Economic Commentary

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Bob Schwartz, Senior Economist and Director of Consulting Services at Stone & McCarthy Research Associates, provides insight into today's economic environment.

                                                              Weekly Economic Commentary

• June 17, 2013
• June 10, 2013
• June 3, 2013
• May 28, 2013
• May 20, 2013
• May 13, 2013
• May 6, 2013
• April 29, 2013
• April 22, 2013
• April 15, 2013
• April 8, 2013
• April 1, 2013

 

 Monthly Economic Commentary

• June 2013 - "The Fiscal/Monetary Policy Tug-Of-War"
• May 2013 - "Spring Swoon"
• April 2013 - "Is This Time Different?"
• March 2013 - "The Federal Reserve's "Risky" Policy "
• February 2013 - "Aging Boomers Put A Crimp In Labor Force"
• January 2013 - "Halting Start To 2013"
• December 2012 - "How Will The Recovery Age?"
• November 2012 - "Lowered Expectations"
• October 2012 - "White Knight"
• September 2012 - "Hopeful Signs"
• August 2012 - "Cliff Hanger"
• July 2012 - "Debt Relief"
• June 2012 - "Europe's Long Shadow"

Just as the job market is holding its own – as demonstrated by last week’s relatively upbeat employment report for May – so too are consumers showing more resilience than expected. Indeed, reports that higher payroll taxes this year would spell the demise of household spending are proving to be premature, to say the least. True, there is a tight link between these two key drivers of economic growth, since the more jobs that are created the more income there is to spend.