Here's a quick update of charts I've been posting and writing about for a long time using recently released data for Q1/25. For more commentary, see here. The U.S. economy is an astounding engine of growth and prosperity, no doubt about it.
Chart #1
Chart #2
Chart #3
Chart #4
It'd take a "Black Swan" to stop this economy.
ReplyDelete“The financial condition of individual families is getting worse. This chart shows how much families at various income levels could afford to pay for an unexpected bill like a medical or transportation problem. Even families making $60,000 would struggle to pay a few hundred dollars without going into debt. This is more critical than we realize. The next crisis like Covid, the government won’t be able to step in like it did because of debt.”
ReplyDeletehttps://x.com/JohnFMauldin/status/1934239776959250538
But at least some of us are getting really rich.
John Mauldin is your source for that POV? Oh my.
DeleteThis is the impact of the dysfunction in the "globalist economy" of the past several decades. Macro variables such as averages and totals don't tell the whole story. (Medians and other stats are often more interesting.)
ReplyDeletehttps://pbs.twimg.com/media/GtpzoAPXAAAlo4U?format=png&name=small