Lost In The Wild Headlines: A U.S. Economic Boom
With the torrent of breaking news being talked about on cable TV, the internet, and in conversations with friends, important economic facts are harder to focus on than ever. For instance, despite the bellicose rhetoric and fears of a trade war, it's wise to remember that China's exports to the U.S. comprise 4.1% of China's GDP, while U.S. exports to China comprise just 1.0% of U.S. GDP. The overall U.S. economy is hardly dependent on trade with China.
Manufacturing purchasing managers reported slightly lower levels of business activity for March, but were off only slightly from February's record high.
- U.S. Leading Indicators, Retail Sales, And Atlanta Fed Forecast Signal Strength
- S&P 500 Closes Near Record High Amid Growing Ebullience
- An Early Indication The Economy Is Stronger Than Expected
- A Spectacular Quarter For U.S. Stocks Just Ended
- Real Economy Strengthens, Yield Curve Inverts And Mueller Report Drops
- Despite Crises, Economic Fundamentals Are Strong
- How Misperceptions Spread And Cause Confusion On Money Matters
- Real Spending Power Grew Twice The Rate Of The Last Expansion
- Global Growth Forecast Slows, But U.S. Outlook Remains Stable
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- Five Observations About The CBO's New Long-Term Debt Forecast
- Fed Apology, Strong Job Growth Bolster Stocks
- Despite Grim Headlines, Economic Growth Is Intact
- Despite December Turbulence, Economy And Business Optimism Were Strong
- Latest Forecasts Show Economy Is Doing Okay
- A Poignant Moment In Financial History Sparks Stocks