where the promised hitch in the economy's getalong is supposed to occur this year?
The market hit another high today. Oil prices look like they could crack down through $50 at any time (the OPEC liars club doesn't want to talk about further production cuts). According to the BLS, employment is up, unemployment is steady (or down), real wages are up, inflation is within the target range. Tax receipts continue to surpass projections (cutting the deficit). The only negative to flat spot in the economy is permit applications for new homes and that's been "priced in" for eighteen months now.
I'm betting that the Democrat press organs are going to start printing very positive stories beginning about April 1 - attributing all the "good news" to the "changes in Congressional leadership", of course. The slow fade in "bad news" stories began the week after the election and reporting has been relatively neutral since mid-December. So very predictable.
Two Business Realities I Underestimate in My Youth
9 minutes ago