Joel Naroff

Jan 27, 2020
The monthly data should take on added importance, as it would be nice to know we have a buffer just in case the health issues do have a negative impact on the economy.

Jan 22, 2020
If we were really going to expand by a robust 3% or more pace, why is the administration talking about a middle-class tax cut? Didn’t we already have a massive one?

Jan 17, 2020
When you see this type of outsized rise, the initial reaction is to think that conditions may be changing. But the reality is that huge, unexpected increases are typically created by temporary factors.

Jan 14, 2020
My concern has been and will likely continue to be the diminishing gains in consumer purchasing power.

Jan 10, 2020
Wage gains continue to decelerate and that is not good news for workers. Over the year, the average hourly wage was up only 2.9%, the lowest increase since July 2018.

Jan 7, 2020
Growth might have been modestly better than expected at the end of last year, but only because the tariffs created dislocations in trade flows.

Jan 3, 2020
Keep in mind, the economy grew at a roughly 2.25% pace last year while the major equity indices soared by well over 20% and even over 30%. That seems to imply that the economy and the markets are not closely linked.

Dec 17, 2019
The economy is in decent shape, but it is hardly booming along.

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