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):

• 15 Jan, 2015

  Swiss Cheese

  Back in 2011, as talk of the Eurozone disintegrating was at high pitch, investors fled to the perceived safety of the ...

• 29 Jul, 2019

  More (Not Necessarily) Beach Reading

  For many people, the beach is an escape, and they want their beach books to transport them to worlds of fantasy. Coming ...

• 3 Dec, 2014

  Petropolitics-II (Implications)

  Declining oil prices provide a net benefit to the global economy. A rule of thumb is every $10/barrel transfers around ...