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):

• 2 Jun, 2017

  Job Growth is Falling. The Sky is Not.

  Today's jobs report was disappointing: only 138,000 net new jobs created in May (the consensus had it pegged at ...

• 31 Dec, 2015

  A Year-End Thought

  This week, my college basketball team visited southern California, and I was lucky enough to spend some time with them ...

• 11 Sep, 2015

  Mauled

  Investors in Emerging Markets could be forgiven for feeling as if they've gone 15 rounds with Ronda Rousey (see below). ...