Warren Mosler — Credit check

Bottom in?

The Center of the Universe
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Warren Mosler

Warren Mosler — Credit check

"From bad to worse."

The Center of the Universe
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Warren Mosler

Warren Mosler — Credit check update

Still not looking good. 

The US is 96 months into this recovery, which is the longest and flattest on record, and it is looking long in the tooth.

And now the US is headed into what looks like a another battle over the debt ceiling, unless Gary Cohn gets his way and the Trump administration accepts some of the terms of the fiscal hawks, which would reduce the government contribution to "save money."

That leaves exports to make up the difference. The global economic outlook is pretty iffy, too, and so reliance on net exports is not likely to pan out.

The Center of the Universe
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Warren Mosler