What is the forecast for the economy in the US in the upcoming four years?
This past month I had the pleasure of interviewing Alex Carrick, the chief economist covering North America for ConstructConnect, as well as CanaData. He has been providing the construction industry with economic and forecast data for over 30 years.We had a great time during the interview and covered a lot of ground… including the U.S. economy, the performance of construction by sector and by region, key trends in the market place, and Canada's economy and construction industry.Over the next four weeks, we will be publishing different parts of the interview covering the four mains topics discussed:U.S. EconomyU.S. ConstructionHigh-Tech InfluencesCanadian Economy and ConstructionAging Expansion of the U.S. EconomyDuring the interview, one of my big concerns is trying to figure out when the next recession might hit us, especially since we have experienced 90+ months of expansion (see chart).(Source: 2017 NAHB IBS, Housing and Economic Outlook, Robert Dietz)Alex is very optimistic about the U.S. economy, he believes the jobless claims number, which has been over 300K for almost two years, shows the strength of the economy. Another positive aspect is the growth in the stock market, up 200 to 300% from the trough.But there was one thing that Alex made me realize that I hadn’t noticed. He talked about how everyone, and I include myself in this group, keeps looking backwards at the past recession. We were hit so hard by the last recession that now we are stuck looking back at it and anticipating the next one, rather than living in the present and taking advantage of the positive growth we are experiencing. He put it best when comparing it to the scene in Jurassic Park, where T-rex is chasing the car down the road and they keep looking in the rear-view mirror!
Need help making predictions regarding economics??? (best answer gets 10 points)?
You're asking what happens if consumers leverage themselves based on expectations of future income. Think about it. That's exactly what happened during the housing bubble. They added second mortgages to spend on current consumption. Then when the bubble burst, demand fell dramatically. How will this affect expectations? At least for awhile consumers will not borrow/spend as much (they really couldn't today if they wanted to) Then someday they will forget the lesson and start borrowing and spending again. The generation that lived through the Great Depression was very much influenced by that experience and were very conservative about credit. Their children decided to ignore that lesson and spend away.
When the economy is in a boom, the interest rates ________ and the bond prices ________.?
b.
Why the Canadian dollar is gaining strength against US Dollar?
Because you guys don't bail out banks.
What is it called when the economy is doing well?
When illustrating economic fluctuations, economists use four words to indicate respective stages: peak, contraction, trough, and expansion. Maybe you wanted to say economic expansion or ecnomic growth when you said economic inflation, I think. By the way, in order to understand what point you want to make, I think I need to read the context, which I can hardly see in your question. However, If assuming this paper is for economics and about free trade and globalization, I think you should be more specific rather than saying just economic expansion: for example, lower cost, more efficient allocation of resources, and better products. Actually, the concept of free trade stems from fair competition in free market. So, free trade will contribute to more freedom also. p.s) An economy has to grow(expand) because otherwise we'll have higher unemployment and scarcity. And, most ecnomists believe through fair competition in free market we can achieve that goal.