Bloomberg (October 7)
“The ‘no landing’ scenario–a situation where the US economy keeps growing, inflation reignites and the Federal Reserve has little room to cut interest rates–had largely disappeared as a bond-market talking point in recent months.” After “setting up for slowing growth,” traders are undergoing another “wrenching recalibration” on the heels of a “blowout” jobs report “showing the fastest job growth in six months, a surprising drop in US unemployment and higher wages.” Treasury yields surged and investors are “furiously reversing course on bets for a larger-than-normal half-point interest-rate reduction.”
Tags: Blowout, Bond market, Economy, Fed, Growing, Inflation, Interest rates, Jobs, No landing, Recalibration, Scenario, Traders, Treasury yields, U.S., Unemployment, Wages
Washington Post (May 28)
“Nearly everything Americans believe about the economy is wrong.” A recent poll revealed that dire “perceptions of the U.S. economy are often at odds with reality.” In fact, “the U.S. economy has been growing consistently for nearly two years, even after accounting for inflation” and is “exceeding growth expectations” across most benchmarks. “The U.S. economy has been outperforming other advanced economies. We’re also doing better than pre-pandemic forecasts had situated us by now, both in terms of gross domestic product and the number of jobs out there. This generally isn’t true elsewhere in the world.”
Tags: Benchmarks, Economy, Expectations, GDP, Growing, Inflation, Outperforming, Perceptions, Poll, Pre-pandemic, Reality, U.S., Wrong
The Atlantic (January 4)
“The illusion persists, despite all evidence…. Poll after poll shows that at best, only 20 percent of Americans say the economy is doing better than it was a year ago.” But by very valid measures, many more are doing better: “Unemployment is lower. Wages are growing. Inflation is declining…. These are tangible improvements in household income that should be cheering people up. And still, they are not.”
Tags: Better, Economy, Evidence, Growing, Household income, Illusion, Improvements, Inflation, Measures, Poll, Tangible, Unemployment, Wages
Wall Street Journal (October 26)
“The U.S. economy keeps on growing, and in the third quarter it positively boomed. This is good news by any measure, though it’s striking how few economists think it can keep going. Let’s hope they keep being wrong.”
Reuters (August 10)
“The United States may be over the hump on inflation, but consumers aren’t acting like it. Spending is growing at the same pace as last year, and most Americans expect their finances to either stay the same or get worse…. Lingering restraint will stretch the power of price elasticity to its limits.”
Tags: Consumers, Finances, Growing, Hump, Inflation, Limits, Lingering, Pace, Price elasticity, Restraint, Spending, Stretch, U.S., Worse
Gizmodo (March 23)
The Great Pacific Garbage Patch “has more lost and discarded plastic inside it than previous surveys suggested—like, a lot more. And it’s still growing.” A recent study published in Scientific Reports suggest it “is filled with 79,000 metric tonnes (87,000 tons) of plastic, which is between 10 to 16 times higher than previous estimates…. Disturbingly, plastic pollution inside the GPGP ‘is increasing exponentially and at a faster rate than in surrounding waters.’”
Tags: Disturbing, Estimates, Exponentially, Great Pacific Garbage Patch, Growing, Plastic, Pollution
