Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.
In Session 1 of the 2013 Morningstar Individual Investor Conference, Northern Trust's Katie Nixon, Charlie Bobrinskoy of Ariel, and Morningstar's Bob Johnson tackle today's macro questions on government policy, economic growth, inflation, and more.
There is some improvement, but uncertainty looms, says Morningstar's Bob Johnson .
With most of the debt now being held by institutions, contagion is no longer a concern, says Morningstar's Bob Johnson .
Demographic trends could lead to a shortage of workers in the coming years, potentially boosting the wages of some skilled positions but hurting corporate earnings, says Morningstar's Bob Johnson .
The Fed's eventual rate hike may dislocate markets in the short term, but higher rates are necessary to bring us back to normal, says Morningstar's Bob Johnson .
New and existing home sales and pricing data were positive this week, but a rush to beat rising rates may taper in a few months, says Morningstar's Bob Johnson .
An acceleration in job openings, an uptick in housing prices, and a better-than-expected services reading fly in the face of recent economic doomsayers, says Morningstar's Bob Johnson .
Several factors, including population growth, income inequality, and low inflation, could keep a lid on rates over the next several years, says Morningstar's Bob Johnson .
Consumption, exports, and other factors that normally drive employment haven't looked strong and could make for a ho-hum report, says Morningstar's Bob Johnson .