Over the long term, real GDP growth has been highly regular, averaging roughly 3% a year for more than a century in the United States. Inflation, however, has been quite variable: Between 1972 and 1981, for instance, nominal GDP growth averaged about 11% due to roughly 8% inflation. That...
averaging just 279,500 over the past four weeks. On Friday, following the release of April’s “Goldilocks” employment report, the S&P 500 soared 1.3% to close at 2116, only 0.1% below the record high on April 24. Investors seem to have concluded that...
"The Fed is raising interest rates AGAIN, and with inflation up 7.1%, families are still paying record-high prices for groceries a week before Christmas. Oklahomans need relief from Biden's inflation and that starts with eliminating the grocery tax," he tweeted. ...