US economic growth

So, US economic growth is outpacing the rest of the developed world (and much of the non-developed, um, emerging, world), as seen in these charts (thanks to Goldman Sachs).

But will we converge, and if so, will it be a positive (the world rises to the US) or negative (US drops) convergence? I don’t really know (who really does?). But the US is the most self-contained economy in the world (outside of sub-Saharan Africa), thus the woes of the world impact the US much less than any other country.

Rather than worry about the US economy, it’s the EM markets that are signaling distress (in their equities and currency markets…again, next chart courtesy Goldman Sachs):

• 15 Apr, 2020

  Whats Down With Oil?

  I have always found that most things in life can be explained by basic economics. Well, some things, for sure. The most ...

• 29 Jul, 2015

  Dry Hole

  Southern California just had the wettest July on record, the Angels were rained out of a home game for the first time in ...

• 7 Apr, 2016

  Still in Neutral

  The first quarter began with a bang and ended with a whimper. At least, that's the message from the VIX (volatility ...