{"id":29640,"date":"2018-01-11T20:16:08","date_gmt":"2018-01-12T01:16:08","guid":{"rendered":"http:\/\/olduvai.ca\/?p=29640"},"modified":"2018-01-11T20:16:50","modified_gmt":"2018-01-12T01:16:50","slug":"2018-the-year-of-living-dangerously","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=29640","title":{"rendered":"2018: The Year of Living Dangerously"},"content":{"rendered":"<div class=\"row\">\n<div class=\"small-12 medium-10 medium-centered columns featured-image\"><img decoding=\"async\" src=\"https:\/\/dweaay7e22a7h.cloudfront.net\/wp-content_3\/uploads\/2018\/01\/shutterstock_739371145-650x360.jpg\" alt=\"2018: The Year of Living Dangerously\" \/><\/div>\n<\/div>\n<div class=\"row content-body\">\n<div class=\"small-12 medium-10 medium-centered columns\">\n<div class=\"row\">\n<div id=\"single-article-body\" class=\"small-12 medium-10 columns single-article\">\n<h3><a href=\"https:\/\/dailyreckoning.com\/2018-year-living-dangerously\/\">2018: The Year of Living Dangerously<\/a><\/h3>\n<p>I\u2019m calling 2018 \u201cThe Year of Living Dangerously.\u201d<\/p>\n<p>That description might seem odd to lot of observers. Major U.S. stock indexes keep hitting new all-time highs. 2017 went down as the first calendar year in which the Dow Jones industrial average was up for all 12 months.<\/p>\n<p>Even in strong bull market years there are usually one or two down months as stocks take a breather on the way higher. Not last year. There\u2019s been no rest for the bull; it\u2019s up, up and away.<\/p>\n<p>Inflation is tame, even too tame for the Fed\u2019s liking. The unemployment rate is at a 17-year low. U.S. growth was over 3% in the second and third quarters of 2017, much closer to long-term trend growth than the tepid 2% growth we\u2019ve seen since the end of the last recession in June 2009.<\/p>\n<p>The U.S. is not alone. For the first time since 2007, we\u2019re seeing strong synchronized growth in the U.S., Europe, China, Japan (the \u201cbig four\u201d) as well as other developed and emerging markets.<\/p>\n<p>Growth breeds growth as consumers in one country create demand for goods and services provided by another. This is what economists mean by \u201cself-sustaining\u201d growth instead of force-fed growth from easy money and government spending.<\/p>\n<p>Technology rules the day. The pace of innovation is unprecedented in world history. Our daily needs are being fulfilled better, faster and cheaper by the likes of Amazon, Google, Netflix and Apple. We can share the good news on Facebook.<\/p>\n<p>Best of all, the U.S. Congress and White House got around to cutting our taxes in late December!<\/p>\n<p>In short, all\u2019s right with the world.<\/p>\n<p>Or not.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>2018: The Year of Living Dangerously I\u2019m calling 2018 \u201cThe Year of Living Dangerously.\u201d That description might seem odd to lot of observers. Major U.S. stock indexes keep hitting new all-time highs. 2017 went down as the first calendar year in which the Dow Jones industrial average was up for all 12 months. Even in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[14994,130,11023,1732,281,1493,379,391,426,13599,452,824,827,1796,2442,877],"class_list":["post-29640","post","type-post","status-publish","format-standard","hentry","category-economics","tag-14994","tag-china","tag-daily-reckoning","tag-emerging-markets","tag-europe","tag-facebook","tag-government","tag-growth","tag-inflation","tag-james-rickards","tag-japan","tag-unemployment","tag-united-states","tag-us-congress","tag-us-stock-market","tag-white-house"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29640"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29640\/revisions"}],"predecessor-version":[{"id":29642,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/29640\/revisions\/29642"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}