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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 284
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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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Market Drama

Zoe Financial

Economic Updates: October Consumer Price Index (CPI) came in at 2.6%. Overall, consumer balance sheets are in strong shape , especially when compared to the Great Recession (2006-2007). Discretionary income is currently around 11% , lower than the 13% seen in 2006-2007. minutes Welcome to this week’s Market Drama!

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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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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 117
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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.