“Neither corporate earnings nor the latest GDP numbers imply we’re careening toward an economic contraction,” Axios reports.
“Last year, as the Fed tightened rates at the most rapid clip since the early 1980s — and stocks fell about 20% — obsession with the possibility of a downturn overtook both executives and the business press.”
“To paraphrase the economist Robert Solow, the downturn has been everywhere, but in the economic statistics.”
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Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.