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):

• 30 Apr, 2015

  Seven Lean Years? Done in Seven Minutes

  In Genesis (41:27), Joseph interprets Pharaoh's dream of 7 fat cows followed by 7 lean (and apparently, ugly) cows, as ...

• 15 Oct, 2014

  Panic!

  Like Scary Nights at Universal Studios (where my daughter went this weekend), it really is scary out there. I Walked ...

• 20 Nov, 2014

  Pressure Building

  ÂYes, we all know the European economy is not growing: stagnant, sclerotic, etc. But this fact is not a crisis. Its ...