Joel Naroff



Oct 15, 2018
What is needed, I argued, is stronger future capital spending. I keep looking for signs of that happening, but they just don’t seem to be there. The surveys are not that optimistic.


Oct 11, 2018
If the tax cuts don’t create an extended stimulus and trade issues keep pressuring the world economy, all bets on continued economic growth after next year are off.


Oct 10, 2018
Wholesale cost pressures are no longer accelerating sharply, but that should do little to change the direction of interest rates.


Oct 5, 2018
The labor market remains strong despite the weak payroll increase, as witnessed by the lowest unemployment rate December 1969.


Oct 3, 2018
Whatever soft-spot the economy may have hit in August was wiped out in September.


Oct 1, 2018
While manufacturing keeps humming along, the construction sector is being kept afloat by government spending.


Sep 28, 2018
We still need to see faster income growth to support the very solid spending we saw in the spring and likely during the summer. I am not sure if that will emerge and if not, we could be looking at a softer fourth quarter number.


Sep 27, 2018
While the third quarter expansion looks to be very solid, it is not likely to come up to the standard set in the second quarter. Worse, momentum seems to be fading.

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