“Solid and Persistent”: These two words sum up the economy according to economist Brian Wesbury. In a recent blog post he summarizes the data that indicate an economy that is still strong and not regressing…and the enemy of a solid economy, inflation that he describes as not going away anytime soon. His one page article “Solid Growth, Persistent Inflation” provides a good executive summary.
As always, check out Dr. Wesbury’s “High Frequency Data Tracker” for year over year economic comparatives.
“Positive Problems”: The rapid rise of the economy in 2020 and 2021 created what ITR Economics calls “positive problems.” These same factors, according to ITR, “may be helping position us not for the doomsday scenario painted by headlines but for a soft landing ahead.” Check out “A new Turn for the Post-Covid “Positive Problems.”
A Local Problem: It’s said that all politics are local. The same may be true for economics when it comes to the impact of natural disasters; most recently Hurricane Ian that tore about the Lee County/ Fort Myers area. ITR’s Brian Beaulieu has a few thoughts about the impact of natural disasters that may help put their economic meaning in perspective: Hurricane Ian and What It Means for the Future.
