US economic growth

So, US economic growth is outpacing the rest of the developed world (and much of the non-developed, um, emerging, world), as seen in these charts (thanks to Goldman Sachs).

But will we converge, and if so, will it be a positive (the world rises to the US) or negative (US drops) convergence? I don’t really know (who really does?). But the US is the most self-contained economy in the world (outside of sub-Saharan Africa), thus the woes of the world impact the US much less than any other country.

Rather than worry about the US economy, it’s the EM markets that are signaling distress (in their equities and currency markets…again, next chart courtesy Goldman Sachs):

• 21 Aug, 2017

  For What It's Worth

  In the summer of 1966, throngs of young people crowded the Sunset Strip in Los Angeles to hear their favorite bands. ...

• 18 Nov, 2022

  Everything Human is Pathetic

  This is what comes to my mind as I watch the debacle that is FTX imploding.Most legal documents and court filings are ...

• 25 Jan, 2016

  Digging Out

  The eastern United States was buried in snowstorm Jonas this weekend, from 42 inches (more than a meter for our non-US ...