Gary Becker has recently written an interesting article on the Becker-Posner blog about polls suggesting that the majority of parents in the United States are not confident that their children will be better off economically than they are. He suggests that the best way to counter such pessimism is to promote faster economic growth.
. . . → Read More: Are Americans Pessimistic About the Prospects for the Next Generation?
On Friday, the Commerce Department confirmed that Q2 GDP growth was 1.6%. Many of the details pointed to good news for the U.S. Economy. With inflation almost non-existent the report also shows that year over year the economy is up 3.0% Reading surprised almost all analysts to on the upside.
Many stock traders focused . . . → Read More: Q2 GDP Reading Surprises Most
At 8:30 AM EDT, the monthly Personal Income and Outlays report for July will be released. The consensus for Personal Income is an increase of 0.3% over the previous month and the consensus Core PCE price index change is an increase of 0.1%.