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Coming Shift in Global Economic Power?

The Big Picture

Visualizing the Coming Shift in Global Economic Power (2006-2036p). I never know what to make of these grand extrapolations but submitted for your approval… The post Coming Shift in Global Economic Power? Source: Visual Capitalist. appeared first on The Big Picture.

Economics 278
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10 Monday AM Reads

The Big Picture

Barron’s ) • What China’s economic problems mean for the world : There is a saying that when the United States sneezes, the rest of the world catches a cold. Unemployment remains near historic lows even after the Fed’s aggressive rate hikes. What’s behind the job market’s resilience—and why it could last.

Economics 245
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MiB: Armen Panossian, Oaktree Capital Management

The Big Picture

He serves on the advisory board of the Stanford Institute for Economic Policy Research. Panossian holds an MS degree in health services research from Stanford Medical School; a JD degree from Harvard Law School; and an MBA from Harvard Business School. Currently, he is Vice Chairman of IBM.

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Collapse in Prospective Home Buyer Traffic

The Big Picture

The four largest drops occurred during distinct periods of economic distress: 1990 (recession), 2006-09 (GFC), 2020 (pandemic/recession), and today (FOMC 300 bp rate hike). This brings us to the chart: The one above shows the traffic of prospective buyers looking at a new home (2014- 2022); the one below goes back to the 1980s.

Budgeting 363
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10 Wednesday AM Reads

The Big Picture

But Bloomberg Economics sees risks ahead, from strikes to higher rates and oil prices. The yen then tumbled anew toward a record low of 150 to the dollar. Barron’s ) • Why a US Recession Is Still Likely — and Coming Soon : The government is staying open for now. Bloomberg ) see also A New Interest-Rate Regime Has Begun.

Economics 258
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Question #2 for 2024: How much will job growth slow in 2024? Or will the economy lose jobs?

Calculated Risk

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2024. The second table shows the change in construction and manufacturing payrolls starting in 2006. Here are the Ten Economic Questions for 2024 and a few predictions: • Question #2 for 2024: How much will job growth slow in 2024? million to 1.5

Economy 112
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10 Tuesday AM Reads

The Big Picture

The economic recovery is strong. As the recovery progresses, there’s less and less justification for the drumbeat of negative hot takes and gloomy economic speculation from the media. The economic evidence paints a very different picture. The economic evidence paints a very different picture. In other words, Twitter Inc.