![]() ![]() We have been in such an environment as it relates to economic growth and wages/inflation for much of the current economic expansion. Actually, his claims of 3 percent-plus growth would have just returned America to normal: Post-WWII real. For those not familiar with the analogy, an economy that’s operating “not too hot, but not too cold” is often referred to as a Goldilocks environment. Trump’s critics will claim he promised America the moon regarding economic growth. In the wake of the release of January’s jobs report-which saw a jump in average hourly earnings-I had our fearless cartoonist Charlos Gary create the visual below, with the headline “Goldilocks may be leaving the building.” Notice that the little bond bear has been awakened (as Schwab’s Kathy Jones has been detailing) but the equity bears are still tucked in their beds-albeit with the non-recession bear keeping a cautious eye on the situation.Ĭourtesy of last week’s February jobs report though, it looks like Goldilocks may have taken a step back into the building. Tax reform can take some of the credit for stronger goods employment relative to services employment.While the headlines push us into despair, the emotion-free numbers on the economic dashboard. Other than wage growth deceleration, the details of the report were quite healthy. The well-presented economic dashboard allows the user to make comparisons going back 10 years or more. ![]() A very strong jobs growth with benign wage pressures unleashed a strong day for the stock market.He wants to go big with a 1.9 trillion spending plan. A Goldilocks economy refers to a period of time when all economic conditions are 'just right.' A Goldilocks economy is generally characterized by economic growth, low inflation, and low. Liz Ann Sonders says All Right Now: Goldilocks Jobs Report Eases Inflation Fears. US President Joe Biden, facing the great challenge of stimulating his country’s economy for the post-pandemic era, and haunted by then-President Barack Obama’s tepid stimulus in the face of the Great Recession a decade ago, has decided to err on the side of overshooting. ![]()
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