It’s been a long time since we had robust economic growth. Most of those alive today cannot really recall a boom time.
Compounded Annual rate of job growth since:
Anyone see a “long term” trend here besides me?
Slowly but surely this economy creates lower and lower job growth. There are those, like me, who have relentlessly stated that taxes, regulations, and other restrictions are having a negative effect on the US economy.
And I have on more than one occasion demonstrated that profit growth in the US has also been on a steady decline.
With less profits and lower job growth, should we really be surprised that the overall health of the US consumer has been on a steady decline?
Were it not for liberal monetary lending, where American consumers are borrowing to sustain their standard of living, the evidence would be quite clear.
So, how long can this last and how much more debt can the American consumer get their hands on before we see some serious repercussions?