tag:blogger.com,1999:blog-2761684730989137546.post5102163979786643699..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: More Bad Newsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-26432643221944757552016-08-24T09:09:09.485-04:002016-08-24T09:09:09.485-04:00But the deficit is too small!!
Is the US approach...<i>But the deficit is too small!!</i><br /><br />Is the US approaching capacity? <br /><br />Are there sign of price level rising continuously. <br /><br />Is there actually full employment, or are they still lots of idle resources? <br /><br />Is wage pressure building or are wage still way below historical trend?Is real investment increasing or financial investment (saving). <br /><br />Has private debt shrunk to normal level after the debt binge? Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-66606198131153865882016-08-24T07:37:03.649-04:002016-08-24T07:37:03.649-04:00But the deficit is too small!!But the deficit is too small!!mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-17182944347116901952016-08-23T12:09:52.354-04:002016-08-23T12:09:52.354-04:00This is a big one if it holds. Housing has been th...This is a big one if it holds. Housing has been the drag. <br /><br />Bill McBride at Calculated Risk is the guy to follow, btw. He has been right about housing over the past several years and now thinks that remnants of the crisis are behind us. <br /><br />We should be in the clear now unless a global crisis were to impact the US, too. But the ROW seems to have realized that austerity is creating too much social and political blowback to continue pushing.<br /><br />There should be a spurt when people really feel that the Fed is about to raise rates, which will increase mortgage rates. Then some people will try to capture the low rate.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.com