Welcome to SA Multimedia Digest, where we combine videos and podcasts from across Seeking Alpha's contributor base into a single weekly article.
Lots of economic data coming at us these last few days, and our authors are here to help you make sense of it all.
We begin with TD Wealth, who covered Janet Yellen's final policy meeting.
The U.S. Federal Reserve stood pat on rates at the last meeting for Fed Chair Janet Yellen. The economy was seen as having posted "gains" in employment, spending and business investment. Michael Dolega, Senior Economist, TD Bank, talks to Sara D'Elia about how the Fed's view changed since the last meeting and how many rate hikes we could see in 2018.
Tematica Research discussed the recent Q4 GDP miss.
Chris and Lenore break down last week's December quarter GDP that came in below expectations and what it means in the context of earnings estimates for 2018 that have been revised upward over the past few weeks to an unprecedented level. They point out just how much of the GDP growth was dependent on consumer spending and what that means going forward as consumer debt climbs, while the personal savings rate drop to near-record lows.
Felix Salmon, Slate Moneybox columnist Jordan Weissmann, political-risk consultant Anna Szymanski, and Jacob Weisberg, chairman and editor in chief of the Slate Group, talked about Trump's trip to Davos, where he was unquestionably upbeat about the state of the US economy.
Unlike Trump, Peter Schiff wonders why everyone is so optimistic about the US economy.
GDP numbers released on Friday back Peter up. The economy in the fourth quarter grew at 2.6%. Peter said he doesn't necessarily even believe the numbers because he thinks the government is understating inflation. But even taken at face value, 2.6% fell short of the 3.2% growth expected. If you average all four quarters last year, the number comes in at a rather modest 2.3%.
Desmond Lachman, along with a group of experts, met at AEI to discuss European economic challenges in the age of Trump.
We end with Neal Frankle, CFP, who gives a great overview of both the US and global economies.
The global economy is growing faster than the domestic economy, but both are currently very strong.
Production, wages, interest rates, and inflation all point to a strong economy in the US, but there are threats. Continued strength can’t be taken for granted.
China has competing goals: cleaning up its balance sheet and building massive infrastructure projects.
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