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America's Twisted Pretzel Economy

America's Twisted Pretzel Economy
lewrockwell.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lewrockwell.com Daily Mail and Mail on Sunday newspapers.

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May 2021 Real Income And Expenditures - Inflation Continues To Impact

May 2021 Real Income And Expenditures - Inflation Continues To Impact
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

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June 2021 Economic Forecast - Significant Improvement Continues

Written by Steven HansenEconintersect s Economic Index forecast sees a bump in the economic rate of growth at the Main Street level partially driven by comparisons to the recession one year ago. However, economic potential is better than the pre-COVID conditions as the economy was weakening well before the pandemic hit. ....

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April 2021 Real Income And Expenditures - Inflation Now Impacting

The data continues to be affected by the pandemic, comparisons to the recession one year ago, and now inflation. Inflation is now seriously impacting growth,
Analyst Opinion of Personal Income and Expenditures
The note from the BEA says it all:
The estimate for April personal income and outlays was impacted by the continued government response to COVID-19. Economic impact payments associated with the American Rescue Plan Act of 2021 (which was enacted on March 11, 2021) continued but were at a lower level than in March. The full economic effects of the COVID-19 pandemic cannot be quantified in the personal income and outlays estimate because the impacts are generally embedded in source data and cannot be separately identified. ....

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May 2021 Economic Forecast - Significant Bump

Econintersect s Economic Index forecast sees a bump in the economic rate of growth at the Main Street level driven by government spending - and employment continues to accelerate.
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Analyst Summary of this Economic Forecast
Economic year-over-year growth is about to skyrocket as the data is being compared to the country s lockdown and recession last year - but do not confuse yourself as the underlying rate of growth is not exceeding pre-pandemic levels in most areas.
A recession ends when the economy begins to recover - and the economy is definitely recovering. This may be the shortest recession ever at 2 to 3 months. HOWEVER, the pandemic is not over and the coronavirus will decide when it wants to release the economy from its grip. At this point, the coronavirus is in control of the economy and all forecasts are simple guesses. ....

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