US Economy: Unfilled jobs, unemployment and price rises show Biden's spending plans carry major risks - by W. James Antle III

We're a long way from the stagflation of those bad old days under President Jimmy Carter, with the economy growing at a brisk 6.4 percent annual rate as the world reopens and the pandemic recedes. Still, a recent spate of bad economic news in what should be a fairly robust recovery is a warning that President Joe Biden and congressional Democrats' approach to fiscal policy could reap negative unintended consequences.

Read more at: W. James Antle III: Unfilled jobs, unemployment and price rises show Biden's spending plans carry major risks

US economy: U.S. closes in on something it hasn't done since WWII — borrow more money than it raises

Amid the economic devastation caused by the coronavirus pandemic, the U.S. government is nearing a new — and potentially ominous — fiscal milestone: it will borrow as much or more this year than it raises through taxes and other means.

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U.S. closes in on something it hasn't done since WWII — borrow more money than it raises - MarketWatch

Global Economy:The Calm Before the Economic Storm - by John Mauldin

The Friday after Thanksgiving is known for heavy spending in retail stores, but it’s clear that consumers are increasingly turning to the Internet to make their holiday purchases,” said Comscore Chairman Gian Fulgoni at the time. “Online spending on Black Friday has historically represented an early indicator of how the rest of the season will shake out. That the 22-percent growth rate versus last year is outpacing the overall growth rate for the first three weeks of the season should be seen as a sign of positive momentum.

The Great Recession began one month after this “sign of positive momentum.” A strong holiday shopping season won’t mean we are out of the woods and could mean we are just entering them.

Read more at:The Calm Before the Economic Storm | Equities.com