No matter how strong the economy and the resulting revenues to the federal government, government spending will continue to outpace them, likely leading to government default by inflation.
The International Monetary Fund fell into the same trap as so many other forecasters have: ignoring both the temporary nature of Trump’s tariff strategy and the incoming wave of repatriated funds that have been languishing overseas for years.
Market watchers will have to wait until Tuesday to see if the mini-panic selloff last week picks up steam.
Amazon’s announcement that it will raise its minimum wage to $15 an hour is a smart political move for its owner, and it will cost the company almost nothing.
The Conference Board's report on consumer confidence in September, released earlier this week, caught forecasters by surprise once again.
In the first six months of 2018 alone, American companies have called back $465 billion of untaxed corporate earnings from abroad.