• Consumption-Based Economy

    Download PDF Version: Consumption-Based Economy 2 Sep 2013 2 September 2013 The USA is a consumption-based economy and America is a consumption-driven society.  Neither fact is necessarily good or bad.  It is the way America has operated for a century.  The issues at hand are (1) whether America can sustain high rates of consumption in an ever changing geo-political/economic environment, and (2) what are the consequences of a reduced consumption-based economy? Consumption is an economic function that is defined as ...
  • Stock Markets and The Fed

    Download PDF Version: Stock Market and The Fed 1 July 2013 1 July 2013 US stock market performance has been phenomenal since the depths of the Great Recession.  Since March 2009, all three major US indices (Dow Jones, S&P 500 and NASDAQ) have experienced a 4 ½ year bull market as shown below—up as high as 163%. The big questions facing economists, policy-makers, opinion-leaders and investors are whether (1) this bull market will continue, (2) can the stock markets operate ...