As the economy emerges from the pandemic, concerns about a debt hangover like the one that followed the financial crisis are proliferating. But with American household balance sheets the strongest in decades, we see little chance of a consumer debt hangover interrupting the current expansion anytime soon. … READ MORE >
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June retail sales remain robust as economy runs hot
Retail sales increased by 0.6% in June, reflecting the broader narrative that underscores the American economy: Strong fundamentals around increasing employment, rising wages and savings will support a robust rebound as growth posts a cyclical peak in the second quarter. … READ MORE >
Canada’s economic miracle: How Vancouver and Toronto have defied the pandemic and trade wars
Fueled by growing industries like technology, media and entertainment, Vancouver and Toronto are showing how a reimagined economy based on information and digital technologies can bring more resilience and prosperity even amid the economic shock of a pandemic. … READ MORE >
5 things to know in life sciences: Week of July 12
From new technologies contributing to the medical devices boom to the hot biotech IPO market, we highlight five things to know in the life sciences industry this week. … READ MORE >
Why the housing market is not in a bubble
Not only are inventories below their historical averages, but buyers are also more credit-worthy – two significant differences from the housing bubble of the years before the Great Recession. … READ MORE >
Drug pricing and health care innovation could benefit from Biden’s latest executive order
A recent executive order promoting competition in the American economy could have significant ramifications for health care systems. … READ MORE >
Consumer Price Index surges 5.4% in June as the economy reopens
The recent surge in domestic prices continued as consumer prices increased by 0.9% on a monthly basis and by 5.4% on a year-ago basis, according to Labor Department data released on Tuesday. … READ MORE >
Coronavirus update: Vaccines and the pandemic in 6 charts
The emergence of the Delta variant presents another round of economic risks that are part of the reason why we recently lowered our growth forecast for the year from 7.5% to 7% in the United States. … READ MORE >
CHART OF THE DAY: Inflation expectations remain rational and muted
A look at one of our preferred measurements of inflation expectations implies that the risk of a sustained outbreak of inflation is receding just as another set of inflation data—the Consumer Price Index for June—is about to be published on Tuesday. … READ MORE >
3 things to know in energy: OPEC+ stalemate, carbon capture, labor shortages
Biweekly, we highlight three things going on in the energy industry that we think you should know about. Here’s the latest. … READ MORE >