{"id":171178,"date":"2025-09-26T18:31:11","date_gmt":"2025-09-26T18:31:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/171178\/"},"modified":"2025-09-26T18:31:11","modified_gmt":"2025-09-26T18:31:11","slug":"there-isnt-just-one-economy-the-us-is-on-two-very-different-paths","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/171178\/","title":{"rendered":"There isn&#8217;t just one economy. The US is on two very different paths"},"content":{"rendered":"<p data-v-4026719d=\"\">The US economy has never been harder to track. There are parts of the economy in real trouble but others like AI that are booming. Conor Sen <a href=\"https:\/\/pro.x.com\/conorsen\/status\/1971555457975328785\/photo\/1\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" class=\"article-link\" data-v-4026719d=\"\">captures <\/a>that today with a chart of spending on structures and residential investment contrasting with spending on tech equipment.<\/p>\n<p data-v-4026719d=\"\">Workers aren&#8217;t doing that well but there is a cohort of retirees and near-retirees who have strong savings\/pensions and a large potion of their net worth in equity markets that have boomed. They&#8217;re flush and spending.<\/p>\n<p data-v-4026719d=\"\">Here is a post from Craig Fuller, who founded FreighWaves which is an analytics company for that industry:<\/p>\n<p>Trucking has been in my family since the 1960\u2019s. We\u2019ve lived through multiple cycles: <\/p>\n<p>Trucking deregulation, oil crisis, stagflation, the S&amp;L collapse, Gulf War, Sept 11, and the financial crisis. <\/p>\n<p>I\u2019ve spoken to dozens of trucking veterans with 40+ years of experience &#8211; almost all agree. <\/p>\n<p>This is the worst freight market in their lifetime.<\/p>\n<p data-v-4026719d=\"\">It&#8217;s similar in residential housing &#8212; particularly lower and middle-class housing &#8212; where activity has dried up. <\/p>\n<p data-v-4026719d=\"\">To some extent, the fragmentation has always been the case but I strongly suspect that an economy that leaves young workers behind while the old indulge in retirement based on inflated asset values leads to a dark place.<\/p>\n","protected":false},"excerpt":{"rendered":"The US economy has never been harder to track. There are parts of the economy in real trouble&hellip;\n","protected":false},"author":2,"featured_media":171179,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-171178","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/171178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=171178"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/171178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/171179"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=171178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=171178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=171178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}