Patrick Watson



Oct 4, 2019
Very little can stop this trade war, and it will probably get worse. That means business confidence will keep falling. Recession will follow.


Sep 25, 2019
We pay per capita healthcare spending extra $6,000 or so per person than in the rest of the world. There’s no economic reason. This is politics. The people who get that $6,000 from you and me spend some of it buying influence in Washington.


Sep 6, 2019
Major, epic economic change is happening before our eyes at an unnatural speed.


Aug 12, 2019
The U.S. economy grew at a 2.1% annualized pace in the second quarter, according to data released last week. That was better than economists expected but hardly impressive.


Jul 26, 2019
Last month, world leaders observed the 75th anniversary of D-Day, when Allied troops stormed the beaches of Normandy, France. It was a critical day in world history.


Jul 16, 2019
Specifically, 18% of us think we are “just getting by,” and 7% are “finding it difficult to get by.”


Jul 5, 2019
This used to be pretty simple. When the economy slowed, the Fed would cut rates. This encouraged borrowing and investment. People bought houses. Businesses expanded and hired people. The economy would recover.


Jul 2, 2019
Lower freight volume is a symptom of a disease that’s getting worse.

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