The Economy Is At An Odd Place Right Now

The economy in the USA is in a very odd place. Since the 2016 elections, the stock market has gone straight up, with no market correction. The Federal Reserve is determined to raise interest rates and to be honest, it is hard to argue against it.

I do not believe that we have hit the new golden era. I also do not believe that the US Economy is going to crash either. 2017 is going to be a transition year, it could go bad or good. Much of this will depend on exactly what the US Government / US Congress does. Depending on those actions, will be the determination of exactly what is going to be the future of the American Economy.

What I will tell you, I see both good and bad indicators.

On the bad side:

You have had 8 failed banks since 2016 and 3 bank failures in 2017
PBGC has been involved in more insolvent pension funds
The dying Mall retail sector
The lack of a correction from the current Trump Bull Market
Pending Greek Financial Collapse Summer 2017

On the good side:

Do you have a valid argument for a reason not to make a interest rate hike by Federal Reserve
FDIC announces 2016 4th Quarter positive earnings for commercial and community banks
The Trump Bull Market continues to plod forward
Jobs Growth of 227,000 in January 2017

All you can do now is hope that the US Government and US Congress goes forward with a job creation / infrastructure deal to boost the US Economy, which should continue the Trump Bull Market into 2018.

You will also have to hope that the negative items that I see do not have an impact on the US Economy, especially the coming issue with the Greek EU debt.

As always, I will keep an eye on it and will issue further announcements as needed.

Sources Cited:

FDIC Failed Bank List

FDIC Monthly List Of Banks Examined For CRA Compliance

PBGC Pension Fund Help

4 Mall Staples That Could Fail

List of Dead Malls

FDIC Press Release 2016 4th Quarter Results Banking

FDIC Press Release Proficio Bank Seized

Job Growth January 2017

Keiser Report: Greek Final Reckoning / DPRK Discussion

Mike Dodd

I have a wide range of views and opinions. I have worked in a number of industries some of them are: Banking, Dairy, Health Insurance, Education and Government. I am the owner and editor in charge of a number of websites and message boards. The crown jewel of the websites is WaveChronicle.com which covers a wide variety of content. The Wave Chronicle is a site built to put forth thought provoking information, which can range from activism, politics, technology, philosophy, climate change, education, futurist / transhumanist theory and some fun articles that tend to be on the conspiracy theory side. Finally, I am also an accomplished no limit holdem poker player who sadly does not see enough time at a poker table.