We live in a market environment where former Chairman of the Council to Economic Advisors Austan Goolsbee was voted the funniest political celebrity in Washington DC, with anti-tax campaigner Grover Norquist coming in second place, Goolsbee quipped at the Morningstar Investment Conference in Chicago, noting the odd dichotomy. “The Chicago Cubs are favored to win the World Series and Donald Trump could be US president. This is a year predictions might not work out so well.”
Goolsbee weaved in humor with a serious economic message, pointing to a core reason why the economy is not meeting the Fed’s expectations, the real issue with oil prices and why the last two years of the Obama administration are actually great on a...
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