Past, Present and Future Distinctions

Posted by: Tom Keene on June 8, 2011

Can Consumption Sustain?

Past
The look-back distinction is Japan and U.S. weather. Did the real production slowdown from these events affect U.S. GDP over quarters. There is real debate on this. I am decidedly in the wait-for-the-data camp.

Present
Jobs. The key talking point is can jobs jumpstart without a construction jobs surge. Okay…less a surge. How about a lift. There are many present distinctions but this one hits home after May’s grim report.

Future
Fiscal drag. I’ve heard this modeled at 1 to 2 percent but haven’t seen a killer study yet. That might be because no one has a clue what the fiscal dynamics will be. I’m watching overall investment. Others are focusing on a wide set of issues. Obviously government jobs, but many more issues as well. Can consumption sustain?

Reader Comments

JohnsKimberly33

July 2, 2011 9:16 PM

It's well known that cash can make people free. But what to do if one doesn't have cash? The only one way is to get the credit loans and just car loan.

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EconoChat captures Tom Keene's thoughts on economics, finance and investment. He is editor-at-large for Bloomberg News and hosts Bloomberg Surveillance and Bloomberg on the Economy on NYC1130, Sirius 129 and XM 130 and Surveillance Midday on Bloomberg Television. His complete interviews are at Tom Keene on Demand. Look for Tom on twitter @tomkeene

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