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Plow Horse Economy

Wesbury’s Monday Morning Outlook: This Recovery Isn’t Boom or Bust
Date: April 10, 2017
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Last Friday, payroll employment data, from a survey of businesses, showed the US created just 98,000 jobs in March. The consensus of forecasters had expected job growth of 175,000. The other jobs number, which comes from a survey of households, showed 472,000 new jobs in March. Private jobs have now grown for 85 consecutive months, […]

Velocity May Be Picking Up
Date: February 22, 2016
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Brian Wesbury’s Monday Morning Outlook article: One of the reasons the current economic expansion has been a Plow Horse rather than a Race Horse is the lack of monetary velocity, which is how fast money circulates through the economy. Velocity has been slow for a lot of reasons, including banks rebuilding capital after 2008-09, Dodd-Frank, […]