Gradually, then suddenly: That is how Mike Campbell, a character in Ernest Hemingway’s “The Sun Also Rises,” answered the question on how he went bankrupt. It’s also an apt way to think about how the United States goes into a recession. While there are always signs of financial stress and ... READ MORE >
RSM economic forecast
Economic update: GDP to grow above 7% this year as expansion takes hold
The American economy will continue to boom in the second half of the year following what we expect will be 7.8% growth through the first six months. While growth will almost certainly peak in the second quarter at our revised 9.2% forecast, rising wages among workers down the income ladder will ... READ MORE >