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Economic Outlook: Archive

John Blank

Scaling Up: How Increasing Inputs Make A.I. More Capable

"The path to recent advanced AI systems has been more about building larger systems than making scientific breakthroughs."

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John Blank

Final U.S. Q3 Real GDP Growth at +4.3%. GDPNow for Q4? +5.1%

Want another "nothing is really moving off the 2024 real GDP trend" mark? Global GDP is projected by Goldman Sachs Research to increase +2.8% in 2026.

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John Blank

"Real" Consequences from the COVID Money Flood

A unique and massive U.S. coordination of monetary policy and fiscal policy, and a technical regulatory change, led to a huge surge in deposits held by households, banks and businesses.

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John Blank

Trends in U.S. Work-from-Home Data

The stabilized U.S. Work from Home Rate of 24.9% represents a new, permanent structural change in the U.S. economy, rather than a full reversion to pre-COVID norms.

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John Blank

The Worst Parts of U.S. 2025 Joblessness

While the headline U.S. unemployment rate remains low, these underlying trends signal a weakening U.S. economy, and increasing struggles for many U.S. job seekers.

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John Blank

AI's Impact Emerges: A 5.5% California Unemployment Rate

The U.S. household unemployment rate is rising in 2025 due to a combination of factors, including a slowdown in job growth and increased labor force participation, with the August 2025 rate ticking up to 4.3%.

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John Blank

Hyman Minsky's Concept

Many economists and policymakers have found Minsky's framework highly insightful for understanding how the housing and credit bubbles developed and ultimately burst.

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John Blank

Hunting for Excesses (with AI's Help)

Want to endure my stock strategist/economist "wall of worries"? That 23.1 P/E share valuation ratio for the S&P500 is above the 5-year post-COVID average (19.9) and well above a longer current business cycle 10-year average (18.4).

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John Blank

A Fresh Look at Indeed Job Postings

On June 2nd, 2025, the U.S. online job posting level has steadily been falling back to just +2% to +4% above the pre-pandemic Feb. 1st, 2020 level.

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John Blank

Is a U.S. Real Estate Collapse in the Cards?

If a professional economist wants to look deeply for the source of a major U.S. recession, history shows that it can often be found in real estate price collapses.

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