

 - by New Deal democrat

Although I have a bunch of nerdy forecasting models, I view my primary mission as trying to explain what is going on in the economy for ordinary middle and working class American workers and consumers.

I’ve been meaning to do a “30,000 foot perspective” on the economy for awhile, to draw together all the information into a Big Picture narrative. Well, I finally got around to it, and it is up at Seeking Alpha. This is something that should be of particular interest to those who have followed me all the way back from my Daily Kos days.

The most overlooked feature of the economy in the past five years has been the way low gas prices have allowed room for the economy - and real wages - to grow without being strangled by high interest rates.