I’ve hesitated to say this at the risk of sounding hyperbolic, but with last week’s big GDP revisions, there is no denying it: This is among the best performing economies in my 35+ years as an economist. Economic growth is rip-roaring, with real GDP up 3% over the past year. Unemployment is low at near 4%, consistent with full employment. Inflation is fast closing in on Fed’s 2% target - grocery prices, rents and gas prices are flat to down over the past more than a year. Households’ financial obligations are light, and set to get lighter with the Fed cutting rates. House prices have never been higher, and most homeowners have more equity in their homes than ever. Corporate profits are robust, and the stock market is hitting a record high on a seemingly daily basis. Of course there are blemishes, as lower-income households are struggling financially, there is a severe shortage of affordable homes, and the government is running large budget deficits. And things could change quickly. There are plenty of threats. But in my time as an economist, the economy has rarely looked better.
A Statement from the Dayton Police:
"The Dayton Police Department strongly refutes the irresponsible information being put out on social media or other avenues about our immigrant community.
"We stand by our immigrant community and there is no evidence to even remotely suggest that any group, including our immigrant community, is engaged in eating pets. Seeing politicians or other individuals use outlandish information to appeal to their constituents is disheartening."
— Dayton Police Chief, Kamran Afzal
Quick trip with Adam back to Southwest Mo, to see my Dad. Getting in a Springfield Cardinals game and love the fact that on Cashew Chicken night they play the game as the Springfield Cashew Chickens. IFYKYK @SpfdCardinals
At the Centerville City School board meeting. This chart says it all, the Board runs the reserve at a lower rate relative to budget as compared to other districts. This shows responsible management of tax payer dollars, not run away spending like some want you to believe.
Despite all the planning in the world, sometimes you just get lucky. Our @pinkjeeptours trip yesterday was one of those days. The trails weren’t too crowded, our tour guide Rick was amazing, the weather was ideal and the cloud cover produced perfect photographs.
As I reflect on another trip around the sun, I’m reminded of an old saying: ‘Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.’ I’m happy to report that my inner child and maturity remain locked into the spirit of my 12-year-old self.
📷 Aug ‘23 Munich
2/2: Every season has been a wild ride with this team and no matter what happens tonight, this is another great season for a team that has always tried to win “some more games”. Go Chiefs!!! #Chiefs#RunItBack#WinSomeMore
1/2: I wrote a letter to the @Chiefs All-Pro center Jack Rudnay (#58) in 1981 which he responded to. I’ve held onto this letter for the last 40 years and have always remembered his statement “I’m sorry your friends have been tough on you, will just have to win some more games”.
@kristin44850684 @Flat3dSteven @realDonaldTrump I think you misspelled “course” as “courts” and “golfing” as “going to court”. Let me fix it...He is bringing it to the course. There’s a lot of stuff he can’t talk about while golfing. Much better.