Figuring out where the economy is headed is never easy. We have more data available to us now than ever before. That data may actually make divining the future even more difficult because the data is conflicting. Let’s take a look at three important measures of economic activity – Inflation, Employment and Consumer Spending.

That country song came out in 2009. Change New York to Silicon Valley and make a few other adjustments, and it would seem relevant again right now. I was in Congress in the middle of the crisis in 2008. I rarely toot my own horn, but I actually do know a lot about this stuff. So, here’s my analysis on where we are, how we got here and what is next. I apologize that it is a bit longer than my usual missives. But, this is important stuff.