Category Archives: Economy & Markets

Consumer Spending Hits 9-Year High, But All’s Not Well

There are lots of surveys and data on consumer spending – retail sales, personal consumption expenditures, same-store sales, etc., etc. – but Gallup has a monthly survey which asks a different question. Each night, Gallup asks 15,000 American households to report how much they spent the previous day, excluding spending on normal household bills and…

Millionaires Own Record 45% of World’s Wealth

According to a study released earlier this month from the Boston Consulting Group (BCG), the world’s millionaires and billionaires now own a record 45% of all global wealth – and their share is growing. Yet they make up only about 1% of the world’s population. The report from the global consulting firm found that the…

Why 85% of Workers Worldwide Despise/Hate Their Bosses

The most interesting thing I read in the last week is a new Gallup World Poll which found that only 15% of the world’s one billion full-time workers are “engaged” at work – meaning they are enthusiastic about their jobs. The poll found that the main reason workers are not engaged is because they dislike…

Why Consumer Spending Remains Below Normal

  We are now into the eighth year of this economic expansion. The unemployment rate is at a 16-year low (4.3%), stocks are at all-time record highs, home prices have fully recovered in most areas and wages are finally starting to rise. The question is, why aren’t consumers spending more? Consumer spending accounts for apprx….

Record Household Debt: The Counter-Argument

The lead topic in Tuesday’s Forecasts & Trends E-Letter was the fact that US household debt hit a record $12.73 trillion in the first three months of 2017. That figure was $149 billion higher than at the end of the 4Q of last year, and $50 billion above the previous peak in 2008 according to…