Two Speed US Growth
The two-speed economy is likely to remain in effect. High interest rates (even after some cuts), Medicaid cuts, and other things continue to put downward pressure on lower-income and younger consumers on average. Meanwhile, fiscal spending continues to be aimed at older Americans on average, and wealthy Americans and institutions have generally loc
... See moreLyn Alden • August 2025 Newsletter: Tighter Fiscal, Looser Monetary
