Page 8 - Growth Path News Today

Doing better than the american stock market. >> and they dont have a president trump. >> exactly. and there are certain factors that can strain the ability of the economy to grow. were approaching full employment. were starting to see upward wage pressures which goes into some of that -- those minimum wage announcements that you read. is this tax bill something that is going to generate such a surge of productivity that it will put us on a higher growth path? most economists are skeptical of tha...

So if it doesnt, it if tax the doesnt happen you could see progress in those areas? >> youre going to get an increase, and the fight starts in september because you have to do it before the middle of october for sure. and youre going to do something with all of these appropriation bills and what we call continuing resolution, in other words, just spend at last years level and well see what happens. but tax reform is important because there isnt really any other way to get the economy off of this...

Its also chaos on capitol hill. if they are really interested in serving the american people, they will make sure that the agenda goes forward and that the economy is one set on a growth path. >> sean: i agree with you, but do you believe that based on the information that you havent shared with us yet. i know you are investigating every day, sarah carter is as well, that this whole narrative flips? because i believe it will boomerang. >> i do think there is a growing number of lawmakers beginni...

That would be great. but underlying this growth pattern is slow growth in the labor force, population changes, and pretty slow productivity gains. but we are seeing improvements in wages. the latest employment cost index showed a stronger number. so, in terms of the recovery, from the crisis, things look pretty good, generally speaking. and id have to say, if you told me three, four years ago that wed be where we are today, i would have been pretty happy to hear it. >> so what do you make of, th...

That would be great. but underlying this growth pattern is slow growth in the labor force, population changes, and pretty slow productivity gains. but we are seeing improvements in wages. the latest employment cost index showed a stronger number. so, in terms of the recovery, from the crisis, things look pretty good, generally speaking. and id have to say, if you told me three, four years ago that wed be where we are today, i would have been pretty happy to hear it. >> so what do you make of, th...

Interest rate policy from the fed so far. what has it got us? i think its time for the fed to raise rates. the big issue, where are we going to get the growth? why are we stuck in the 2% growth path? its the weakest recovery from the great depression and one of the reasons that the americans are economically anxious. the other thing theyre worried about wheres the pay raises? we got a tick up in wages in the last report, but you know its been ten years. ten years since the average american worke...

Decided, one can start working on the esm program for the finance ministers will deal with the issue of how one can bridge the financing until the program kicks into place, you know that the ecb is expecting repayment of 3 billion. so the euro group has to deal with this. all in all the advantages outweigh the disadvantages. the agreements will then hopefully be met. so there is a broad away of supports which if they are implemented, i think offer up a possibility for greece to return to the gro...

And that growth path is matched by increase in the job market -- >> thats where the rubber begins to meet the road. >> so a stronger growth leads to more employment. the unemployment rate is beginning to come down. the job market rate is going to have to get even tighter if we want the benefits of this growth to be more broadly distributed. >> and we got to deal with wages. >> exactly. its showing up in gdp, showing up in the stock market, still not quite there in the paychecks. >> not there in ...

Collaborative platform for early stage equity investing and he is a founder of new york angels, hes also the author of the new book "angel investing: the gust guide to making money and having fun investing in start-ups." what more could you want, making money and having fun at the same time. >> thats the goal. >> youve been doing this for a long thyme. youve seen so many pitches and theres something about the successful ones that pique your interest that a lot of other ones dont have. so lets ge...

Mind is that when the economy goes down, as far as it went down in the great recession, you expect and want much more economic growth to get back on the growth path where you were before the economy went down. and so, we have a very long way to go to get back on that growth path. so, you know, the bottom line, fredricka, is the news is very good, but we need much, much, much more good news to feel that were -- that were back on the right track. >> all right, mr. secretary, and professor robert r...