In this video edition of “Five Minutes With Commerce Trust Company Chief Economist Scott Colbert,” Scott explains why he believes U.S. economic growth could still exceed 4% this year despite the headwinds from spiking inflation and the knock-on effects of stubborn supply chain disruptions during the pandemic. Key drivers of Scott’s optimistic growth picture include the continued favorable impact of ultra-low interest rates, ongoing fiscal stimulus, and the seldom-discussed effect of excess savings that consumers currently have on the sidelines. By some measures, this built-up excess could be in the neighborhood of $2.7 trillion, and will eventually find its way back into the economy.
Scott Colbert : Aug 4, 2022 3:21:49 PM
After a disappointing first half of the year, the markets appear to be experiencing some resurgence. The S&P 500 Index, while still down for the...
Scott Colbert : Jul 22, 2022 7:55:12 AM
The stock market’s performance in July has been relatively positive to date, which is a marked improvement from the first half of the year. This has...
Robert E. Whitney, Jr., CFP®, : Jul 21, 2022 10:09:20 AM
