Tag: US Economy
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AI, Immigration, and High-Income Consumers: Key Factors to Save the US Economy from Recession
As concerns about a potential recession loom over the global economy, a notable Wall Street strategist offers a fresh perspective on why the United States might sidestep this economic downturn. According to Michael Arone, Chief Investment Strategist at State Street Global Advisors, the combined forces of artificial intelligence (AI), immigration, and high-income consumers will play…
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The US Economy is Rolling Over
[box type=”alert”]Yet another “unmassaged” data point has shown that the US economy is rolling over.[/box] If you’ve been reading me for a while you know that one of my biggest pet peeves is the fact that headline US economic data (GDP growth, unemployment, inflation, etc.) is massaged to the point of being fiction. For this…